床垫面料销售情况 - 第三季度床垫面料销售下降了35.8%，床垫面料销售下降了34.4%[199] - 总体而言，公司的净销售额在2023财年第三季度与去年同期相比下降了34.6%，床垫面料销售下降了35.8%[180] - 床垫面料部门的毛利率为负数，净销售额下降主要是由于国内床垫行业需求放缓[200] - 在第三季度，床垫面料的盈利能力受到了销售额下降和运营效率低下的影响[205] - 床垫面料在2023财年前九个月受到了销售额下降、劳动力挑战和原材料成本上涨等因素的影响[206] 公司战略举措 - 公司在2023财年第三季度完成了美国切割和缝制床套平台的重组和优化[207] - 公司在2023财年第二季度关闭了位于中国上海的裁剪和缝制家具面料业务，导致总计713,000美元的重组费用和相关费用[228] - 公司在2023财年第三季度签订了终止位于海地Ouanaminthe的设施租约协议，将裁剪和缝制家具套件的生产转移到另一个位于海地Ouanaminthe的现有设施[229] - 公司预计这一战略举措将使产能和成本与当前需求水平保持一致，同时仍能支持客户并为未来扩大产能做准备[230] 资产情况 - 截至2023年1月29日，应收账款较2022年1月30日大幅减少[211] - 截至2023年1月29日，库存较2022年1月30日和2022年5月1日均有显著下降[213] - 截至2023年1月29日，公司的固定资产已经稳步减少[216] - 截至2023年1月29日，租赁权益资产已经稳步减少[218] 床上用品面料销售情况 - 在2023财年第三季度，床上用品面料销售额较去年同期下降了33.5%[219] - 床上用品面料盈利能力在2023财年前九个月受到了住宅销售下降和运营效率低下的影响[225] 财务状况 - 公司在2023财年前九个月录得了230万美元的所得税费用，占税前亏损的9.5%[255] - 公司在2023财年前9个月的美国运营中遭受了巨额税前损失，导致美国净递延所得税资产被全额减值准备[1] - 在2023财年前9个月，公司的全球净递延所得税资产减值准备金额为18,071千美元[2] - 公司预计2023财年的现金所得税支付约为320万美元，相比2022财年的310万美元略有增加[3] - 公司预计2023财年在美国现金基础上几乎不支付所得税，这主要归因于美国资本支出的立即支出和现有的美国联邦净经营亏损结转额[4] 库存和账款情况 - 2023年1月29日，库存为4770万美元，较2022年1月30日的7310万美元减少了2550万美元，或34.9%[286] - 2023财年第三季度库存周转率为4.0，较2022财年第三季度的3.4和2022财年第四季度的3.1有所增加[287] - 2023年1月29日，应付账款-贸易为2250万美元，较2022年1月30日的4670万美元减少了2420万美元，或51.7%[288] - 2023年1月29日，应付账款-贸易为2250万美元，较2022年5月1日的2010万美元增加了240万美元，或12.1%[289] 资金和财务协议 - 截至2023年1月29日，公司与银行签订了美国母公司和中国业务的循环信贷协议，目的是支持不同司法管辖区的短期现金需求[290] - 截至2023年1月29日，公司的贷款协议要求公司遵守某些财务契约，公司目前符合这些财务契约[291] - 2023财年前九个月的现金基础资本支出为160万美元，较去年同期的530万美元有所减少[292] - 2023财年前九个月的折旧费用为520万美元，主要与公司的床垫面料部门相关[293] - 截至2023年1月29日，公司对待支付的资本支出总额为25000美元，无任何融资[294] - 截至2023年1月29日，公司对床垫面料部门设备的采购承诺总额为738000美元[295]

Dru Anderson - Investor Relations Iv Culp - President and Chief Executive Officer Ken Bowling - Chief Financial Officer Boyd Chumbley - President, Upholstery Fabrics Dru Anderson You are cautioned not to place undue reliance on forward-looking statements made today, and each such statement speaks only as of today. We undertake no obligation to update or revise forward-looking statements. Conference Call Participants Operator Thank you. Good morning, and welcome to the Culp conference call to review the comp ...

| --- | --- | --- | --- | |------------------------------------------|--------------------|---------------|------------------| | | January 29, 2023 | May 1, 2022 | January 30, 2022 | | Accounts receivable, net 21.2 22.2 39.0 | | | | | Inventories, net 47.6 66.6 73.1 | | | | | Accounts payable (22.5) (20.1) (46.7) | | | | | Accounts payable – capital expenditures | (0.0) (0.5) (0.0) | | | | Operating working capital 46.3 68.2 65.4 | | | | | Percent of sales* | 20.0% | 23.1% | 20.6% | | Days sales outstanding ...

Culp, Inc. (NYSE:CULP) Q2 2023 Earnings Conference Call December 8, 2022 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Rex Henderson - Water Tower Anthony Lebiedzinski - Sidoti & Company Operator Good morning, and welcome to the Culp, Inc. Second Quarter Fiscal 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event ...

CULP 1 | --- | --- | |-------------------------------|-------| | | | | CULP, INC. | | | NYSE: CULP | | | Second Quarter Fiscal 2023 | | | Summary Financial Information | | | December 7, 2022 | | FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934). Such statements ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Name of Each Exchange Title of Each Class Trading Symbol(s) On Which Registered Common Stock, par value $.05/ Share CULP New York Stock Exchange Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 30, 2022 Commission File No. 1-125 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Name of Each Exchange Title of Each Class Trading Symbol(s) On Which Registered Common Stock, par value $.05/ Share CULP New York Stock Exchange Non-accelerated filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 Commission File No. 1-12597 CULP, INC. (Exact name of registrant as specif ...

Culp, Inc. (NYSE:CULP) Q1 2023 Earnings Conference Call August 31, 2021 11:00 AM ET Company Participants Dru Anderson - IR Iv Culp - President and CEO Ken Bowling - CFO Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Rex Henderson - Water Tower Anthony Lebiedzinski - Sidoti & Company Operator Good day and welcome to the Culp, Inc. First Quarter Fiscal 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, th ...

CULP 1 | --- | --- | |-------------------------------|-------| | | | | CULP, INC. | | | | | | NYSE: CULP | | | First Quarter Fiscal 2023 | | | Summary Financial Information | | | August 31, 2022 | | FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934). Such stateme ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 1O-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 1, 2022 Commission File No. 1-12597 CULP, INC. (Exact name of registrant as specified in its charter) NORTH CAROLINA (State or other jurisdiction of incorporation or other organization) 56-1001967 (I.R.S. Employer Identification No.) 1823 Eastchester Drive, High Point, North Carolina (Address of principal executiv ...