[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

#Textiles & Apparel / Garment

Intertextile Apparel opens next week with strengthened focus on performance, sustainability, and innovation

Opening 25 August at the National Exhibition and Convention Center (Shanghai), Intertextile Shanghai Apparel Fabrics – Autumn Edition 2026 prepares to welcome thousands of global industry players for three days of sourcing, networking, and trend forecasting. Spanning 240,000 sqm, this edition will feature over 3,500 exhibitors from 30 countries and regions, providing a comprehensive platform for fairgoers to explore new products, market directions, and business opportunities across the entire apparel textile value chain – with high-potential segments noticeably magnified.

#Textiles & Apparel / Garment

Asia's fashion extravaganza CENTRESTAGE returns in September

Asia’s premier annual fashion event CENTRESTAGE--organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Government of the Hong Kong Special Administrative Region (HKSAR) will return to the Hong Kong Convention and Exhibition Centre (HKCEC) from 2 to 5 September. One of the flagship programmes of the third "Hong Kong Fashion Fest", CENTRESTAGE will bring together some 270 brands from 24 countries and regions and will feature more than 40 spectacular events, including over 30 fashion shows.

#Textiles & Apparel / Garment

SAITEX reports efficiency gains and greater transparency in 2025 Impact Report

Vietnam-based denim manufacturer SAITEX has published its 2025 Impact Report, documenting progress in resource efficiency, chemical management, digital traceability and knowledge sharing across its manufacturing operations in Vietnam and the United States. Rather than focusing on sustainability ambitions, the report presents operational data, manufacturing developments and lessons learned from the past year.

#Textile chemistry

Fashion for Good launches DW(O)R-X to navigate the emerging landscape of PFAS-free finishes

Fashion for Good announced the launch of Project DW(O)R-X, a collaborative initiative designed to benchmark PFAS alternative durable water- and oil-repellent (DW(O)R) chemistries. Responding to growing market demand for alternatives to PFAS‑based finishes, the project aims to generate reliable, comparable data that can support informed sourcing decisions and the assessment of emerging chemistries.

Latest News

#Yarn & Fiber

Expansive innovations converge in Shanghai as Yarn Expo Autumn 2026 opens doors next week

With just days to go, industry enthusiasm is building for the opening of Yarn Expo Autumn, Asia’s premier yarn and fibre trade fair, running from 25 – 27 August at the National Exhibition and Convention Center (Shanghai). Across 27,000 sqm in Hall 8.2, buyers will find nearly 600 exhibitors from 14 countries and regions, spread across seven specialised zones that range from cutting-edge man-made and regenerated fibres to time-honoured cashmere and silk. Beyond the extensive sourcing options, a fringe programme of trend showcases, presentations and product launches rounds out the three¬day event with design, innovation and market intelligence.

#Carpets

DOMOTEX Southeast Asia 2026 - Building the Gateway to ASEAN's fast-growing flooring market

From 11–13 November 2026, the inaugural DOMOTEX Southeast Asia will take place at BITEC (Bangkok International Trade & Exhibition Centre) in Bangkok, Thailand. Jointly organized by GLOBUS Events Limited and Hannover Milano Fairs Shanghai Ltd., with Worldex G.E.C. Co., Ltd. as the local partner, the exhibition marks the expansion of the internationally recognized DOMOTEX brand into Southeast Asia. As the newest addition to the global DOMOTEX portfolio, the exhibition has been developed specifically to serve the rapidly evolving ASEAN market, creating a dedicated business event for the flooring and interior finishing industry.

#Sustainability

Execs help steer Cascale’s consumer goods agenda in Athens

The 2026 Cascale Annual Meeting, taking place September 15–17 in Athens, Greece, will convene leaders from across the global consumer goods value chain to tackle one of the industry’s defining questions: how to accelerate meaningful, system-wide transformation. Guiding those conversations as this year’s co-chairs are Sean Cady, vice president, global sustainability, responsibility, trade, and government affairs at VF Corporation, and Dr. Delman Lee, vice chair at TAL Apparel Limited.

#Research & Development

MELANGE starts with a co-creative design workshop at Aalto University to shape the visual identity of this new project transforming colouration in textiles

Over the next three years, MELANGE will lower the environmental impact of interior textile production by moving colour design to the beginning of the manufacturing process. This Horizon Europe project officially started on 1 August 2026, and will be publicly launched on 27 August 2026.

TOP