Jul. 2 at 2:00 PM
$CULP is a
$40M market cap company that just collected a
$7M tariff refund — that’s ~18% of the ENTIRE market cap in cash, banked in Q1. Net debt drops to ~
$5M.
Add the operating turn: Q4 sales +6%, bedding +12.5% YoY, adj EBITDA up 74% QoQ, restructuring complete with
$20M+ annualized savings, guiding breakeven-to-positive EBITDA next quarter. At 0.2x sales, the refund alone is a repricing event. 🔥
Today’s gainers by size:
$NEXA (
$1.9B)
$COLL (
$1.2B)
$CTNM (
$610M)
$WHWK (
$230M)
Risk appetite is running down the cap stack. 📈
