share_log

Culp Says "Due To The Significant Restructuring Activity Underway, The Co Is Only Providing Limited Financial Guidance At This Time. Consolidated Net Sales For Q2 Expected To Be Flat Sequentially"

Benzinga ·  Sep 5 04:39

Financial Outlook

  • Due to the significant restructuring activity underway, the company is only providing limited financial guidance at this time.

    - Consolidated net sales for second quarter expected to be flat sequentially

    - As a result of the restructuring initiatives, currently expect to return to near break-even adjusted EBITDA (excluding restructuring and related charges) in the second quarter of fiscal 2025, and to return to positive consolidated adjusted operating income (excluding restructuring and related charges) in the third quarter of fiscal 2025.
  • The company's expectations are based on information available at the time of this press release and reflect certain assumptions by...
Login or create a forever free account to read this news
Sign up/Log in
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment