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CULP Culp

Culp, Inc. engages in the design, manufacture, and trade of mattresses and upholstery products. It operates through the Mattress Fabrics and Upholstery Fabrics segments. The Mattress Fabrics segment markets and sells covers and beddings under the Culp Home Fashions brand. The Upholstery Fabrics segment produces and supplies fabrics for residential and commercial manufacturers. The company was founded by Robert G. Culp, Jr. and Robert G. Culp, III in 1972 and is headquartered in High Point, NC.

Company profile

Ticker
CULP
Exchange
Website
CEO
Robert Culp
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
561001967

CULP stock data

(
)

Calendar

12 Mar 21
21 Apr 21
3 May 21
Quarter (USD)
Jan 21 Oct 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 20 Apr 19 Apr 18 Apr 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Culp earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 35.99M 35.99M 35.99M 35.99M 35.99M 35.99M
Cash burn (monthly) 3.1M (positive/no burn) (positive/no burn) 629.67K 350.67K (positive/no burn)
Cash used (since last report) 8.38M n/a n/a 1.7M 947.44K n/a
Cash remaining 27.61M n/a n/a 34.29M 35.04M n/a
Runway (months of cash) 8.9 n/a n/a 54.5 99.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Decker Sharon A Common Stock Grant Aquire A No No 0 877 0 9,531
1 Apr 21 Mcallister Kenneth W Common Stock Grant Aquire A No No 0 957 0 41,010
1 Apr 21 Jackson Fred A Common Stock Grant Aquire A No No 0 877 0 34,097
1 Apr 21 Larson Kenneth R Common Stock Grant Aquire A No No 0 877 0 21,864
1 Apr 21 Davis Perry E Common Stock Grant Aquire A No No 0 877 0 8,814

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 65 61 +6.6%
Opened positions 12 9 +33.3%
Closed positions 8 10 -20.0%
Increased positions 20 14 +42.9%
Reduced positions 29 29
13F shares
Current Prev Q Change
Total value 146.04M 94.25M +55.0%
Total shares 9.15M 7.46M +22.7%
Total puts 125.1K 142.8K -12.4%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners
Shares Value Change
Renaissance Technologies 948.62K $15.06M +2.4%
CIBC Private Wealth 879.84K $13.96M 0.0%
Dimensional Fund Advisors 785.85K $12.47M -2.6%
Mill Road Capital Management 623.97K $9.9M NEW
Brown Advisory 545.2K $8.65M NEW
Vanguard 538.29K $8.54M +0.0%
Russell Investments 531.39K $8.43M +55.3%
AMP Ameriprise Financial 458.32K $7.27M +8.1%
BLK Blackrock 400.69K $6.36M -11.7%
TROW T. Rowe Price 347.53K $5.52M -13.0%
Largest transactions
Shares Bought/sold Change
Mill Road Capital Management 623.97K +623.97K NEW
Brown Advisory 545.2K +545.2K NEW
Punch & Associates Investment Management 289.13K +289.13K NEW
Russell Investments 531.39K +189.25K +55.3%
Ancora Advisors 174.61K +105.93K +154.2%
FRFHF Fairfax Financial Holdings LTD/ Can 0 -78K EXIT
Monarch Partners Asset Management 77.17K +77.17K NEW
Friess Associates 67.01K +64.61K +2691.9%
SG Capital Management 126.34K +61.75K +95.6%
Heartland Advisors 83.7K -56.3K -40.2%

Financial report summary

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Risks
  • The ongoing global COVID-19 pandemic has significantly and adversely affected, and may continue to adversely affect, our business, financial position, results of operations, and cash flows.
  • Loss of market share due to competition would result in declines in sales and could result in losses or decreases in earnings.
  • Our operations are subject to risks of unsettled political conditions, civil unrest or instability, public health concerns or pandemics, natural or man-made disasters, acts of war, and terrorism, any one of which could adversely affect our business and results of operations.
  • Our business may be adversely affected by increased tariffs or other changes in U.S. policy related to imported products, as well as violations of existing trade policies.
  • Greater reliance on offshore operations and foreign sources of products or raw materials increases the likelihood of disruptions to our supply chain or our ability to deliver products to our customers on a timely basis.
  • Our business faces several risks associated with doing business in China
  • We may have difficulty managing the outsourcing arrangements being used for products and services.
  • Changes in the price, availability, and quality of raw materials could increase our costs or cause production delays and sales interruptions, which would result in decreased earnings.
  • Increases in energy costs would increase our operating costs and could adversely affect earnings.
  • Business difficulties or failures of large customers could result in a decrease in our sales and earnings.
  • If we fail to anticipate and respond to changes in consumer tastes and fashion trends, our sales and earnings may decline.
  • Increasing dependence on information technology systems comes with specific risks, including cybersecurity breaches and data leaks, which could have an adverse effect on our business.
  • We may not be able to recruit and retain key employees and skilled workers in a competitive labor market.
  • We have made and expect to continue to make acquisitions, which could involve certain risks and uncertainties.
  • We may require funding from external sources, which may not be available at the levels we require or may cost more than we expect. As a result, our expenses and operating results could be negatively affected.
  • We are subject to litigation and environmental regulations that could adversely affect our sales and earnings.
  • We must comply with many governmental regulations applicable to our business, and changes in those regulations could adversely affect our business.
Management Discussion
  • Mattress fabrics sales decreased 9.8% in fiscal 2020 compared to the prior year. These results for fiscal 2020 reflected the significant disruption from the COVID-19 pandemic during the fourth quarter of fiscal 2020. We experienced a rapid drop in demand beginning in mid-March, as customers and retail mattress and home furnishings stores began closing or substantially limiting their operations. Due to government-mandated closure requirements near the end of March, we shut down our facilities in Canada and Haiti for several weeks. We also reduced our production schedules and furloughed workers at our U.S. facilities to align with the severely reduced demand, while aggressively cutting costs, delaying non-essential capital expenditures, and reducing inventory.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. junior Avg
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