Culp, Inc., founded in 1972, is a North Carolina corporation. The Company manufactures, purchases and sells mattress fabrics and sewing covers for covering mattresses and foundations and other bedding; and upholstered fabrics, including cutting and sewing kits, primarily for the production of upholstered furniture. 

Culp Inc (CULP) shares rose 12.25% in intraday trading after the company reported Q1 FY2027 net income of $6.0 million ($0.47 EPS), beating the Zacks Consensus Estimate of $0.44. Consolidated net sales increased 6.5% year-over-year to $54.0 million, and gross profit surged to $15.4 million, aided by $6.9 million in IEEPA tariff refunds. The company also significantly improved its balance sheet, reducing net debt by over 70% to $3.1 million.

Culp Inc (CULP) shares rise 12.25% intraday after Q1 FY2027 earnings beat

Culp (CULP) shares rose 18.92% in premarket trading after the company reported a Q1 FY2027 earnings beat of $0.47 per share against estimates of $0.44. The positive surprise was driven by one-time IEPA tariff recoveries and net debt reduction.

Culp (CULP) shares jump 18.92% premarket after Q1 FY2027 earnings beat

Culp, Inc. (CULP) reported Q1 earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.44 per share. Revenues of $53.97 million surpassed the consensus estimate by 1.45%, compared to year-ago revenues of $50.69 million. The company has topped consensus revenue estimates three times over the last four quarters.

Culp

Culp Q1 Earnings Top Estimates, Revenue Surges 6.5%

Culp reported Q1 GAAP EPS of $0.47 and revenue of $54M, beating estimates by $0.75M. Adjusted EBITDA was $566 thousand, up from negative $(938) thousand in the prior-year period. The company expects break-even to positive adjusted EBITDA in Q1 FY27, supported by $7M in IEPA tariff refunds for debt reduction. Shares rose 2.05%.

Culp Q1 Revenue Exceeds Expectations, EPS Beats by $0.75M

Culp reported Q1 GAAP EPS of $0.47 and revenue of $54M, beating expectations by $0.75M. Adjusted EBITDA improved to $566 thousand, compared to negative $(938) thousand in the prior-year period. The company's shares rose by 2.05%.

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