|Bid||9.06 x 1800|
|Ask||13.89 x 800|
|Day's Range||8.88 - 9.30|
|52 Week Range||8.88 - 21.08|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||21.26|
|Earnings Date||Mar 04, 2020|
|Forward Dividend & Yield||0.42 (4.48%)|
|Ex-Dividend Date||Jan 06, 2020|
|1y Target Est||14.50|
HIGH POINT, N.C., Feb. 28, 2020 -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2020.
The spreading coronavirus rattled markets across the globe Monday, including on Wall Street. The S&P 500 fell 3.4 per cent, its worst day since February 2018. The Nasdaq dropped 3.7 per cent and the Dow was down 1,000 points, a loss to close the day 3.
Culp, Inc. (NYSE: CULP) today announced that, based on unaudited preliminary results and current estimates, the company expects pre-tax loss (GAAP) to be in the range of $(5.4) million to $(5.1) million for the third quarter of fiscal 2020. This includes a reversal of a $6.1 million recorded contingent earnout liability, as well as non-cash impairment charges of approximately $13.6 million relating to the home accessories division (discussed below), resulting in a non-cash net charge of approximately $7.6 million. Excluding the gain from the contingent earnout liability reversal and estimated impairment charges, adjusted pre-tax income (non-GAAP) is expected to be in the range of $2.2 million to $2.5 million (see reconciliation table on page 4). These projected results are lower than the company’s previously announced expectation of $3.2 million to $3.8 million in pre-tax income for the third quarter, which excluded any restructuring and related charges or credits, contingent earnout liability reversals, and impairment charges. Sales and profitability for the third quarter of fiscal 2020 are lower than the company’s previously announced outlook, with overall sales and all three business segments’ sales now expected to be down moderately as compared with the third quarter of last year. Profitability is now expected to be moderately down for the upholstery fabrics segment and significantly down for the mattress fabrics segment as compared with the third quarter of last year.
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HIGH POINT, N.C., Nov. 27, 2019 -- Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2020.
Leggett & Platt's (LEG) third-quarter earnings are likely to have benefited from strategic initiatives & acquisitions. However, lower deliveries and currency headwinds might have hurt its performance.
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On Thursday, September 5, Culp (NYSE: CULP ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Based on Culp management projections, analysts predict ...
Culp, Inc. (CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2020 conference call on Friday, September 6, 2019, at 11:00 a.m. ET. During this call, Culp will review the company’s financial and operating results for the first quarter ended August 4, 2019. A press release announcing these results will be issued after the close of market trading on Thursday, September 5, 2019. The live broadcast of Culp’s quarterly conference call will be available online at www.culp.com on Friday, September 6, 2019, beginning at 11:00 a.m. ET. To listen to the live webcast, please visit the website at least 15 minutes early to download and install any necessary audio software. An Internet replay of the call will be available for 30 days using the same links.