Every material Form 8-K CULP INC has filed with the SEC since March 11, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Culp reported first-quarter fiscal 2027 results for the period ended August 2, 2026, with net sales of $54.0 million, up 6.5% from a year earlier, and net income of $6.0 million, or $0.47 per diluted share, versus a net loss of $231 thousand a year earlier. Reported profit includes $6.9 million in tariff refunds, and excluding them the company shows an adjusted operating loss of $271 thousand, narrower than the $1.9 million adjusted loss a year ago. The company also cut net debt to $3.1 million from $10.9 million at fiscal year-end and expects break-even operating income in the second quarter.
Net sales $54.0 million, up 6.5%; bedding sales up 13.2% to $31.8 million, upholstery down 1.9% to $22.2 million
Net income $6.0 million, or $0.47 per diluted share, including $6.9 million in tariff refunds tied to the Supreme Court's February 2026 IEEPA ruling
Adjusted operating loss of $271 thousand, compared with an adjusted operating loss of $1.9 million a year earlier
Net debt fell to $3.1 million from $10.9 million at fiscal year-end; company expects break-even operating income in the second quarter
Culp reported fourth-quarter fiscal 2026 net sales of $51.6 million, up 5.8% from a year earlier, but its net loss widened slightly to $2.2 million, or $0.18 per diluted share, from $2.1 million, or $0.17 per share. For the full year ended May 3, 2026, sales fell 4.6% to $203.5 million while the net loss narrowed to $10.2 million, or $0.81 per share, from $19.1 million. The company expects to recover about $7.0 million in IEEPA tariff refunds in the first quarter of fiscal 2027, which it says should reduce net debt to about $5.0 million at that quarter-end.
Q4 net sales $51.6 million, up 5.8% from $48.8 million a year earlier; gross profit fell to $6.8 million from $7.7 million
Q4 net loss $2.2 million, or $0.18 per diluted share, versus $2.1 million, or $0.17, in the prior-year quarter
Full-year net loss $10.2 million, or $0.81 per share, versus $19.1 million, or $1.53, in fiscal 2025
Outlook: about $7.0 million in IEEPA tariff refunds expected in Q1 fiscal 2027; net debt expected near $5.0 million at quarter-end
Culp reported third-quarter fiscal 2026 net sales of $48.0 million, down from $52.3 million a year earlier, and a net loss of $3.4 million, or $(0.27) per diluted share, compared with a net loss of $4.1 million, or $(0.33) per share, in the prior-year quarter. The company gave only limited forward guidance, expecting sequential sales growth in the fourth quarter, and said it is not providing more specific operating guidance due to uncertainty over possible tariff refunds.
Net sales $48.0 million, down 8.2% from $52.3 million; bedding down about 5% and upholstery down about 12%
Net loss $3.4 million, or $(0.27) per diluted share, vs. $4.1 million, or $(0.33), a year earlier; the quarter included $1.0 million of legal settlement proceeds in other income
Company expects sequential consolidated sales growth in fourth quarter fiscal 2026; $4.8 million balance from sale of Canadian facility due in fourth quarter
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