Culp (CULP) Q1 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, January 7, 2026 astatine 8:52 AM CST 29 min read

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Thursday, Sep. 5, 2024 astatine 9 a.m. ET

• President and Chief Executive Officer — Robert Culp

• Chief Financial Officer — Kenneth Bowling

• President, Upholstery Fabrics — Mary Beth Hunsberger

• President, Mattress Fabrics — Tommy Bruno

Dru Anderson: Thank you. Good morning, and invited to the Culp league telephone to reappraisal the company’s results for the archetypal 4th of fiscal 2025. As we start, fto maine authorities that this morning’s telephone volition incorporate forward-looking statements astir the business, fiscal condition, and prospects of the company. Forward-looking statements are statements that see projections, expectations, oregon beliefs astir aboriginal events oregon results, oregon different are not statements of humanities fact. The existent show of the institution could disagree materially from that indicated by the forward-looking statements due to the fact that of assorted risks and uncertainties. These risks and uncertainties are described successful our regular SEC filings, including the company’s astir caller filings connected Form 10-K and Form 10-Q.

Additional risks and uncertainties that we bash not presently cognize astir oregon that we presently see to beryllium immaterial whitethorn besides impact our concern operations and fiscal results. You are cautioned not to spot undue reliance connected forward-looking statements made today, and each specified connection speaks lone arsenic of today. We undertake nary work to update oregon to revise forward-looking statements. In addition, during this call, the institution volition beryllium discussing non-GAAP fiscal measurements. A reconciliation of these non-GAAP fiscal measurements to the astir straight comparable GAAP fiscal measurements is included successful the tables to the property merchandise included arsenic an grounds to the company’s 8-K filed yesterday and posted connected the company’s website astatine culp.com.

A descent presumption connected the company’s restructuring program is besides disposable connected the website arsenic portion of the webcast of today’s call. I volition present crook the telephone implicit to Iv Culp, President and Chief Executive Officer of Culp. Please spell ahead.

Robert Culp: Thank you, Dru, and bully greeting and acknowledgment to everyone for joining america today. I would similar to invited you to the Culp quarterly league telephone with analysts and investors. With maine connected the telephone are Ken Bowling, our Chief Financial Officer; Mary Beth Hunsberger, President of our Upholstery Fabrics business; and Tommy Bruno, the President of our Mattress Fabrics business. Today, I volition statesman the telephone with immoderate elaborate comments. And arsenic mentioned successful the introduction, we person posted an updated descent presumption to our Investor Relations website that covers accusation related to our restructuring plan, which I volition notation to you today. Ken volition past reappraisal the fiscal results for the quarter.