Culp Announces Results for Fourth Quarter and Fiscal 2020, Provides Current Business Improvement and Liquidity Update, Announces Quarterly Dividend
Culp, Inc. (CULP)
Last culp, inc. earnings: 3/4 04:15 pm
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US:NYSE Investor Relations:
culpinc.gcs-web.com/investor-overview
Company Research
Source: Business Wire
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today reported financial and operating results for the fourth quarter and fiscal year ended May 3, 2020, which were severely affected by the coronavirus (“COVID-19”) pandemic and included non-cash asset impairment charges in connection with the related business disruption. Also, in support of a comprehensive liquidity focus, Culp sold its majority interest in eLuxury, LLC (“eLuxury”) on March 31, 2020, resulting in the elimination of the company’s home accessories segment. Accordingly, the financial results for this segment are excluded from the reported financial performance of the company’s continuing operations for the fourth quarter and fiscal 2020 year (and for all prior periods of comparison) and presented as a discontinued operation in the company’s consolidated financial statements.Commenting on the results, Iv Culp, chief executive officer of Culp, Inc., said, “The broad economic disruption caused by the COVID-19
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CULP
Earnings
- 3/6/24 - Miss
CULP
Sec Filings
- 4/12/24 - Form SC
- 3/8/24 - Form 10-Q
- 3/6/24 - Form 8-K
- CULP's page on the SEC website