Culp, Inc (CULP) Q3 2025 Earnings Call Transcript

2025-03-06 15:07:06 ET

Culp, Inc (CULP)

Q3 2025 Results Conference Call

March 06, 2025 09:00 AM ET

Company Participants

Dru Anderson - Head of Investor Relations

Robert Culp - President and Chief Executive Officer

Kenneth Bowling - Chief Financial Officer

Tommy Bruno - EVP of Culp Home Fashions

Mary Beth Hunsberger - President, Culp Upholstery Fabric Division

Conference Call Participants

Brian Gordon - Water Tower Research

Presentation

Operator

Good day, and welcome to the Culp, Inc. Third Quarter Fiscal 2025 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 third quarter of fiscal 2025.

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 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 measurement is included in the tables to the press release included as an exhibit to the company's 8-K filed yesterday and posted on the company's website at culp.com. A slide presentation on the company's restructuring plan is also available on the company's website as part of the webcast of today's call....

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