Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 213.24M | 225.33M | 234.93M | 294.84M | 299.72M |
Gross Profit | 25.07M | 27.94M | 10.90M | 36.09M | 49.83M |
EBITDA | -18.38M | -3.85M | -21.11M | 7.25M | 19.42M |
Net Income | -19.10M | -13.82M | -31.52M | -3.21M | 3.22M |
Balance Sheet | |||||
Total Assets | 123.37M | 132.05M | 152.18M | 177.56M | 214.08M |
Cash, Cash Equivalents and Short-Term Investments | 6.95M | 10.91M | 22.37M | 14.55M | 45.71M |
Total Debt | 17.64M | 4.48M | 6.25M | 10.28M | 9.56M |
Total Liabilities | 65.73M | 55.92M | 63.10M | 58.06M | 85.07M |
Stockholders Equity | 57.64M | 76.13M | 89.08M | 119.50M | 129.01M |
Cash Flow | |||||
Free Cash Flow | -20.60M | -11.94M | 5.70M | -23.14M | 14.81M |
Operating Cash Flow | -17.65M | -8.22M | 7.80M | -17.44M | 21.48M |
Investing Cash Flow | 598.00K | -2.43M | -752.00K | 2.50M | -10.68M |
Financing Cash Flow | 12.67M | -126.00K | -436.00K | -7.42M | -43.71M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
66 Neutral | $41.66M | ― | -1.33% | 6.10% | 24.43% | 57.78% | |
63 Neutral | $16.67B | 10.96 | -6.97% | 3.00% | 1.72% | -24.21% | |
55 Neutral | $90.89M | ― | -15.73% | ― | 2.51% | 32.95% | |
53 Neutral | $56.77M | ― | -28.56% | ― | -5.37% | -37.39% | |
51 Neutral | $136.06M | ― | -17.61% | 0.84% | 34.28% | -495.11% | |
45 Neutral | $19.01M | 6.22 | -63.56% | ― | 1.46% | -191.66% | |
39 Underperform | $3.86M | ― | -51.41% | ― | -46.67% | 26.45% |
On June 25, 2025, Culp, Inc. announced its financial and operating results for the fourth quarter and fiscal year ending April 27, 2025. The company completed a restructuring plan that included the sale of a manufacturing facility in Canada and a transition to an asset-light model, resulting in improved operating performance despite a challenging revenue environment. The restructuring is expected to generate significant annual savings and has already contributed to better financial results. Culp also integrated its operating divisions into a unified business to enhance market responsiveness and optimize resources. The company reported consolidated net sales of $48.8 million for the fourth quarter, with a GAAP consolidated loss from operations of $2.2 million, showing improvement from the prior year. Culp extended its credit facility with Wells Fargo, providing additional liquidity to support future growth.
On June 12, 2025, Culp, Inc. and its subsidiaries entered into a Third Amendment to their Credit Agreement with Wells Fargo Bank, extending the term of their asset-based revolving credit facility to June 12, 2028. This amendment allows for revolving credit loans and letters of credit up to $30 million, with potential increases, and includes specific borrowing base calculations and interest rates tied to the secured overnight financing rate. The changes aim to support Culp’s working capital and corporate purposes, potentially impacting its financial flexibility and operational strategy.
On June 6, 2025, Culp, Inc. entered into a multi-year cooperation agreement with its largest shareholder, 22NW, LP. This agreement includes provisions for board nominations and voting support at the company’s 2025 and 2026 Annual Meetings of Shareholders. The agreement aims to support Culp’s management and stakeholders, positioning the company for future growth opportunities. The board will nominate new independent directors, Doug Collier and Lynn Heatherton, alongside Alexander B. Jones, who joined the board in 2024. The board size will remain unchanged, and the agreement includes standstill provisions limiting the investor group’s actions regarding the company.
On April 24, 2025, Culp, Inc. announced a strategic transformation of its operating model by integrating its two divisions, Culp Upholstery Fabrics and Culp Home Fashions, into a single business. This move aims to enhance operational agility, streamline costs, and improve responsiveness to market trends. The integration involves closing a facility in Burlington, North Carolina, and relocating operations to Stokesdale, North Carolina, with expected annual savings of $3 million. This follows a previous restructuring plan from May 2024, which anticipated savings of $10 to $11 million. The changes also include leadership appointments, with Mary Elizabeth Hunsberger as Chief Operating Officer and Thomas M. Bruno as Chief Commercial Officer. The transformation is expected to create synergies and strengthen Culp’s market position in the home furnishings industry.