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年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
由於需求疲軟，第四季度淨銷售額下降了19.4％，至4,950萬美元。
財年營業虧損爲1,130萬美元，包括重組成本。
Business Progress:
業務進展：
Comprehensive restructuring focusing on Mattress Fabrics segment to cut costs.
Launched new roller shade capacity to expand hospitality and window treatments.
以牀墊面料板塊爲重點的全面重組以削減成本。
推出了新的遮陽捲簾容量，以擴大酒店和窗戶裝飾。
Opportunity:
機會：
Restructuring aims for $10-11 million in annual savings, targeting profitability in H2 FY'25.
Emphasizing innovation and new product placements to spur growth.
重組的目標是每年節省1,000萬至1100萬美元，目標是在25財年下半年實現盈利。
強調創新和新產品投放以刺激增長。
Risk:
風險：
Lower demand in consumer markets affecting sales and efficiency.
Need to adapt to macroeconomic pressures through restructuring efforts.
消費市場需求下降影響銷售和效率。
需要通過結構調整努力適應宏觀經濟壓力。
Financial Performance:
財務業績：
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.報告稱，受行業需求疲軟的推動，第四季度淨銷售額下降19.4％，至4,950萬美元。
本季度總營業虧損420萬美元，包括20.4萬美元的重組費用。
整個財年的銷售總額爲2.253億美元，同比下降4.1％。
財年營業虧損爲1,130萬美元，重組費用爲67.6萬美元。
該季度的淨虧損爲490萬美元，攤薄後每股虧損0.39美元。
第四季度調整後的息稅折舊攤銷前利潤爲負340萬美元。
年底的現金總額爲1000萬美元，沒有未償債務。
Business Progress:
業務進展：
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正在進行全面重組，主要側重於牀墊面料領域，以使製造成本與需求保持一致，預計將在2025財年末完成。
在北卡羅來納州推出了新的捲簾產能，預計將擴大酒店面料和窗簾業務。
室內裝飾面料板塊繼續在酒店業表現強勁，佔第四季度該細分市場銷售額的38％。
牀墊面料的淨銷售額爲2580萬美元，下降16.1％，該季度的營業虧損爲290萬美元。
Opportunities:
機會：
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正在進行重組，以優化運營並降低固定成本，預計將產生1,000萬至1100萬美元的年化儲蓄，目標是在市場需求不變的情況下在25財年下半年恢復盈利。
繼續強調各業務領域的創新和新產品投放，以推動未來增長。
Risks:
風險：
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.
住宅和非必需消費品市場的需求減少影響了銷售和運營效率。
作爲重組工作的一部分，必須快速有效地適應持續的宏觀經濟壓力和行業需求。
More details: Culp Inc IR
更多詳情： Culp Inc IR
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