Earnings Call Summary | Culp Inc(CULP.US) Q4 2024 Earnings Conference
Earnings Call Summary | Culp Inc(CULP.US) Q4 2024 Earnings Conference
The following is a summary of the Culp, Inc. (CULP) Q4 2024 Earnings Call Transcript:
以下是Culp, Inc.（CULP）2024年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Net sales decreased by 19.4% to $49.5 million in Q4 from weak demand.
Fiscal year operating loss of $11.3 million, including restructuring costs.
由于需求疲软，第四季度净销售额下降了19.4％，至4,950万美元。
财年营业亏损为1,130万美元，包括重组成本。
Business Progress:
业务进展：
Comprehensive restructuring focusing on Mattress Fabrics segment to cut costs.
Launched new roller shade capacity to expand hospitality and window treatments.
以床垫面料板块为重点的全面重组以削减成本。
推出了新的遮阳卷帘容量，以扩大酒店和窗户装饰。
Opportunity:
机会：
Restructuring aims for $10-11 million in annual savings, targeting profitability in H2 FY'25.
Emphasizing innovation and new product placements to spur growth.
重组的目标是每年节省1,000万至1100万美元，目标是在25财年下半年实现盈利。
强调创新和新产品投放以刺激增长。
Risk:
风险：
Lower demand in consumer markets affecting sales and efficiency.
Need to adapt to macroeconomic pressures through restructuring efforts.
消费市场需求下降影响销售和效率。
需要通过结构调整努力适应宏观经济压力。
Financial Performance:
财务业绩：
Culp Inc. reported a net sales decrease of 19.4% to $49.5 million in Q4, driven by weak industry demand.
Gross operating loss of $4.2 million this quarter, including restructuring expenses of $204,000.
Full fiscal year sales totaled $225.3 million, down 4.1% year-over-year.
Fiscal year operating loss was $11.3 million, with $676,000 in restructuring expenses.
Net loss for the quarter was $4.9 million, $0.39 per diluted share.
Adjusted EBITDA for the Q4 period was a negative $3.4 million.
Total cash at year-end was $10 million, with no outstanding debt.
Culp Inc.报告称，受行业需求疲软的推动，第四季度净销售额下降19.4％，至4,950万美元。
本季度总营业亏损420万美元，包括20.4万美元的重组费用。
整个财年的销售总额为2.253亿美元，同比下降4.1％。
财年营业亏损为1,130万美元，重组费用为67.6万美元。
该季度的净亏损为490万美元，摊薄后每股亏损0.39美元。
第四季度调整后的息税折旧摊销前利润为负340万美元。
年底的现金总额为1000万美元，没有未偿债务。
Business Progress:
业务进展：
Culp is undergoing comprehensive restructuring primarily focusing on the Mattress Fabrics segment to align manufacturing costs with demand, anticipated to complete by the end of fiscal 2025.
Launched new roller shade capacity in North Carolina, expected to expand the Hospitality Fabric and Window Treatment businesses.
Upholstery Fabrics segment continues strong performance in hospitality, contributing 38% to segment sales in Q4.
Net sales for Mattress Fabrics were $25.8 million, down 16.1%, with operating loss of $2.9 million for the quarter.
Culp正在进行全面重组，主要侧重于床垫面料领域，以使制造成本与需求保持一致，预计将在2025财年末完成。
在北卡罗来纳州推出了新的卷帘产能，预计将扩大酒店面料和窗帘业务。
室内装饰面料板块继续在酒店业表现强劲，占第四季度该细分市场销售额的38％。
床垫面料的净销售额为2580万美元，下降16.1％，该季度的营业亏损为290万美元。
Opportunities:
机会：
Culp is restructuring to optimize operations and reduce fixed costs, expected to generate $10-11 million in annualized savings, aiming to return to profitability in the second half of fiscal '25 without a change in market demand.
Continued emphasis on innovation and new product placements across business segments to drive future growth.
Culp正在进行重组，以优化运营并降低固定成本，预计将产生1,000万至1100万美元的年化储蓄，目标是在市场需求不变的情况下在25财年下半年恢复盈利。
继续强调各业务领域的创新和新产品投放，以推动未来增长。
Risks:
风险：
Lower demand in residential and consumer discretionary markets impacting sales and operating efficiencies.
The necessity to adapt quickly and effectively to the ongoing macroeconomic pressures and industry demands as part of the restructuring efforts.
住宅和非必需消费品市场的需求减少影响了销售和运营效率。
作为重组工作的一部分，必须快速有效地适应持续的宏观经济压力和行业需求。
More details: Culp Inc IR
更多详情： Culp Inc IR
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