Culp, Inc. (CULP) Q1 2024 Earnings Call Transcript

Culp, Inc. (NYSE:CULP) Q1 2024 Earnings Conference Call August 31, 2023 11:00 AM ET

Company Participants

Dru Anderson – IR

Robert Culp – President & CEO

Ken Bowling – CFO

Tommy Bruno – President, Mattress Fabrics

Boyd Chumbley – President, Upholstery Fabrics

Conference Call Participants

Anthony Lebiedzinski – Sidoti & Company

Budd Bugatch – Water Tower Research


Good morning, and welcome to the Culp, Inc. First Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Dru Anderson. Please go ahead.

Dru Anderson

Thank you. Good morning, and welcome to the Culp conference call to review the company’s results for the first quarter of fiscal 2024. As we start, let me state that this morning’s call will contain forward-looking statements about the business, financial condition and prospects of the company. Forward-looking statements are statements that include projections, expectations or beliefs about future events or results or otherwise are not statements of historical fact.

The actual performance of the company could differ materially from that indicated by the forward-looking statements because of various risks and uncertainties. These risks and uncertainties are described in our regular SEC filings, including the company’s most recent filings on Form 10-K and Form 10-Q. Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial results. You are cautioned not to place undue reliance on forward-looking statements made today, and each such statement speaks only as of today. We undertake no obligation to update or to revise forward-looking statements.

In addition, during this call, the company will be discussing non-GAAP financial measurements. A reconciliation of these non-GAAP financial measurements to the most directly comparable GAAP financial measurements

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