Reported Earnings • Jul 02
Full year 2026 earnings released: US$0.81 loss per share (vs US$1.53 loss in FY 2025) Full year 2026 results: US$0.81 loss per share (improved from US$1.53 loss in FY 2025). Revenue: US$203.5m (down 4.6% from FY 2025). Net loss: US$10.2m (loss narrowed 47% from FY 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Duyuru • Jul 02
Culp, Inc. Provides Consolidated Earnings Guidance for the First Quarter of Fiscal Year 2027 Culp, Inc. provided consolidated earnings guidance for the first quarter of fiscal year 2027. For the year, the company consolidated sales for the first quarter of fiscal year 2027 are expected to moderately improve sequentially and compared to the prior-year period in what is likely to remain a challenged demand environment for home furnishings. Duyuru • Jun 26
Culp, Inc. to Report Q4, 2026 Results on Jul 01, 2026 Culp, Inc. announced that they will report Q4, 2026 results After-Market on Jul 01, 2026 Duyuru • Mar 12
Culp, Inc. Provides Earnings Guidance for the Fourth quarter of Fiscal Year 2026 Culp, Inc. provided earnings guidance for the Fourth quarter of Fiscal Year 2026 . For The quarter, Company expects sequential consolidated sales growth, with solid expectations for the bedding segment despite what is anticipated to remain a challenged demand environment for home furnishings. Duyuru • Mar 07
Culp, Inc. to Report Q3, 2026 Results on Mar 11, 2026 Culp, Inc. announced that they will report Q3, 2026 results After-Market on Mar 11, 2026 Duyuru • Jan 28
Culp, Inc. Announces Appointment of Mark Wilson as Director and Strategy Committee Member, Effective January 23, 2026 Culp, Inc. elected Mark Wilson as a director, effective January 23, 2026, to fill the vacancy created by the resignation of Alexander B. Jones from the Board on December 11, 2025. The Board has appointed Mr. Wilson to serve as a member of the Strategy Committee. Mr. Wilson has served as General Counsel for 22NW Fund, LP since 2024. The Board affirmatively determined that Mr. Wilson is independent under the Company's Corporate Governance Guidelines and applicable rules of the New York Stock Exchange. Duyuru • Dec 11
Culp, Inc. Provides Earnings Guidance for the Fiscal Year 2026 Culp, Inc. provided earnings guidance for the fiscal year 2026. Due to macroeconomic uncertainty and the fluid global trade and tariff environment, the Company is providing only limited forward guidance. The Company’s expectations are based on information available at the time of this press release and reflect certain assumptions by management regarding the Company’s business and industry trends, the projected impact of restructuring and integration initiatives, and ongoing market headwinds. The Company's expectations also assume no further meaningful impacts from tariffs and trade negotiations. The Company expects steady consolidated sales performance throughout the remainder of fiscal 2026, with higher expectations for the bedding segment, given what is anticipated to remain a challenged demand environment for home furnishings. The Company expects the cost and efficiency benefits of its continuing restructuring and division integration initiatives, along with recent pricing action, to drive improving gross profit and lower SG&A, resulting in continued significant improvement in operating loss and near break-even to positive adjusted EBITDA for the third quarter. Duyuru • Dec 06
Culp, Inc. to Report Q2, 2026 Results on Dec 10, 2025 Culp, Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Dec 10, 2025 Duyuru • Sep 05
Culp, Inc. to Report Q1, 2026 Results on Sep 10, 2025 Culp, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Sep 10, 2025 Duyuru • Aug 18
Culp, Inc., Annual General Meeting, Sep 24, 2025 Culp, Inc., Annual General Meeting, Sep 24, 2025. Location: 410 w. english road, north carolina 27262, high point United States Duyuru • Jun 21
Culp, Inc. to Report Second Half, 2025 Results on Jun 25, 2025 Culp, Inc. announced that they will report second half, 2025 results on Jun 25, 2025 Duyuru • May 13
An undisclosed buyer completed the acquisition of Canadian mattress fabrics facility of Culp, Inc. (NYSE:CULP). An undisclosed buyer entered into an agreement to acquire the Canadian mattress fabrics facility of Culp, Inc. (NYSE:CULP) on January 26, 2025. Assuming completion, we intend to use the cash proceeds to pay off outstanding borrowings and further bolster our liquidity. The transaction is expected to be completed in the upcoming months.
An undisclosed buyer completed the acquisition of Canadian mattress fabrics facility of Culp, Inc. (NYSE:CULP) for CAD 8.6 million on May 12, 2025. Duyuru • Mar 07
Culp, Inc. Reports Unaudited Impairment Charges Related to Fixed Assets for the Three Months Ended January 26, 2025 Culp, Inc. reported unaudited impairment charges related to fixed assets for the three months ended January 26, 2025. For the period, the company reported total impairment charges related to fixed assets of $25,000. Duyuru • Mar 01
Culp, Inc. to Report Q3, 2025 Results on Mar 05, 2025 Culp, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 05, 2025 Duyuru • Dec 05
Culp, Inc. Provides Consolidated Earnings Guidance for the Third Quarter of 2025 Culp, Inc. provided consolidated earnings guidance for the third quarter of 2025. For the period, the company expects net sales to be flat to slightly down sequentially, with continued pressure on residential upholstery fabric sales. Duyuru • Nov 28
Culp, Inc. to Report Q2, 2025 Results on Dec 04, 2024 Culp, Inc. announced that they will report Q2, 2025 results After-Market on Dec 04, 2024 Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Alexander Jones was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 06
First quarter 2025 earnings released: US$0.58 loss per share (vs US$0.27 loss in 1Q 2024) First quarter 2025 results: US$0.58 loss per share (further deteriorated from US$0.27 loss in 1Q 2024). Revenue: US$56.5m (flat on 1Q 2024). Net loss: US$7.26m (loss widened 117% from 1Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Duyuru • Aug 30
Culp, Inc. to Report Q1, 2025 Results on Sep 04, 2024 Culp, Inc. announced that they will report Q1, 2025 results After-Market on Sep 04, 2024 Duyuru • Aug 23
Culp, Inc., Annual General Meeting, Sep 25, 2024 Culp, Inc., Annual General Meeting, Sep 25, 2024. Location: 1823 eastchester drive, high point, north carolina United States Duyuru • Jul 23
Culp Appoints Mary Beth Hunsberger as President of Culp Upholstery Fabrics, Effective July 27, 2024 Culp, Inc. 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. Hunsberger brings over two decades of expertise in the home furnishings industry to her new position. She joined CULP from DEDON, Inc., where she served as Controller and then President of North and South America from 2016 through 2023, and concurrently served as the Chief Operating Officer of North and South America for Gloster Furniture during 2023. Earlier in her career, Hunsberger also spent 13 years with Tempur + Sealy International, Inc. She earned a Master of Business Administration from Wake Forest University and received her Bachelor of Arts from the University of North Carolina at Chapel Hill. Hunsberger will report to Culp, Inc.’s President and Chief Executive Officer, Iv Culp. Mr. Chumbley will remain involved with the upholstery fabrics division in an advisory role to strategically support the company. Reported Earnings • Jun 28
Full year 2024 earnings released: US$1.11 loss per share (vs US$2.57 loss in FY 2023) Full year 2024 results: US$1.11 loss per share (improved from US$2.57 loss in FY 2023). Revenue: US$225.3m (down 4.1% from FY 2023). Net loss: US$13.8m (loss narrowed 56% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Duyuru • Jun 18
Culp, Inc. Announces the Appointment of Alexander B. Jones to the Board Culp, Inc. announced that it 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. New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 50% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€52.2m market cap, or US$56.2m). Duyuru • Apr 14
22NW Engages in Discussions with Culp On April 12, 2024, 22NW, LP announced that it intends to engage in communications with Culp, Inc.’s management team and Board of Directors regarding opportunities to enhance shareholder value and improve corporate governance, including through potential changes to the composition of the Board. Reported Earnings • Mar 08
Third quarter 2024 earnings released: US$0.26 loss per share (vs US$0.73 loss in 3Q 2023) Third quarter 2024 results: US$0.26 loss per share (improved from US$0.73 loss in 3Q 2023). Revenue: US$60.4m (up 15% from 3Q 2023). Net loss: US$3.19m (loss narrowed 65% from 3Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Duyuru • Mar 02
Culp, Inc. to Report Q3, 2024 Results on Mar 06, 2024 Culp, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 06, 2024 Duyuru • Jan 09
Culp Announces Executive Changes Culp, Inc. announced that Mary Beth Hunsberger will be joining the company as Executive Vice President of Culp Upholstery Fabrics, effective January 8, 2024. The company also announced that it intends for Ms. Hunsberger to succeed Boyd Chumbley in the role of division president in the third quarter of calendar year 2024. Mr. Chumbley will work with Ms. Hunsberger during a period of transition in 2024, and he will thereafter continue in an advisory role as needed to strategically support the company. Hunsberger brings over two decades of expertise in the home furnishings industry to her new position. She comes to CULP from DEDON, Inc, where she served as Controller and then President of North and South America since 2016, and concurrently served as the Chief Operating Officer of North and South America for Gloster Furniture since 2023. Earlier in her career, Hunsberger also spent 13 years with Tempur + Sealy International, Inc. She earned a Master of Business Administration from Wake Forest University and received her Bachelor of Arts from the University of North Carolina at Chapel Hill. Hunsberger will report to Culp, Inc.’s President and Chief Executive Officer, Iv Culp. Chumbley has worked with CULP since 1984 and has made extraordinary contributions to the upholstery fabrics division. He has served as a dedicated leader throughout his tenure and plans to transition to a supporting role in the third quarter of the calendar 2024 year. In this new role, he will continue adding significant strategic value with his experience and extensive knowledge of the home furnishings industry. Reported Earnings • Dec 05
Second quarter 2024 earnings released: US$0.20 loss per share (vs US$0.99 loss in 2Q 2023) Second quarter 2024 results: US$0.20 loss per share (improved from US$0.99 loss in 2Q 2023). Revenue: US$58.7m (flat on 2Q 2023). Net loss: US$2.42m (loss narrowed 80% from 2Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Duyuru • Dec 05
Culp, Inc. Provides Consolidated Earnings Guidance for the Third Quarter of Fiscal 2024 Culp, Inc. provided earnings guidance for the third quarter of 2024. Due to the uncertainty in the macro-environment, the company is only providing financial guidance for the third quarter of fiscal 2024. The company’s consolidated net sales for the third quarter are expected to be sequentially comparable to second quarter of fiscal 2024 and moderately higher as compared to the third quarter of fiscal 2023, even in the face of ongoing demand headwinds. The company expects a consolidated operating loss (loss from operations) for the third quarter of fiscal 2024 that is in the range of $1.2 million to $1.6 million, sequentially improved from the previous quarter's results, and a significant improvement compared to the $7.8 million operating loss for the prior-year period (which included $711,000 in restructuring expense). Duyuru • Nov 28
Culp, Inc. to Report Q2, 2024 Results on Dec 04, 2023 Culp, Inc. announced that they will report Q2, 2024 results After-Market on Dec 04, 2023 Recent Insider Transactions • Sep 13
Insider recently bought €80k worth of stock On the 8th of September, Tommy Bruno bought around 15k shares on-market at roughly €5.31 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €337k more in shares than they have sold in the last 12 months. Duyuru • Aug 31
Culp, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of Fiscal 2024 Culp, Inc. provided earnings guidance for the second quarter of 2024. Due to the continued volatility in the macro-environment, the company is providing only limited financial guidance for the second quarter of fiscal 2024. The company’s consolidated net sales for the second quarter are expected to be comparable to the second quarter of fiscal 2023, driven by further improvement in the mattress fabrics segment, but offset by lower residential upholstery fabric sales. The company expects a consolidated operating loss (loss from operations) for the second quarter of fiscal 2024 that is in the range of $2.2 million to $2.6 million, a significant improvement compared to the $11.9 million operating loss for the prior-year period (which included approximately $6.0 million relating to certain inventory impairment charges, losses from inventory close out sales, and greater than normal inventory markdowns). Reported Earnings • Aug 31
First quarter 2024 earnings released: US$0.27 loss per share (vs US$0.47 loss in 1Q 2023) First quarter 2024 results: US$0.27 loss per share (improved from US$0.47 loss in 1Q 2023). Revenue: US$56.7m (down 9.5% from 1Q 2023). Net loss: US$3.34m (loss narrowed 41% from 1Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Duyuru • Aug 26
Culp, Inc. to Report Q1, 2024 Results on Aug 30, 2023 Culp, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 30, 2023 Duyuru • Aug 04
Culp, Inc., Annual General Meeting, Sep 27, 2023 Culp, Inc., Annual General Meeting, Sep 27, 2023, at 12:00 US Eastern Standard Time. Reported Earnings • Jun 30
Full year 2023 earnings released: US$2.57 loss per share (vs US$0.26 loss in FY 2022) Full year 2023 results: US$2.57 loss per share (further deteriorated from US$0.26 loss in FY 2022). Revenue: US$234.9m (down 20% from FY 2022). Net loss: US$31.5m (loss widened US$28.3m from FY 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Jun 29
Culp, Inc. Provides Financial Guidance for the First Quarter of 2024 Culp, Inc. provided financial guidance for the first quarter of 2024. The company’s consolidated net sales for the first quarter are expected to be slightly lower compared to the first quarter of fiscal 2023, due mostly to current softness in the residential home furnishings industry, as well as some slowing of demand and the timing of additional new program launches in the mattress fabrics segment. Duyuru • Jun 24
Culp, Inc. to Report Q4, 2023 Results on Jun 28, 2023 Culp, Inc. announced that they will report Q4, 2023 results After-Market on Jun 28, 2023 Duyuru • May 18
Culp, Inc. Announces the Resignation of Thomas B. Gallagher, Jr. as Vice President of Finance and Principal Accounting Officer, Effective on or Around the Middle of July 2023 Culp, Inc. announced that on May 11, 2023, Thomas B. Gallagher, Jr., Vice President of Finance and principal accounting officer of the company, informed the Company that he will accept a position with another company and resign his position with the Company, effective on or around the middle of July 2023. Mr. Gallagher will continue in his position with the Company until the effective date of his resignation, assisting with year-end accounting and regulatory filings related to the Company’s fiscal year ended April 30, 2023, as well as other transition matters. Reported Earnings • Mar 03
Third quarter 2023 earnings released: US$0.73 loss per share (vs US$0.024 loss in 3Q 2022) Third quarter 2023 results: US$0.73 loss per share (further deteriorated from US$0.024 loss in 3Q 2022). Revenue: US$52.5m (down 35% from 3Q 2022). Net loss: US$8.97m (loss widened US$8.68m from 3Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 08
Second quarter 2023 earnings released: US$0.99 loss per share (vs US$0.07 profit in 2Q 2022) Second quarter 2023 results: US$0.99 loss per share (down from US$0.07 profit in 2Q 2022). Revenue: US$58.4m (down 22% from 2Q 2022). Net loss: US$12.2m (down US$13.0m from profit in 2Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Duyuru • Nov 23
Culp, Inc. Provides Earnings Guidance for the Second Quarter of 2023 Culp, Inc. provided earnings guidance for the second quarter of 2023. The company expects net sales of approximately $58 million for the second quarter of fiscal 2023, and expects to report a consolidated operating loss (loss from operations) to be in the range of $11.7 million to $12.2 million for the second quarter. The consolidated operating loss includes approximately $5 million in inventory impairment charges and loss on the sale of raw material and finished goods inventory associated with the company’s mattress fabrics segment. Reported Earnings • Sep 02
First quarter 2023 earnings released: US$0.47 loss per share (vs US$0.18 profit in 1Q 2022) First quarter 2023 results: US$0.47 loss per share (down from US$0.18 profit in 1Q 2022). Revenue: US$62.6m (down 25% from 1Q 2022). Net loss: US$5.70m (down 353% from profit in 1Q 2022). Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the Luxury industry in Germany. Duyuru • Aug 27
Culp, Inc. to Report Q1, 2023 Results on Aug 31, 2022 Culp, Inc. announced that they will report Q1, 2023 results After-Market on Aug 31, 2022 Duyuru • Aug 25
Culp, Inc., Annual General Meeting, Sep 28, 2022 Culp, Inc., Annual General Meeting, Sep 28, 2022, at 12:00 US Eastern Standard Time. Location: corporate offices, located at 1823 Eastchester Drive High Point North Carolina United States Agenda: To Elect the eight director nominees named in the accompanying Proxy Statement for one-year term until the 2023 annual meeting; to Ratify the appointment of Grant Thornton LLP as independent auditors for fiscal 2023; to Approve, through non-binding advisory vote, the compensation of named executive officers as disclosed in the accompanying Proxy Statement; and to Consider any other business that properly come before the meeting or any adjournment thereof. Duyuru • Jul 28
Culp, Inc. Announces Change in Executive Management Structure Culp, Inc. announced the company’s board of directors has approved a change in the executive management structure of the company, effective September 1, 2022. Franklin N. Saxon, the company’s current executive chairman and former chief executive officer, will alter his role and be less involved in the day to day management of the company. Mr. Saxon will remain as chairman of the board, and he will continue in his important role as a strategic advisor. Mr. Saxon’s transition follows a tenure with the company of nearly 40 years. He joined the company in 1983 and has been a member of the board since 1987. He has served in various capacities, including chief financial officer from 1985 to 1998; president of the Culp Velvets/Prints division from 1998 to 2004; president and chief operating officer from 2004 to 2007; and chief executive officer from 2007 to 2019. He has served as executive chairman since January 1, 2020. Recent Insider Transactions • Jul 20
Independent Director recently bought €79k worth of stock On the 18th of July, Jonathan Kelly bought around 17k shares on-market at roughly €4.59 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €182k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 01
Full year 2022 earnings released: US$0.26 loss per share (vs US$0.26 profit in FY 2021) Full year 2022 results: US$0.26 loss per share (down from US$0.26 profit in FY 2021). Revenue: US$294.8m (down 1.6% from FY 2021). Net loss: US$3.21m (down 200% from profit in FY 2021). Over the next year, revenue is expected to shrink by 6.7% compared to a 14% growth forecast for the industry in Germany. Duyuru • Jun 15
Culp, Inc. to Report Q4, 2022 Results on Jun 29, 2022 Culp, Inc. announced that they will report Q4, 2022 results After-Market on Jun 29, 2022 Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director John Baugh was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 26
Culp Provides Earnings Guidance for the Fourth Quarter Fiscal 2022 Culp, Inc. provided earnings guidance for the fourth quarter Fiscal 2022. For the period, the company is lowering its expectations for net sales and income (loss) from operations for the fourth quarter of fiscal 2022 due primarily to COVID-related shutdowns affecting the company’s operations in China and further weakening in domestic mattress industry sales. The company now expects net sales for the fourth quarter to be down significantly as compared to the fourth quarter of fiscal 2021 and expects a consolidated operating loss in the range of $6.5 million to $7.5 million. Upcoming Dividend • Apr 01
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 19 April 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.8%. Within top quartile of German dividend payers (3.7%). Higher than average of industry peers (1.5%). Duyuru • Mar 06
Culp, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter of 2022 Culp, Inc. provided consolidated earnings guidance for the fourth quarter of 2022. The company expects net sales for the fourth quarter of the fiscal year to be slightly lower as compared to the fourth quarter of last fiscal year, and the company expects consolidated operating income for the fourth quarter of the fiscal year to be comparable to the fourth quarter of last fiscal year. Reported Earnings • Mar 04
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: US$0.024 loss per share (down from US$0.17 profit in 3Q 2021). Revenue: US$80.3m (up 1.2% from 3Q 2021). Net loss: US$289.0k (down 114% from profit in 3Q 2021). Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 1.6%, compared to a 5.1% growth forecast for the industry in Germany. Duyuru • Mar 04
Culp, Inc. Approves Payment of Quarterly Cash Dividend, Payable on April 19, 2022 Culp, Inc. approved the payment of quarterly cash dividend of 11.5 cents per share. This compares with 11 cents per share paid for the same period last year, reflecting an increase of 5%. At an annual indicated dividend of 46 cents per share, the yield is 5.67%, based upon yesterday’s closing stock price of $8.11 per share. The next quarterly payment will be made on April 19, 2022, to shareholders of record as of April 11, 2022. Duyuru • Feb 26
Culp, Inc. to Report Q3, 2022 Results on Mar 02, 2022 Culp, Inc. announced that they will report Q3, 2022 results After-Market on Mar 02, 2022 Upcoming Dividend • Jan 03
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 10 January 2022. Payment date: 19 January 2022. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Dec 09
Independent Director recently bought €91k worth of stock On the 6th of December, Fred Jackson bought around 10k shares on-market at roughly €9.14 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €41k more in shares than they have sold in the last 12 months. Duyuru • Dec 03
Culp, Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Fourth Quarter of Fiscal Year 2022 Culp, Inc. provided consolidated earnings guidance for the third quarter and fourth quarter of fiscal year 2022. The company’s net sales and consolidated operating income (income from operations) for the third quarter of fiscal 2022 are expected to be sequentially comparable to the second quarter of fiscal 2022. The company expects a strong improvement in net sales and operating income for the fourth quarter of fiscal 2022, as compared to both the third quarter of fiscal 2022 and the fourth quarter of fiscal 2021. Reported Earnings • Dec 02
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: US$0.07 (down from US$0.19 in 2Q 2021). Revenue: US$74.6m (down 3.0% from 2Q 2021). Net income: US$851.0k (down 64% from 2Q 2021). Profit margin: 1.1% (down from 3.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 5.6%, compared to a 4.7% growth forecast for the industry in Germany. Board Change • Nov 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Fred Jackson is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Fred Jackson is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Oct 01
Lead Independent Director Kenneth McAllister has left the company On the 29th of September, Kenneth McAllister's tenure as Lead Independent Director ended after 15.0 years in the role. As of June 2021, Kenneth still personally held 41.01k shares (€550k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Oct 01
Independent Director Kenneth Larson has left the company On the 29th of September, Kenneth Larson's tenure as Independent Director ended after 17.0 years in the role. As of June 2021, Kenneth still personally held 21.86k shares (€293k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Upcoming Dividend • Sep 30
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 07 October 2021. Payment date: 18 October 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%). Reported Earnings • Sep 02
First quarter 2022 earnings released: EPS US$0.18 (vs US$0.22 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$83.0m (up 29% from 1Q 2021). Net income: US$2.25m (up US$4.98m from 1Q 2021). Profit margin: 2.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Duyuru • Sep 02
Culp, Inc. Reaffirms Earnings Guidance for the Full Year of 2022 Culp, Inc. reaffirmed earnings guidance for the full year of 2022. For the full fiscal 2022 year, the company reaffirms its expectations for net sales to continue increasing moderately, with a projected increase between 8% to 12%, and for consolidated operating income to increase significantly, with a projected increase between 20% to 25%, in each case as compared to fiscal 2021. Reported Earnings • Jul 18
Full year 2021 earnings released: EPS US$0.26 (vs US$0.90 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$299.7m (up 17% from FY 2020). Net income: US$3.22m (up US$14.4m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Upcoming Dividend • Jul 01
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 16 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Jun 25
Independent Director recently sold €50k worth of stock On the 24th of June, Sharon Decker sold around 4k shares on-market at roughly €14.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €32k more than they bought in the last 12 months. Reported Earnings • Jun 18
Full year 2021 earnings released: EPS US$0.26 (vs US$0.90 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$299.7m (up 17% from FY 2020). Net income: US$3.22m (up US$14.4m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Upcoming Dividend • Apr 01
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 16 April 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 06
Third quarter 2021 earnings released: EPS US$0.17 (vs US$0.005 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$79.3m (up 10% from 3Q 2020). Net income: US$2.08m (up US$2.14m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020). Analyst Estimate Surprise Post Earnings • Mar 06
Revenue beats expectations Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 9.9%, compared to a 9.7% growth forecast for the Luxury industry in Germany. Is New 90 Day High Low • Mar 02
New 90-day high: €14.07 The company is up 20% from its price of €11.72 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 8.0% over the same period. Duyuru • Feb 27
Culp, Inc. to Report Q3, 2021 Results on Mar 03, 2021 Culp, Inc. announced that they will report Q3, 2021 results After-Market on Mar 03, 2021 Is New 90 Day High Low • Feb 05
New 90-day high: €13.87 The company is up 26% from its price of €11.04 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 1.0% over the same period. Duyuru • Jan 28
Culp, Inc.(NYSE:CULP) dropped from Russell 2000 Defensive Index Culp, Inc.(NYSE:CULP) dropped from Russell 2000 Defensive Index Analyst Estimate Surprise Post Earnings • Dec 13
Revenue beats expectations Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 10%, compared to a 11% growth forecast for the Luxury industry in Germany. Reported Earnings • Dec 05
Second quarter 2021 earnings released: EPS US$0.19 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$76.9m (up 5.8% from 2Q 2020). Net income: US$2.38m (up 3.7% from 2Q 2020). Profit margin: 3.1% (down from 3.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Dec 05
Revenue beats expectations Revenue exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 10%, compared to a 12% growth forecast for the Luxury industry in Germany. Duyuru • Nov 25
Culp, Inc. to Report Q2, 2021 Results on Dec 03, 2020 Culp, Inc. announced that they will report Q2, 2021 results at 5:00 PM, Eastern Standard Time on Dec 03, 2020 Is New 90 Day High Low • Nov 24
New 90-day high: €12.17 The company is up 29% from its price of €9.42 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.67 per share. Is New 90 Day High Low • Sep 25
New 90-day high: €10.68 The company is up 57% from its price of €6.80 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.58 per share. Duyuru • Aug 29
Culp, Inc. to Report Q1, 2021 Results on Sep 02, 2020 Culp, Inc. announced that they will report Q1, 2021 results at 5:00 PM, Eastern Standard Time on Sep 02, 2020 Duyuru • Jul 31
An unknown buyer acquired unknown majority interest in eLuxury, LLC from Culp, Inc. (NYSE:CULP). An unknown buyer acquired unknown majority interest in eLuxury, LLC from Culp, Inc. (NYSE:CULP) on April 3, 2020.
An unknown buyer completed the acquisition of unknown majority interest in eLuxury, LLC from Culp, Inc. (NYSE:CULP) on April 3, 2020. 
