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CULP INC

culp.com

Culp Inc (NYSE: CULP) is a textile manufacturing company that produces fabrics for mattresses and upholstered furniture. Revenue comes from transactional sales of woven jacquard fabrics, knitted fabrics, and converted fabrics to mattress and furniture manufacturers. The company operates two segments: mattress fabrics and upholstery fabrics. Mattress fabrics manufacturing is centered at an owned facility in Stokesdale, North Carolina, following the closure of a Quebec, Canada plant as part of a fiscal 2025 restructuring. Upholstery fabrics operations include distribution and design centers in North Carolina and Tennessee, plus warehouse and office locations in Shanghai, China. Culp also sources sewn mattress covers through operations in Haiti and Asia. Total net sales for the mattress fabrics segment were $113.9 million for the twelve months ended April 27, 2025, down 2.1% from $116.4 million in the prior year. The company employs approximately 475 workers in the United States and 354 in international locations as of the 10-K filed July 11, 2025. Robert G. Culp, IV serves as Chief Executive Officer.

Products & Services

Woven jacquard fabrics, knitted fabrics, and converted fabrics for mattresses; upholstery fabrics for furniture; sewn mattress covers sourced from Haiti and Asia.

Revenue Model

Transactional sales of mattress fabrics and upholstery fabrics to manufacturers. No subscription or licensing model disclosed in the filing.

Customers & Markets

Mattress manufacturers and upholstered furniture manufacturers. Demand is tied to housing starts, existing home sales, and consumer confidence per the 10-K filed July 11, 2025.

Geographic Exposure

United States (primary manufacturing and distribution in Stokesdale and Burlington, North Carolina; Knoxville, Tennessee), Haiti (sewn mattress cover production), China (upholstery fabrics warehousing and offices in Shanghai), and formerly Canada (Quebec manufacturing facility closed in fiscal 2025).

Financial Snapshot

Revenue
TTM
$203.5M
Gross Margin
TTM
13.65%
Net Income
TTM
-$10.21M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
179.49%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
48.15M
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$9.967M

Stock Price

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Market Cap: $43.629 Million

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