CULP Stock Recent News

Penny stocks were the talk of the town back in 2021, especially those in the technology and biotech sectors. However, so far in 2023, most penny stocks have remained dormant with barely any price action to the upside.

Culp, Inc. (CULP) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $0.49 per share a year ago.

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2023 conference call on Thursday, June 29, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended April 30, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, June 28, 202.

General Electric (NYSE:GE) said it canceled stock awards for CEO Larry Culp originally valued at $20 million after the company failed to reach minimum performance thresholds necessary for the executive to take full title to the shares. According to a Wall Street Journal report, the move wiped out $5 million of the $8.2 million in total compensation the company reported for Culp for 2022, as well as a tranche of shares originally valued at $15 million when it was awarded in 2020.

Culp, Inc. (NYSE:CULP ) Q3 2023 Earnings Conference Call March 2, 2023 11:00 AM ET Company Participants Dru Anderson - Investor Relations Iv Culp - President and Chief Executive Officer Ken Bowling - Chief Financial Officer Boyd Chumbley - President, Upholstery Fabrics Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Rexford Henderson - Water Tower Research Operator Good morning, and welcome to the Culp, Inc. Third Quarter Fiscal Year 2023 Earnings Conference Call. All participants will be in a listen-only mode today.

Culp, Inc. (CULP) delivered earnings and revenue surprises of 8.11% and 1.77%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Culp's net sales have not stopped falling since 2018 due to a series of headwinds. Now, inflationary pressures and delays in pricing action are having a huge impact on profit margins.

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2023 conference call on Thursday, March 2, 2023, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 29, 2023. A press release announcing these results will be issued after the close of market trading on Wednesday, March 1, 2023.

CULP, GOOS and DCOM have been added to the Zacks Rank #5 (Strong Sell) List on February 3, 2023.

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.