With four decades of innovation and quality, Culp (NYSE: CFI) supplies a wide range of mattress and upholstery fabrics across the globe. From our headquarters in High Point, NC, we carefully manage a fully integrated platform of manufacturing and distribution facilities strategically located in the U.S., China, and Canada. Our robust supply chain allows us to quickly respond to the needs of our customers. We deliver fashion-forward, stylish fabrics with broad appeal to the largest home furnishing retailers and manufacturers.

Culp has evolved from a regional supplier to a global partner for a wide range of customers. Founded by Robert G. Culp, Jr. in 1972, Culp’s focus on continuous improvement in its manufacturing operations and a trend-savvy design team helps customers drive sales and grow market share on a global basis. At Culp, everything we do, from logistics to quality control, reflects a clear understanding of our customer’s business objectives.

Type
Public
HQ
High Point, US
Founded
1972
Size (employees)
1,217 (est)
Culp was founded in 1972 and is headquartered in High Point, US

Culp Office Locations

Culp has an office in High Point
High Point, US (HQ)
1823 Eastchester Dr

Culp Metrics

Culp Financial Metrics

Revenue (2016)

$312.9 m

Revenue growth (2015-16), %

1%

Gross profit

$252.2 m

Gross profit margin (2016), %

81%

Net income (2016)

$16.9 m

Market capitalization (21-Mar-2017)

$387.3 m

Closing share price (21-Mar-2017)

$31.8

Cash (01-May-2016)

$37.8 m
Culp's current market capitalization is $387.3 m.
Culp's revenue was reported to be $312.9 m in FY, 2016 which is a 0.9% increase from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$287.2 m$310.2 m$312.9 m

Revenue growth, %

8%1%

Cost of goods sold

$62.3 m$62.7 m$60.6 m

Gross profit

$224.9 m$247.5 m$252.2 m

Gross profit Margin, %

78%80%81%

EBIT

$4.4 m$6.6 m$7.4 m

EBIT margin, %

2%2%2%

Interest income

$139 k$143 k$26 k

Pre tax profit

$4.1 m$6.7 m$7.2 m

Net Income

$17.4 m$15.1 m$16.9 m
FY, 2014FY, 2015FY, 2016

Cash

$29.3 m$29.7 m$37.8 m

Accounts Receivable

$27.4 m$28.7 m$23.5 m

Inventories

$40.7 m$42.5 m$46.5 m

Current Assets

$112.4 m$118.4 m$114.8 m

PP&E

$31.4 m$36.1 m$40 m

Goodwill

$11.5 m$11.5 m$11.5 m

Total Assets

$160.9 m$171.4 m$175.1 m

Accounts Payable

Current Liabilities

$38.8 m$43.1 m$36.3 m

Total Equity

$111.7 m$119.4 m$128.8 m

Financial Leverage

1.4 x1.4 x1.4 x
FY, 2014FY, 2015FY, 2016

Net Income

$17.4 m$15.1 m$16.9 m

Depreciation and Amortization

$5.3 m$5.8 m$6.7 m

Accounts Receivable

($3.9 m)($1.6 m)$4.5 m

Inventories

($2.2 m)($1.9 m)($4.4 m)

Accounts Payable

Cash From Operating Activities

$20.2 m$26.1 m$26.8 m

Capital Expenditures

($5.3 m)($10.5 m)($11.5 m)

Cash From Investing Activities

($9.4 m)($14.8 m)($7.4 m)

Long-term Borrowings

($2.2 m)($2.2 m)($2.2 m)

Dividends Paid

($2.2 m)($7.6 m)($8.1 m)

Income Taxes Paid

$342 k($163 k)$91 k

Free Cash Flow

$25.5 m$36.6 m$38.3 m

Culp Market Value History

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Culp Company Life

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