The company anticipates break-even to positive adjusted EBITDA next quarter, supported by $7M in tariff refunds.
Culp Inc. expects to achieve break-even or positive adjusted EBITDA in the first quarter of fiscal 2027, driven by $7M in International Emergency Powers Act (IEPA) tariff refunds. The refunds will aid debt reduction efforts as the company builds momentum in key business areas following its fiscal 2026 close.
Management highlighted progress in core operations during the fourth quarter, though specific financial metrics for the period were not disclosed. The $7M refunds represent a one-time benefit, with no prior comparable impact in recent quarters.
No immediate market reaction was detailed in the earnings call insights.