And the hospitality furniture market we supply is heavily dependent on discretionary consumer spending on travel and leisure. all of which have been pressured and have impacted purchasing behavior as of late.

Jul 2, 2026 / receipt, needs a key / Iv Culp, CEO | earnings call 2026-07-02 | transcript 67396337-2e33-4a6f-9a1b-83c74da57078 | chars 9214-9422 | segment 9

SG&A expense during the quarter was up compared to the prior year period due mostly to wage inflation and higher personnel costs, an increase in the provision for bad debts, higher travel and trade show costs, and an increase in sampling expense driven by new product rollouts, partially offset by lower incentive compensation expense.

Mar 7, 2024 / receipt, needs a key / Ken Bolling, CFO | earnings call 2024-03-07 | transcript c5101099-8abf-4826-9fb5-dc52d3145dbd | chars 13389-13724 | segment 13

We're getting back on the road again to traveling to customers and shows.

Dec 5, 2023 / receipt, needs a key / Ken Bolling, CFO | earnings call 2023-12-05 | transcript a037ce80-fa70-4c83-8ab3-c386ca1179e4 | chars 32072-32145 | segment 32

And, um, As to the first question, I'd say the strength of the business, there's some contribution both from existing customers as the continuing to benefit from the shift in consumer spending to travel and experiences. It's certainly benefiting that segment and really all customers in that segment.

Jun 29, 2023 / receipt, needs a key / Boyd, other | earnings call 2023-06-29 | transcript 966db9be-5ed1-437e-a338-2609fec696c1 | chars 27246-27546 | segment 26

First, I want to let you all know that Tommy Bruno, president of our Mattress Fabrics business, is unable to join us on the call today, as he is traveling and working on the business. But we do plan to have him join us next quarter.

Mar 2, 2023 / receipt, needs a key / Yves Kolb, CEO | earnings call 2023-03-02 | transcript 68138015-5e90-481e-a22b-6c98dc66431d | chars 2826-3058 | segment 2

And as mentioned earlier, in our hospitality business, we are seeing increasing orders coming in in the hospitality area as travel has started to return.

Sep 2, 2021 / receipt, needs a key / Boyd, other | earnings call 2021-09-02 | transcript 2fa36fdb-2ba0-4fd6-aa43-7d27d74639e2 | chars 22149-22302 | segment 22

We also believe our hospitality business will begin to see improvement if conditions normalize in the travel and leisure industry.

Jun 17, 2021 / receipt, needs a key / Yves Culp, CEO | earnings call 2021-06-17 | transcript cde1991e-b298-4331-b191-f92d57e18536 | chars 5803-5933 | segment 5

This growth was partially offset by lower sales for our hospitality business, which remained under pressure due to pandemic-related disruptions affecting the travel and leisure industries.

Jun 17, 2021 / receipt, needs a key / Yves Culp, CEO | earnings call 2021-06-17 | transcript cde1991e-b298-4331-b191-f92d57e18536 | chars 19675-19863 | segment 19

We are also cautiously optimistic that pent-up demand for travel and leisure activities will benefit our hospitality business, although the timing of this does remain uncertain.

Jun 17, 2021 / receipt, needs a key / Yves Culp, CEO | earnings call 2021-06-17 | transcript cde1991e-b298-4331-b191-f92d57e18536 | chars 20949-21126 | segment 20

As travel has begun to return, and I think expectations would be that travel will be a driver of some more robust sales in that hospitality segment as we go through this year.

Jun 17, 2021 / receipt, needs a key / Yves, CEO | earnings call 2021-06-17 | transcript cde1991e-b298-4331-b191-f92d57e18536 | chars 26358-26533 | segment 26

The current quarter was affected by the unfavorable foreign exchange rate fluctuations I just mentioned, as well as higher SG&A expenses due primarily to increased incentive compensation costs, offset somewhat by lower T&E and marketing expenses, mostly associated with the Pulse Fabric segments.

Mar 4, 2021 / receipt, needs a key / Ken, CFO | earnings call 2021-03-04 | transcript aaf74f4e-0a47-4640-8893-87ee62b9a9f1 | chars 9689-9985 | segment 9

We are also cautiously optimistic that as vaccine rollouts continue, pent-up demand for travel and leisure activities will ultimately benefit our hospitality business, although the timing of this return still remains somewhat uncertain.

Mar 4, 2021 / receipt, needs a key / Ed, CEO | earnings call 2021-03-04 | transcript aaf74f4e-0a47-4640-8893-87ee62b9a9f1 | chars 19690-19926 | segment 19

Looking ahead, we believe that a more meaningful acceleration in bedding demand will depend in part on improvements in broader economic conditions, including factors that influence consumer confidence, housing-related activity, and discretionary spending.

filing / Sep 11, 2026 / receipt

The $40,000 as of August 3, 2025, represents assets held for sale located in the U.S. that related to the restructuring initiative announced on April 24, 2025.

filing / Sep 11, 2026 / receipt

Net sales in our upholstery fabrics segment continued to be affected by challenging macroeconomic conditions, including subdued housing activity, weakened consumer confidence, reduced discretionary spending, and ongoing uncertainty related to trade policies and tariffs, particularly within the residential furniture market, which represents our largest upholstery end-use category.

filing / Sep 11, 2026 / receipt

Since inception of this restructuring initiative, we incurred cumulative restructuring and restructuring related charges totaling $5.3 million, most of which is related to the bedding segment.

filing / Sep 11, 2026 / receipt

Despite the current macroeconomic environment, we have continued to expand our presence in select channels and believe customers increasingly recognize the benefits of our global manufacturing and sourcing platform, including substantial U.S. production capabilities.

filing / Sep 11, 2026 / receipt

On September 9, 2026, the company’s Board of Directors appointed Mary Beth Hunsberger, previously the company’s Chief Operating Officer, to serve as the company’s Chief Financial Officer, Treasurer, principal financial officer, and principal

filing / Sep 11, 2026 / receipt

One of our directors, Fred A. Jackson, is not standing for re-election upon expiration of his current term. Effective as of the commencement of the Annual Meeting

filing / Aug 13, 2026 / receipt

Information concerning our directors, who are each standing for election at the Annual Meeting, is set forth below: FRANKLIN N. SAXON

filing / Aug 13, 2026 / receipt