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Culp, Inc. (CULP) CEO Robert Culp on Q3 2020 Results - Earnings Call Transcript

Mar. 05, 2020 5:29 PM ETCulp, Inc. (CULP)
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Culp, Inc. (NYSE:CULP) Q3 2020 Earnings Conference Call March 5, 2020 11:00 AM ET

Company Participants

Dru Anderson - Senior Vice President and Investor Relations

Robert Culp - President, Chief Executive Officer and Chief Operating Officer

Kenneth Bowling - Senior Vice President, Chief Financial Officer and Treasurer

Boyd Chumbley - President of Culp Upholstery Fabric Division

Conference Call Participants

Robert Griffin - Raymond James & Associates, Inc.

Paul Betz - Stifel, Nicolaus & Company, Inc.

Marco Rodriguez - Stonegate Capital Markets


Good day, and welcome to Culp's Third Quarter 2020 Earnings Conference Call. Today's call is being recorded.

At this time, for opening remarks and introductions, I'd like to turn the call over to Ms. Dru Anderson. Please go ahead.

Dru Anderson

Thank you. Good morning, and welcome to the Culp conference call to review the Company's results for the third quarter of fiscal 2020.

As we start, let me state that this morning's call will contain forward-looking statements about the business, financial condition and prospects of the Company. Forward-looking statements are statements that include projections, expectations or beliefs about future events or results or otherwise are not statements of historical fact. The actual performance of the Company could differ materially from that indicated by the forward-looking statements because of various risks and uncertainties. These risks and uncertainties are described in our regular SEC filings, including the Company's most recent filings on Form 10-K and Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements made today and each such statement speaks only as of today. We undertake no obligation to update or to revise forward-looking statements.

In addition, during this call, the Company will be discussing non-GAAP financial measurements. A reconciliation of these non-GAAP financial measurements to the most directly comparable GAAP financial measurements is included as a

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