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Culp, Inc. (CULP) CEO Iv Culp on Q2 2022 Results - Earning Calls Transcript

Dec. 02, 2021 2:45 PM ETCulp, Inc. (CULP)
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Culp, Inc. (NYSE:CULP) Q2 2022 Earnings Conference Call December 2, 2021 11:00 AM ET

Company Participants

Dru Anderson – Investor Relations

Iv Culp – President and Chief Executive Officer

Ken Bowling – Chief Financial Officer

Boyd Chumbley – President of our Upholstery Fabrics business

Conference Call Participants

Anthony Lebiedzinski – Sidoti and Company

Budd Bugatch – Water Tower Research

Marco Rodriguez – Stone Capital Markets


Good day, and welcome to the Culp Incorporated Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask question. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to 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 second quarter of fiscal 2022. 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 the non-GAAP financial measurements to the most directly comparable GAAP financial measurements are

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