{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-386522","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2026-09-09T20:35:23+00:00","discovered_at":"2026-09-09T20:36:00.998785+00:00","generated_at":"2026-09-09T20:36:07.234692+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Culp Q1 FY2027 sales up 6.5% to $54M; net income $6M vs loss; net debt down 70%","bullets":["Consolidated net sales $54.0M, up 6.5% YoY; bedding segment sales up 13.2% to $31.8M despite one less selling week.","GAAP net income $6.0M ($0.47 diluted EPS) vs net loss $231K; adjusted EBITDA $566K vs negative $938K.","Net debt reduced over 70% to $3.1M from $10.9M at FY2026 year-end; cash $10.2M, total liquidity $29.4M.","Adjusted gross profit $8.4M (15.6% of sales) up ~17% YoY; adjusted operating loss narrowed to $271K from $1.9M.","Q2 guidance: expects break-even operating income, consistent sequential sales, continued net debt improvement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-386522","json":"https://secwatch.observer/filing/0001193125-26-386522.json","markdown":"https://secwatch.observer/filing/0001193125-26-386522.md","text":"https://secwatch.observer/filing/0001193125-26-386522.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000119312526386522/0001193125-26-386522-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000119312526386522/culp-20260910.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-09T20:36:07.234692+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}