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CULP Culp

Culp, Inc. is one of the world's largest marketers of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The company markets a variety of fabrics to its global customer base of leading bedding and furniture companies, including fabrics produced at Culp's manufacturing facilities and fabrics sourced through other suppliers. Culp has manufacturing and sourcing capabilities located in the United States, Canada, China, Haiti, Turkey, and Vietnam.

Company profile

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

CULP stock data

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Calendar

16 Jul 21
3 Aug 21
3 May 22
Quarter (USD)
May 21 Jan 21 Oct 20 Aug 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 21 May 20 Apr 19 Apr 18
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) 37.01M 37.01M 37.01M 37.01M 37.01M 37.01M
Cash burn (monthly) (positive/no burn) 2.73M (positive/no burn) (positive/no burn) 57.67K (positive/no burn)
Cash used (since last report) n/a 8.39M n/a n/a 177.06K n/a
Cash remaining n/a 28.62M n/a n/a 36.83M n/a
Runway (months of cash) n/a 10.5 n/a n/a 638.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 21 Robert George Iv Culp RSU Common Stock Grant Aquire A No No 0 33,898 0 33,898
22 Jul 21 Chumbley Boyd Brooks RSU Common Stock Grant Aquire A No No 0 16,386 0 16,386
22 Jul 21 Cassandra J Brown RSU Common Stock Grant Aquire A No No 0 11,511 0 11,511
22 Jul 21 Kenneth R Bowling RSU Common Stock Grant Aquire A No No 0 13,763 0 13,763
22 Jul 21 Ashley Carter Durbin RSU Common Stock Grant Aquire A No No 0 6,644 0 6,644

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

72.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 59 65 -9.2%
Opened positions 4 12 -66.7%
Closed positions 10 8 +25.0%
Increased positions 18 20 -10.0%
Reduced positions 25 29 -13.8%
13F shares
Current Prev Q Change
Total value 166.29M 146.04M +13.9%
Total shares 8.87M 9.15M -3.0%
Total puts 71.8K 125.1K -42.6%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners
Shares Value Change
Renaissance Technologies 945.92K $14.56M -0.3%
CIBC Private Wealth 879.84K $13.54M 0.0%
Dimensional Fund Advisors 756.86K $11.65M -3.7%
Mill Road Capital Management 623.97K $9.6M 0.0%
Russell Investments 558.75K $8.6M +5.1%
Brown Advisory 549.72K $8.46M +0.8%
Vanguard 538.29K $8.29M 0.0%
AMP Ameriprise Financial 480.09K $7.39M +4.8%
BLK Blackrock 386.58K $5.95M -3.5%
Punch & Associates Investment Management 382K $5.88M +32.1%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 0 -347.53K EXIT
Ancora Advisors 279.07K +104.46K +59.8%
Punch & Associates Investment Management 382K +92.87K +32.1%
Heartland Advisors 0 -83.7K EXIT
Monarch Partners Asset Management 0 -77.17K EXIT
Nokomis Capital, L.L.C. 62.81K -76.72K -55.0%
SG Capital Management 199.55K +73.21K +57.9%
Cornercap Investment Counsel 65.34K +65.34K NEW
Millennium Management 83.45K +55.58K +199.4%
UBS UBS Group AG - Registered Shares 41.24K +40.65K +6924.7%

Financial report summary

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Risks
  • The 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.
  • Continued economic and industry uncertainty could negatively affect our sales and earnings.
  • 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.
  • Our intellectual property rights may not prevent others from using our copyrights or trademarks in connection with the sale of competitive products. We may be subject to claims that our products or trademarks infringe intellectual property rights of others.
  • 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.
  • Changes in the method of determining the London Interbank Offered Rate (LIBOR), or the replacement of LIBOR with an alternative reference rate, may adversely affect interest rates.
  • 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.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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