1QF23 Earnings Results: Headline Results Not Pretty and Below Our Formal Estimates Due to Tax; Operating Results Also Not Pretty, but In Line with Our Estimates Overall; Financial Condition Still Solid, Leaving the Ben Graham Investment Thesis Intact
KEY POINTS Finding positives in an earnings report that begins with a 24.6% Y/Y revenue decline and ends with a $5.7 million ($0.47 per share)...
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Updating Estimates After 4Q22 Report
KEY POINTS With this note, we are updating and refreshing our forward estimates for Culp following its 4Q22 results and management conference...
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4Q22 Earnings Results; Modestly Better than the Pre-Release; Still Not Pretty; Dividend Suspension Weighs Heavily
KEY POINTS After market close Wednesday, Culp reported a 4Q22 loss of $0.49 per share, roughly in line with consensus of a loss of $0.50...
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Updating Estimates on Culp, Inc. Following 4Q22 Guidance Revisions: China Lockdowns and Domestic Mattress Weakness Lead to Lowered Expectations
KEY POINTS On April 25, Culp pre-released updated guidance for 4Q22 and FY22, citing COVID-related shutdowns in China and a weak domestic mattress...
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Updating Estimates on Culp, Inc. After 3Q22 Report. Attractively Valued; Dividend Yield Pays for Patience
KEY POINTS We are updating and refreshing our forward estimates for Culp following its 3Q22 earnings report on March 2 and conference call the...
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