Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and top of bed components. The Upholstery Fabrics segment provides jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane fabrics for use in the production of residential and commercial upholstered furniture, such as sofas, recliners, chairs, loveseats, sectionals, and sofa-beds, as well as office seating and window treatment products; and installation services. Culp, Inc. was founded in 1972 and is headquartered in High Point, North Carolina.
IPO Year:
Exchange: NYSE
Website: culp.com
Culp, Inc. (the Company) (NYSE:CULP) today announced that it has entered into a cooperation agreement with 22NW, LP, one of the Company's largest shareholders. Pursuant to the agreement, the Company will add Mr. Alexander B. Jones to the board, effectively immediately, and Mr. Jones will serve as a nominee to its slate of directors at the September 2024 Annual Shareholders Meeting. Mr. Jones is a Vice President and Sr. Research Analyst at 22NW where he oversees the firm's investments in the industrials, materials, and consumer sectors. Mr. Jones is currently an Independent Director at the L.B Foster Company, (NASDAQ:FSTR). Franklin Saxon, Culp, Inc. Chairman of the Board of Directors, c
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Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends. As an initial step in this integration, the Company will close the leased facility ope
Culp, Inc. (NYSE:CULP) ("CULP" or the "company"), a leading marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the election of William L. Tyson to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305577036/en/Culp, Inc. announced the election of William L. Tyson to its Board of Directors. (Photo: Business Wire) Mr. Tyson brings to the company over 30 years of experience across the investment banking and capital markets and has served in executive leadership and strategic development roles for some of the largest banks and financial ins
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP" or the "company") today reported financial and operating results for the third quarter ended January 26, 2025. Fiscal 2025 Third Quarter Financial Highlights Consolidated net sales of $52.3 million - Down 6.1 percent compared sequentially to last quarter, with mattress fabrics sales down 4.8 percent and upholstery fabrics sales down 7.8 percent Continued improvement in mattress fabrics operating performance, with a 58.3 percent sequential reduction in operating loss on lower sales (following a 70.7 percent sequential reduction last quarter) Continued profitability in upholstery fabrics segment in extremely
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2025 conference call on Thursday, March 6, 2025, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 26, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, March 5, 2025. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 6, 2025, beginning at 9:00 a.m. ET. An online replay of the call
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 27, 2024. Fiscal 2025 Second Quarter Financial Highlights Consolidated net sales of $55.7 million mattress fabrics segment sales up 7.1 percent sequentially 70.7 percent sequential reduction in mattress fabrics operating loss as restructuring progresses; upholstery fabrics segment continues to be profitable in challenging industry environment GAAP consolidated loss from operations of $(5.4) million (includes $2.8 million in restructuring expense and related charges) Non-GAAP loss from operations of $(2.6) million (
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2025 conference call on Thursday, December 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 27, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, December 4, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, December 5, 2024, beginning at 9:00 a.m. ET. An online replay o
Provides Update on Restructuring and Improved Financial Outlook Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the first quarter ended July 28, 2024. Fiscal 2025 First Quarter Financial Highlights Consolidated net sales of $56.5 million - up 14.2% compared sequentially to last quarter - sequentially, upholstery fabrics segment sales up 19.7% and inventory down 4.6%, mattress fabrics segment sales up 9.0% and inventory down 8.6% Year-over-year and sequential operating improvement in upholstery fabrics segment - segment operating income of $1.7 million, up 28.9% year-over-year and 75.6% sequentially -
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2025 conference call on Thursday, September 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, September 4, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, September 5, 2024, beginning at 9:00 a.m. ET. An online replay of
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effective July 27, 2024, following the planned succession of retiring division president, Boyd Chumbley. Hunsberger joined CULP in January 2024 as the Executive Vice President of the division and has worked closely with Chumbley over the past six months. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722217480/en/Culp, Inc. announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effe
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. Fiscal 2024 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2024 were $49.5 million, down 19.4 percent compared with the prior-year period, with mattress fabrics sales down 16.1 percent, and upholstery fabrics sales down 22.6 percent. Loss from operations was $(4.2) million (which included $204,000 in restructuring expense during the period), compared with a loss from operations of $(4.0) million for the prior-year period (which included $70,000 in restructuring expense dur
Culp, Inc. (NYSE:CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the strategic transformation of its operating model to further position the Company for flexibility and growth. The Company will combine its two stand-alone operating divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single, integrated business designed to optimize operational agility and collaboration, further streamline costs and processes across its business, and, most importantly, increase responsiveness to customer needs and market trends. As an initial step in this integration, the Company will close the leased facility ope
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP" or the "company") today reported financial and operating results for the third quarter ended January 26, 2025. Fiscal 2025 Third Quarter Financial Highlights Consolidated net sales of $52.3 million - Down 6.1 percent compared sequentially to last quarter, with mattress fabrics sales down 4.8 percent and upholstery fabrics sales down 7.8 percent Continued improvement in mattress fabrics operating performance, with a 58.3 percent sequential reduction in operating loss on lower sales (following a 70.7 percent sequential reduction last quarter) Continued profitability in upholstery fabrics segment in extremely
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2025 conference call on Thursday, March 6, 2025, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the third quarter ended January 26, 2025. A press release announcing these results will be issued after the close of market trading on Wednesday, March 5, 2025. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, March 6, 2025, beginning at 9:00 a.m. ET. An online replay of the call
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the second quarter ended October 27, 2024. Fiscal 2025 Second Quarter Financial Highlights Consolidated net sales of $55.7 million mattress fabrics segment sales up 7.1 percent sequentially 70.7 percent sequential reduction in mattress fabrics operating loss as restructuring progresses; upholstery fabrics segment continues to be profitable in challenging industry environment GAAP consolidated loss from operations of $(5.4) million (includes $2.8 million in restructuring expense and related charges) Non-GAAP loss from operations of $(2.6) million (
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its second quarter fiscal 2025 conference call on Thursday, December 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the second quarter ended October 27, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, December 4, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, December 5, 2024, beginning at 9:00 a.m. ET. An online replay o
Provides Update on Restructuring and Improved Financial Outlook Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the first quarter ended July 28, 2024. Fiscal 2025 First Quarter Financial Highlights Consolidated net sales of $56.5 million - up 14.2% compared sequentially to last quarter - sequentially, upholstery fabrics segment sales up 19.7% and inventory down 4.6%, mattress fabrics segment sales up 9.0% and inventory down 8.6% Year-over-year and sequential operating improvement in upholstery fabrics segment - segment operating income of $1.7 million, up 28.9% year-over-year and 75.6% sequentially -
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its first quarter fiscal 2025 conference call on Thursday, September 5, 2024, at 9:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the first quarter ended July 28, 2024. A press release announcing these results will be issued after the close of market trading on Wednesday, September 4, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Thursday, September 5, 2024, beginning at 9:00 a.m. ET. An online replay of
Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today reported financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. Fiscal 2024 Fourth Quarter Financial Summary Net sales for the fourth quarter of fiscal 2024 were $49.5 million, down 19.4 percent compared with the prior-year period, with mattress fabrics sales down 16.1 percent, and upholstery fabrics sales down 22.6 percent. Loss from operations was $(4.2) million (which included $204,000 in restructuring expense during the period), compared with a loss from operations of $(4.0) million for the prior-year period (which included $70,000 in restructuring expense dur
Culp, Inc. (NYSE:CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its fourth quarter and fiscal 2024 conference call on Friday, June 28, 2024, at 11:00 a.m. ET. During this call, Culp will review the company's financial and operating results for the fourth quarter and fiscal year ended April 28, 2024. A press release announcing these results will be issued after the close of market trading on Thursday, June 27, 2024. The live webcast of Culp's conference call will be available under the "Upcoming Events" section on the Investor Relations page of the company's website, www.culp.com, on Friday, June 28, 2024, beginning at 11:00 a.m. ET. An online re
Expect to achieve $10.0 - $11.0 million in annualized savings and operating improvements with restructuring initiatives Expect a return to break even operating results at current industry demand levels post restructuring Cash restructuring charges (estimated at $2.5 million) expected to be funded with proceeds from equipment sales Anticipate receiving at least $10.0 to $12.0 million in cash proceeds (net of all taxes and commissions) from sale of real estate associated with restructuring plan Culp, Inc. (NYSE:CULP) (together with its consolidated subsidiaries, "CULP") today announced a major restructuring plan designed to reduce costs, improve asset utilization, and drive perfo