Davis Named to Culp Board

Textile manufacturer Culp Inc., with headquarters in High Point, North Carolina, has elected Perry E. Davis to its board of directors. Davis currently is executive vice president and president of the Residential and Industrial Product segments for Leggett & Platt Inc., a diversified manufacturer and industry supplier based in Carthage, Missouri. He has held a […]

Culp Co-Founder Rob Culp Dies

Culp Co-Founder Rob Culp Dies

Industry veteran Robert “Rob” G. Culp III died Dec. 8 at age 72, following complications related to leukemia. Born in Chicago to Esther and Robert Culp Jr., he spent much of his life in High Point, North Carolina, where in 1972 he helped his father found textile supplier Culp Inc. Culp served as chief executive […]

Culp Q2 Balance Sheet Strong Despite Industry Headwinds

Culp Q2 Balance Sheet Strong Despite Industry Headwinds

In its second fiscal quarter of 2019, which ended Oct. 28, Culp Inc. reported revenue of $77 million, a 4.6% decline compared with the prior-year quarter, but above Wall Street analysts’ expectations (Zack’s Investment Research) of $76.32 million. Sales in the High Point, North Carolina-based company’s ticking segment were down 13.6% and upholstery fabrics sales […]

All About Mattress Protectors and Sheets

All About Mattress Protectors and Sheets

BY JULIE A. PALM Changing business formulas afford manufacturers of protectors and sheets growth opportunities for production, marketing and sales With new players emerging and long-time producers changing their strategies or business models, there’s nothing sleepy about the accessories category that includes mattress protectors and sheets. Culp Inc., a mattress fabric and sewn cover supplier […]

Culp Reports Challenging Quarter, Citing Impact of Imports

Culp Reports Challenging Quarter, Citing Impact of Imports

Culp Inc. reported a 10.1% net sales decline, to $71.5 million, in the first quarter of fiscal 2019, compared with the prior-year quarter. The first quarter of fiscal 2019 ended July 29. The High Point, North Carolina-based textile major said ticking sales declined 23.6%, while upholstery was up 10.9%. Pretax income was $1.9 million, compared […]

Culp reports fiscal 2018 sales gain

Culp reports fiscal 2018 sales gain

Industry supplier and ticking major Culp Inc. recorded fourth-quarter 2018 (ended April 30) net sales of $78.2 million, with ticking sales down 4.7% and upholstery up 11%, compared with the prior-year quarter. For the full fiscal year, the High Point, North Carolina-based company had net sales of $323.7, reflecting a 1% rise in ticking and […]

Culp makes strategic acquisition of eLuxury.com

Culp makes strategic acquisition of eLuxury.com

Textile supplier Culp Inc., headquartered in High Point, North Carolina, plans to purchase eLuxury.com, an Evansville, Indiana-based e-commerce player whose foundational product line is mattress protectors and pads manufactured at its own domestic facility. The eLuxury site also sells a wide range of sheets, bed frames, mattresses and other bedroom and home items. The acquisition […]

Culp buys Read Window Products

Textile supplier Culp Inc., with headquarters in High Point, North Carolina, has acquired Read Window Products Inc. Based in Knoxville, Tennessee, Read Window Products is a turnkey provider of window treatments. In addition, the company supplies a full range of bedding-related soft goods for hospitality brands. Its annual revenues were approximately $11 million in 2017. […]

Culp net sales increase in latest quarter

Culp net sales increase in latest quarter

Textile supplier Culp Inc. reported net sales of $80.7 million in the second quarter of fiscal 2018, which ended Oct. 29, 2017. The sales are a 7.1% increase, compared with the same quarter in 2017.  Mattress fabric sales were $48.6 million, up 6.8% compared with the second quarter of fiscal 2017. Upholstery fabric sales were […]

Culp sees flat earnings, plans to purchase China ticking producer

Ticking, upholstery and sewn cover supplier Culp Inc. reported relatively flat net income of $5 million in the first quarter of fiscal 2018, which ended July 30. Earnings per diluted share were $0.40, compared with $0.43 in the first quarter of fiscal 2017. Net sales were down slightly at $79.5 million, a 1.4% dip compared […]

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