Culp Says Due To Further Weakness In Industry Demand, The Company's Consolidated Net Sales For Q4 2024 Are Now Expected To Be ~19% Lower YoY
Culp Says Due To Further Weakness In Industry Demand, The Company's Consolidated Net Sales For Q4 2024 Are Now Expected To Be ~19% Lower YoY
Updated Financial Outlook for the Fourth Quarter of Fiscal 2024
2024财年第四季度最新财务展望
In addition, the company is updating its previously stated financial outlook for the fourth quarter of fiscal 2024. Due to further weakness in industry demand, the company's consolidated net sales for the fourth quarter are now expected to be approximately 19.0 percent lower as compared to the fourth quarter of fiscal 2023. The company also now expects a consolidated operating loss (loss from operations) for the fourth quarter of fiscal 2024 in the range of $(4.2) million to $(4.7) million. Additionally, the company expects to end the fiscal year with approximately $10.0 million in cash and cash equivalents and no outstanding borrowings. The financial results for the fourth quarter and full fiscal 2024 year will be released on or about June 26, 2024.
此外，该公司正在更新其先前公布的2024财年第四季度的财务展望。由于行业需求进一步疲软，与2023财年第四季度相比，该公司第四季度的合并净销售额预计将下降约19.0％。该公司现在还预计，2024财年第四季度的合并营业亏损（运营亏损）在420万美元至470万美元（470万美元）之间。此外，该公司预计在本财年结束时将有约1,000万美元的现金和现金等价物，没有未偿借款。第四季度和2024财年全年的财务业绩将在2024年6月26日左右公布。
译文内容由第三方软件翻译。