Culp, Inc.
- Open
- 3.09
- Day high
- 3.18
- Day low
- 3.09
- Prev close
- 3.11
- Volume
- 13K
- Mkt cap
- $41M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▲Insiders net buying $14K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions reducing (13F)
Culp, Inc. (CULP) is a Consumer Cyclical company listed on NYSE. The stock is down 21% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Culp, Inc. (CULP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CULP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 12, 2026 | $-0.14 | $-0.23 | -64.3% | $48M | -3.0% |
| Dec 10, 2025 | $-0.18 | $-0.30 | -66.7% | $53M | -1.5% |
| Sep 10, 2025 | $-0.12 | $-0.02 | +83.3% | $51M | -6.7% |
| Jun 25, 2025 | $-0.10 | $-0.06 | +40.0% | $49M | -6.9% |
| Mar 5, 2025 | $-0.24 | $-0.20 | +16.7% | $52M | -6.7% |
| Dec 4, 2024 | $-0.34 | $-0.29 | +14.7% | $56M | -4.0% |
| Sep 4, 2024 | $-0.37 | $-0.37 | +0.0% | $57M | +6.7% |
| Mar 6, 2024 | $-0.16 | $-0.26 | -62.5% | $60M | +8.2% |
| Dec 4, 2023 | $-0.20 | $-0.19 | +5.0% | $59M | +1.6% |
| Aug 30, 2023 | $-0.35 | $-0.24 | +31.4% | $57M | -2.0% |
| Mar 1, 2023 | $-0.74 | $-0.68 | +8.1% | $53M | -6.0% |
| Dec 7, 2022 | $-1.10 | $-0.99 | +10.0% | $58M | +0.9% |
CULP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 6, 2026 | Bruno Thomasofficer: Chief Commercial Officer | Buy | 5,000 | $2.75 |
| Mar 31, 2026 | CULP ROBERT GEORGE IVdirector, officer: President & CEO | Buy | 3,179 | $2.90 |
| Mar 27, 2026 | Gatling Kimberly Bullockdirector | Buy | 1,812 | $2.97 |
| Mar 20, 2026 | Hunsberger Mary Elizabethofficer: Chief Operating Officer | Buy | 1,279 | $3.13 |
| Mar 20, 2026 | CULP ROBERT GEORGE IVdirector, officer: President & CEO | Buy | 2,941 | $3.13 |
| Mar 20, 2026 | Hunsberger Mary Elizabethofficer: Chief Operating Officer | Buy | 3,721 | $3.06 |
| Mar 18, 2026 | CULP ROBERT GEORGE IVdirector, officer: President & CEO | Buy | 4,383 | $3.15 |
| Mar 18, 2026 | CULP ROBERT GEORGE IVdirector, officer: President & CEO | Buy | 4,356 | $3.18 |
| Sep 29, 2025 | Tyson William Ldirector | Grant | 13,064 | — |
| Sep 25, 2025 | Gatling Kimberly Bullockdirector | Option | 9,197 | — |
| Sep 25, 2025 | Jones Alexander Bdirector | Option | 9,197 | — |
| Sep 25, 2025 | JACKSON FRED Adirector | Grant | 14,252 | — |
| Sep 25, 2025 | Jones Alexander Bdirector | Grant | 13,064 | — |
| Sep 25, 2025 | JACKSON FRED Adirector | Option | 10,033 | — |
| Sep 25, 2025 | Baugh John Allenother: Former Director | Option | 9,197 | — |
Source: CULP SEC Form 4 filings, latest Apr 6, 2026. For informational purposes only — not investment advice.
See the full CULP insider & 13F page →Culp, Inc. company profile
Overview
Culp, Inc. (NASDAQ:CULP) is a North Carolina-based textile manufacturer founded in 1972 that specializes in producing fabrics for the bedding and furniture industries. The company went public in 1983 and has established itself as a significant player in the specialized fabric manufacturing sector, operating manufacturing facilities across six countries including the United States, China, Haiti, and other locations in Asia and North America. Culp serves both the mattress and upholstery markets through two distinct business segments, maintaining a global supply chain and manufacturing platform to serve customers worldwide.
Business
Culp operates in the textile manufacturing industry, specifically focusing on specialized fabrics for two primary markets: bedding products and furniture upholstery. The company's business is organized into two main segments that generate roughly equal revenue shares. The Mattress Fabrics segment (approximately 50% of revenue) produces specialized textiles used in bedding products. This division manufactures woven jacquard fabrics, knitted fabrics, and converted fabrics that are used by mattress manufacturers to create the outer coverings and internal components of mattresses, box springs, foundations, and other bedding accessories. These fabrics serve both functional and aesthetic purposes - they must be durable enough to withstand manufacturing processes and consumer use while also providing attractive visual appeal. The segment also produces sewn covers and cut-and-sewn kits, which are pre-assembled fabric components that mattress manufacturers can directly integrate into their production lines. The Upholstery Fabrics segment (approximately 50% of revenue) creates textiles for furniture manufacturers and commercial applications. This division produces a diverse range of fabric types including jacquard woven fabrics, velvets, micro denier suedes (synthetic fabrics that mimic suede leather), woven dobbies (fabrics with small geometric patterns), knitted fabrics, piece-dyed woven products, and polyurethane fabrics. These materials are used to upholster residential furniture such as sofas, recliners, chairs, loveseats, sectionals, and sofa-beds, as well as commercial office seating and window treatments. A significant portion of this segment's business (approximately 33% of segment sales) comes from hospitality contract work, where the company provides fabrics and installation services for hotels, restaurants, and other commercial establishments. The textile manufacturing industry requires significant technical expertise in fabric construction, dyeing processes, and quality control. Fabrics must meet specific performance standards for durability, colorfastness, fire resistance, and other regulatory requirements depending on their end use application.
Revenue model
Culp generates revenue primarily through direct product sales to manufacturers in the bedding and furniture industries. The company operates as a business-to-business supplier, selling fabrics and related products to mattress manufacturers, furniture manufacturers, and commercial contractors who then incorporate these materials into finished consumer products. The business model centers on manufacturing specialized textiles at scale across a global platform of production facilities. Revenue comes from selling finished fabrics by the yard or meter, as well as value-added services like pre-cut fabric kits and sewn covers that reduce manufacturing complexity for customers. In the upholstery segment, the company also generates service revenue through installation work for hospitality and commercial clients. Pricing strategies vary by segment, with the company implementing strategic pricing actions and surcharges to offset raw material cost inflation. The mattress fabrics business has historically struggled with low-margin legacy products, which management has been working to rationalize in favor of higher-value offerings. Several factors significantly impact the company's margins. Raw material costs for synthetic fibers, cotton, and other textile inputs directly affect profitability, as do labor costs across the global manufacturing footprint. Ocean freight and logistics costs have been particularly volatile, impacting the economics of the international supply chain. Production efficiency is crucial given the capital-intensive nature of textile manufacturing - underutilized capacity severely impacts unit economics. Product mix is also critical, as specialty and innovative fabrics command higher margins than commodity products. Industry demand cycles in both bedding and furniture markets create volume volatility that affects fixed cost absorption. The company's global manufacturing platform provides some hedge against currency fluctuations and regional cost variations, but also creates complexity in managing operations across multiple countries with different regulatory and economic environments.
Competitive moat
Culp's competitive position appears relatively weak with limited sustainable competitive advantages. The company operates in mature, commodity-adjacent markets where differentiation is challenging to achieve and maintain. The company's primary competitive assets include its global manufacturing platform spanning six countries, which provides supply chain flexibility and potentially lower costs than purely domestic competitors. This geographic diversification offers some resilience against regional disruptions and allows for optimization of labor and material costs. The company has also developed some technical expertise in specialized fabric construction, particularly in performance fabrics like its LiveSmart portfolio that offers stain resistance and other enhanced properties. However, these advantages are not particularly durable. The textile manufacturing industry has low barriers to entry for basic products, and much of Culp's production appears to involve standard fabric types that can be replicated by competitors. The company faces competition from both domestic manufacturers and lower-cost international producers, particularly from Asia. Large furniture and mattress manufacturers have significant bargaining power and can relatively easily switch suppliers, limiting Culp's pricing power. The company's struggles with profitability, particularly in the mattress fabrics segment, suggest that competitive pressures are intense and that Culp has not been able to establish a strong value proposition that commands premium pricing. The ongoing transformation efforts in the mattress fabrics business indicate that the company has been competing primarily on price rather than differentiated value, which is not a sustainable long-term strategy for a U.S.-based manufacturer facing lower-cost international competition. The hospitality contract business within the upholstery segment may offer somewhat better competitive positioning due to the service component and relationship-based sales, but this represents only about one-third of one segment's revenue and is not large enough to fundamentally change the company's competitive dynamics.
Risks & safety
The company's margin of safety appears limited with concerning financial trends, though the balance sheet provides some cushion. • Cash and Liquidity: $5.3 million cash as of Q3 2024, down from $10.5 million in Q2 2024, indicating rapid cash burn. Total liquidity of approximately $41 million including credit facilities provides some buffer. • Cash Burn: Negative free cash flow of $7.7 million in Q3 2024 and negative operating cash flow of $6.8 million. Company has burned cash in recent quarters, raising sustainability concerns. • Debt Level: Relatively low debt-to-equity ratio of 0.18, indicating conservative capital structure. No significant debt burden constraining operations. • Profitability: Negative EBITDA of $2.3 million in Q3 2024 and operating losses across recent quarters. Company has not achieved consistent profitability. • Valuation Metrics: Trading at negative P/E ratios due to losses. Price-to-book ratio of 1.1 suggests modest valuation relative to book value, but book value may not reflect economic reality given ongoing losses. • Working Capital: Current ratio of 1.68 indicates adequate short-term liquidity, though declining from higher levels in prior quarters. • Other Considerations: Management expects return to profitability in fiscal 2025, but execution risk is high given the extended period of losses and challenging industry conditions.
Recent development
Over the past few years, Culp has undergone significant strategic restructuring efforts, particularly focused on transforming its struggling mattress fabrics business. The company brought in new leadership for the mattress fabrics segment and implemented a comprehensive business transformation plan targeting quality improvement, sales and marketing process enhancement, supply chain optimization, and organizational restructuring. A key strategic initiative has been the rationalization of underperforming product lines, particularly legacy low-margin products in the mattress fabrics segment that were dragging down overall profitability. Management has been systematically working through unproductive SKUs and replacing them with higher-value offerings, expecting to address about one-third of the product portfolio within 1-2 quarters. The company has also invested in expanding its global manufacturing capabilities, including opening a new facility in Haiti to diversify its supply chain beyond China and reduce dependence on any single geographic region. This expansion supports the company's strategy of maintaining flexible, cost-effective production capabilities across multiple countries. In the upholstery fabrics segment, Culp has focused on growing its hospitality contract business, which has proven more resilient and profitable than residential furniture applications. The company has continued to innovate with performance fabric offerings like its LiveSmart portfolio, which provides stain resistance and other enhanced properties that command premium pricing. Recent quarters have seen some operational improvements, with the mattress fabrics segment showing reduced losses and the upholstery segment returning to profitability. However, the company has faced headwinds from unexpected weakness in industry demand and has had to adjust expectations for returning to overall profitability, now targeting fiscal 2025 rather than the second half of fiscal 2024 as previously anticipated.
CULP company profile · for informational purposes only — not investment advice.
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