CULP INC. DL-,05 Aktie

Culp will present results on July 1, 2026 for the quarter ended April 30, 2026. One analyst projects earnings per share of -0.110 USD versus -0.170 USD in the year-ago quarter, an improvement of 35.29%. The same analyst expects revenue of 50.1 million USD (up 2.79% from 48.8 million USD); for the fiscal year an EPS of -0.940 USD and revenue of 202.0 million USD are forecast. » Más en finanzen.net

Culp reported Q3 revenue of $47.97 million (forecast $54 million) and a loss per share of $0.27 versus an expected loss of $0.07, after which the stock fell about 7.6% in premarket trading. Management announced a multi-phase restructuring program expected to deliver annual savings of roughly $20 million ( $10–11 million from 2025 measures and about $8 million in 2026). Culp highlights liquidity of $27.7 million as of February 1, 2026, and cites real estate values and tax refunds as additional buffers; tariffs of around $15 million weighed on results, with a possible reimbursement of $6–7 million under discussion. » Más en de.investing.com

Culp has appointed Mark Wilson to the board with immediate effect to fill the vacancy following the resignation of Alexander B. Jones. The appointment is made pursuant to a Cooperation Agreement with the 22NW Fund, LP; Wilson is to be proposed for re‑election at the 2026 annual general meeting and is considered independent. He will receive annual cash compensation of $55,000 and pro rata RSUs of the same value, subject to continued service. The company also reported a larger loss in Q2 FY2026, weaker revenue, and announced the retirement of CFO Kenneth R. Bowling at the end of 2026 along with an external search for his successor. » Más en de.investing.com