Company: CULP
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0000950170-25-109242
Chunk: 87

Company: CULP INC
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 87
---
 27262.

<div align='center'>62</div>

APPENDIX A RECONCILIATION OF SELECTED INCOME STATEMENT INFORMATION TO ADJUSTED RESULTS FOR THE TWELVE MONTHS ENDED APRIL 27, 2025, AND APRIL 28, 2024 UNAUDITED (AMOUNTS IN THOUSANDS)

|                                     |     | As Reported 
 2025        | April 27, |   |     | Adjustments |       |     | Adjusted Results 
 2025             | April 27, |   |
|:------------------------------------|:----|:------------|----------:|:--|:----|:------------|------:|:----|:-----------------|----------:|:--|
| Net sales                           |     | $           |   213,237 |   |     |             |     — |     | $                |   213,237 |   |
| Cost of sales (1)                   |     |             |  (188,170 | ) |     |             | 1,621 |     |                  |  (186,549 | ) |
| Gross profit                        |     |             |    25,067 |   |     |             | 1,621 |     |                  |    26,688 |   |
| Selling, general and administrative 
 expenses                            |     |             |   (35,705 | ) |     |             |     — |     |                  |   (35,705 | ) |
| Restructuring expense (2)           |     |             |    (7,739 | ) |     |             | 7,739 |     |                  |         — |   |
| Loss from operations                |     | $           |   (18,377 | ) |     |             | 9,360 |     | $                |    (9,017 | ) |

Notes (1) During the twelve months ended April 27, 2025, cost of sales included a restructuring related charge of $1.6 million for losses on the disposal, valuation, and markdowns of inventory related to the closure of the company's manufacturing facility located in Canada. (2) During the twelve months ended April 27, 2025, restructuring expense of $7.7 million represents costs associated with (i) consolidating the company's North American mattress fabrics operations, including the closure of the company's mattress fabrics manufacturing facility located in