Culp FY27 Q1 turns to net income of USD 6 million; net sales rise 6.5% to USD 54 million
CULP•Quarterly results improve as sales and margins rise
- Culp swung to net income of USD 6 million, or USD 0.47 per diluted share, in the fiscal first quarter.
- Net sales rose 6.5% to USD 54 million year over year, led by 13.2% growth in the bedding segment.
- Gross margin widened to 28.5% from 14.3% as gross profit more than doubled to USD 15.38 million, aided by tariff refunds.
- Net debt fell more than 70% to USD 3.1 million, with USD 10.24 million in cash and USD 29.4 million in liquidity.
- Management highlighted above-market bedding momentum and balance-sheet focus; outlook calls for slightly higher Q2 sales with break-even operating income.
