[pageLogInLogOut]

#Textiles & Apparel / Garment

Culp reports FY2025 results and completes restructuring to support future growth

Culp, Inc. (NYSE: CULP), a leading supplier of fabrics for bedding and upholstered furniture, has reported its financial results for the fourth quarter and full fiscal year ended April 27, 2025. Despite continued macroeconomic and tariff-related challenges, the company completed its restructuring plan and entered fiscal 2026 with a leaner, more efficient operating model.


Fiscal 2025 Summary

+ Consolidated net sales for the year totaled $213.2 million, down 5.4% year-over-year.

+ GAAP operating loss was $(18.4) million, including $9.4 million in restructuring costs.

+ Non-GAAP operating loss improved to $(9.0) million from $(10.6) million in FY2024.

+ Mattress fabrics segment posted a full-year sales decline of 2.1%, with significant improvement in operating performance over the course of the year.

+ Upholstery fabrics segment remained profitable despite an 8.8% drop in annual sales, supported by stronger margins in the hospitality/contract market.

+ Restructuring Completed

The company finalized its restructuring plan initiated in May 2024, which included facility closures and a transition to an asset-light sourcing model. The sale of its Canadian manufacturing facility in April 2025 marked the completion of the program, which is expected to yield annualized savings of $10–11 million.

Culp has also announced the integration of its mattress and upholstery divisions into a unified CULP-branded business, aimed at improving scale efficiency and responsiveness to market trends.

Q4 Financial Highlights

+ Net sales were $48.8 million, flat year-over-year.

+ Non-GAAP operating loss narrowed to $(704) thousand, compared to $(4.0) million in the prior-year quarter.

+ Adjusted EBITDA turned positive at $559 thousand, up from $(2.2) million.

+ Mattress fabrics sales grew by 5.3%, while upholstery sales declined by 8.9%.

+ Strengthened Financial Flexibility

The company ended fiscal 2025 with $5.6 million in cash and $12.7 million in outstanding debt, and recently extended its credit facility with Wells Fargo by three years. Total liquidity as of year-end stood at approximately $27 million.

Outlook

Culp expects continued pressure in the residential upholstery market but anticipates year-over-year growth in mattress fabric sales. Operating performance is expected to benefit from ongoing restructuring efficiencies, division integration, and selective price increases related to tariffs. The company will continue to focus on liquidity, cost discipline, and free cash flow.

CEO Iv Culp stated: "We enter fiscal 2026 with a more agile and resilient platform. Our completed restructuring, integrated business structure, and continued focus on customer service position us well to navigate market volatility and seize new opportunities."



More News from Culp Inc.

#Home Textiles

Culp reports improved operating results in Q2 as restructuring gains traction

Culp, Inc., a major supplier of mattress and upholstery fabrics, reported its fiscal Q2 2026 results with signs of operational improvement despite continued weakness in the global home furnishings market. Consolidated sales reached USD 53.2 million, slightly above the previous quarter, with the bedding segment growing both sequentially and year-over-year.

#Home Textiles

Culp announces strategic transformation of operating model following completion of restructuring initiatives

Culp, Inc. (NYSE: CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends.

#Textiles & Apparel / Garment

Culp names Mary Beth Hunsberger as President of Culp Upholstery Fabrics

Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effective July 27, 2024, following the planned succession of retiring division president, Boyd Chumbley. Hunsberger joined CULP in January 2024 as the Executive Vice President of the division and has worked closely with Chumbley over the past six months.

More News on Textiles & Apparel / Garment

#Recycling / Circular Economy

Arc'teryx introduces System 0™, a new framework for the future of product design and circularity

Arc'teryx Equipment, the global design company specializing in technical high-performance apparel and equipment, today introduced System 0™, a new framework that reimagines how products can be designed, manufactured, used, repaired, and ultimately regenerated. System 0 represents the next evolution for sustainability in the outdoor industry, as it embeds circular thinking across an entire product lifecycle while maintaining the uncompromising performance standards that define the Arc’teryx brand.

#Textiles & Apparel / Garment

Texworld Apparel Sourcing Paris reflects shift towards more diversified sourcing

The latest edition of Texworld Apparel Sourcing Paris confirms the global reshaping of sourcing strategies. The offer is evolving to satisfy more selective buyers, looking for responsiveness, innovation and diversification in their sourcing options.

#Textiles & Apparel / Garment

YDC 2026 names winners in Hong Kong

The Hong Kong Young Fashion Designers’ Contest 2026 (YDC) has named its winners at the conclusion of CENTRESTAGE in Hong Kong. Ten emerging local designers presented collections inspired by personal experiences and emotions, translating their ideas through distinctive tailoring, materials and craftsmanship.

#Fabrics

Texhibition Istanbul to bring together more than 500 exhibitors for 10th edition

The 10th edition of Texhibition Istanbul Fabric and Textile Accessories Fair will take place from 9 to 11 September 2026 at Istanbul Expo Center. More than 500 exhibiting companies across five halls and 42,850 square metres will present new-season collections, materials and technologies, bringing together Türkiye’s textile production strength with an increasingly international sourcing community.

Latest News

#Knitting & Hosiery

SHIMA SEIKI to showcase flat knitting and digital design solutions at Egypt Stitch & Tex

Leading Japanese computerized flat knitting technologist SHIMA SEIKI MFG., LTD. of Wakayama, Japan, together with its sales representative in Egypt, TTS (EL MASRIA FOR TRADE & TECHNICAL SERVICES), will participate in the upcoming 24th International Exhibition for Textile & Carpet Machineries, Printing Technologies and Accessories (Egypt Stitch & Tex) to be held in Cairo, Egypt this month.

#Raw Materials

Cotton made in Africa puts farmer dialogue at the heart of agricultural training

A new manual created by the Aid by Trade Foundation and African People & Wildlife shows how Cotton made in Africa aims to transform cotton cultivation through dialogue rather than directives.

#Sustainability

Wendy Woods named Chair of the Fashion for Good BV Board

Fashion for Good is pleased to welcome Wendy Woods as its new board chair, succeeding Jill Beraud as of 1 September 2026, who had led the board since 2022.

#Industry 4.0 / Digitalization

Coats Digital launches AI-powered GSD RealMotion for motion analysis

Coats Digital has launched GSD RealMotion, an AI-powered solution designed to provide apparel manufacturers with greater visibility into factory-floor operations. By analysing shop-floor video and applying Coats Digital’s GSD methodology, the solution turns video recordings into structured, motion-by-motion method studies.

TOP