BNET Industries

Culp Inc.

(CFI) is in the Manufacturing Industry

Market Cap:$75.5M
Last Fiscal Year Sales:$203.9M
  • Public
  • US
Dow Jones Description

Culp, Inc., manufactures, sources, and markets mattress fabrics (also known as mattress ticking) used for covering mattresses and box springs, and upholstery fabrics primarily for use in production of upholstered furniture (residential and commercial). Management believes that Culp is the largest producer of mattress fabrics in North America, as measured by total sales, and one of the largest marketers of upholstery fabrics for furniture in North America, again measured by total sales. Our mattress fabrics are used primarily in the production of bedding products, including mattresses, box springs, and mattress sets. Our upholstery fabrics are used in the production of residential and commercial upholstered furniture, sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating. Culp primarily markets fabrics that have broad appeal in the "good" and "better" priced categories of furniture and bedding. The company has two operating segments - mattress fabrics and upholstery fabrics. The mattress fabric business markets woven and knitted fabrics used by bedding manufacturers. The upholstery fabrics segment markets a variety of products in most categories of fabric used as coverings for furniture. Total net sales in fiscal 2008 were $254 million. The mattress fabrics segment had net sales of $138 million (54% of total net sales), while the upholstery fabrics segment had net sales of $116 million (46% of total net sales). ...

President and Chief Executive Officer, Director
Franklin N. Saxon
Number of Employees 1,087
Contact Information

PO Box 2686

High Point, North Carolina 27261-2686

culpinc.com

(336) 889-5161

NAICS Code Broadwoven Fabric Mills: 313210

Recent Events

  • Culp Inc. CFI reports 2nd Quarter ending October 2009 above estimates

    9/01/09 - Financial Announcement - View Story

  • Culp, Inc. Announces Copyright Infringement Complaints Filed in Federal Court

    8/12/09 - Lawsuit Filed - View Story

News & Analysis

culp inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Franklin N. Saxon President and Chief Executive Officer, Director
Kenneth R. Bowling Chief Executive Officer
Kenneth R. Larson President and Chief Executive Officer of Slumberland Furniture
Howard L. Dunn President, Chief Operating Officer and Director
Culp Yarn Senior Vice President and President
Patrick H. Norton Senior Vice President of Sales
Earl N Phillips Co-Founder
Kenneth Ludwig Director of Personnel
Kenneth W. McAllister Member, Manager of the Mcallister Firm
Rodney Smith Manager of the Phillips
Thomas Gallagher Jr. Corporate Controller
Grant Thornton Independent Auditor
Jean L.P. Brunel Managing Principal of Brunel Associates
Judith Culp Walker Attorney With Keziah
Kathy J. Hardy Secretary
R Scott Asen
Earl M Honeycutt Director
Harry R Culp Director

Board of Directors

Name (plus bio) Position
Patrick B. Flavin Chairman
Robert G. Culp Chairman of The Board
H. Bruce English Board of Directors

FRANKLIN N. SAXON has been employed by the Company since 1983, serving in various capacities, including chief financial officer from 1985 to 1998. In 2001, the Board elected Mr. Saxon executive vice president, chief financial officer and president, Culp Velvets/Prints division. In 2002, Mr. Saxon was elected executive vice president, chief financial officer, treasurer, and president, Culp Velvets/Prints division. The Board elected Mr. Saxon president and chief operating officer in June 2004. He was elected as president and chief executive officer effective May 1, 2007.

Organization Position Status
Culp, Inc. President and Chief Executive Officer, Director Current
Culp, Inc. Board of Directors Current
Culp, Inc. Controller Former

KENNETH R. BOWLING joined the Company in 1997 as controller for the velvets/prints division. He was promoted to corporate controller in 2001 and was named corporate controller and assistant treasurer in 2002. In 2004, he was promoted to vice president, finance and treasurer. Mr. Bowling became our chief financial officer effective in May of 2007.

Organization Position Status
Culp, Inc. Chief Executive Officer Current
Culp, Inc. CFO Current
Culp, Inc. Vice President, Finance & Treasurer Current
Culp, Inc. Controller Former

Organization Position Status
Culp, Inc. President and Chief Executive Officer of Slumberland Furniture Current
Culp, Inc. Chairman of The Board of Directors Current
Trustco, Inc Director Current
Culp, Inc. Board of Directors Current

Organization Position Status
Culp, Inc. President, Chief Operating Officer and Director Current
Culp, Inc. Vice President of Manufacturing and Product Development Former
Culp, Inc. Board of Directors Former

Organization Position Status
Culp, Inc. Senior Vice President and President Current

Organization Position Status
Culp, Inc. Senior Vice President of Sales Current
Culp, Inc. Board of Directors Current

Organization Position Status
Culp, Inc. Co-Founder Current

KENNETH M. LUDWIG joined the Company in 1985 as director of personnel. The Board elected Mr. Ludwig vice president, human resources in 1986 and senior vice president, human resources in 1996. In 2006, Mr. Ludwig was elected corporate secretary.

Organization Position Status
Culp, Inc. Director of Personnel Current
Culp, Inc. Board of Directors Current
Culp, Inc. Senior Vice President, HR Former

Organization Position Status
Culp, Inc. Member, Manager of the Mcallister Firm Current
McAllister Law Firm Current
Culp, Inc. Board of Directors Current
Duke University Degree Former
The University of North Carolina at Chapel Hill Former
American Bar Foundation Fellow Former

Organization Position Status
Culp, Inc. Manager of the Phillips Current
Culp, Inc. President, Cdf Division Former

Organization Position Status
Culp, Inc. Corporate Controller Current
Culp, Inc. Board of Directors Current
BDO Seidman, LLP Senior Manager Former

Organization Position Status
Culp, Inc. Independent Auditor Current

Organization Position Status
Culp, Inc. Managing Principal of Brunel Associates Current
The Research Foundation Board of Directors Current
Private Asset Management Chief Investment Officer Former
Private Asset Management Consultant Former
Culp, Inc. Board of Directors Former

Organization Position Status
Culp, Inc. Attorney With Keziah Current

Organization Position Status
Culp, Inc. Secretary Current

Organization Position Status
Culp, Inc. Current

Organization Position Status
Culp, Inc. Chairman Current
Culp, Inc. Director Former

Robert G. Culp, III , 62, has been a director since July 1999 and his present term will expire in 2011. Mr. Culp has been chairman of the board of Culp, Inc., a marketer of upholstery fabrics for furniture and mattress ticking for bedding, since 1990 and served as chief executive officer of Culp, Inc. until May 2007. Mr. Culp is also a director of Old Dominion Freight Line, Inc.

Organization Position Status
Culp, Inc. Chairman of The Board Current
Old Dominion Freight Line, Inc. Director Current
Stanley Furniture Co., Inc. Board of Directors Current
Culp, Inc. Chief Executive Officer Former
Culp, Inc. Executive Vice President and Secretary Current

Organization Position Status
Culp, Inc. Director Current
Culp, Inc. President of Amoco Fabrics and Fibers Company Former

Organization Position Status
Culp, Inc. Board of Directors Current

Organization Position Status
Culp, Inc. Director Current

Executive News

  • Culp, Inc. F1Q10 (Qtr End 08/02/09) Earnings Call Transcript

    Seeking Alpha - 9/01/09 - View Story

  • Culp Inc. (CFI) reports 2nd Quarter ending October 2009 above estimates

    Earnings Whispers - 9/01/09 - View Story

  • Culp, Inc. Announces Copyright Infringement Complaints Filed in Federal Court

    Globe Investor - 8/12/09 - View Story

  • Culp, Inc. Announces Copyright Infringement Complaints Filed in Federal Court

    Stockwatch - 8/12/09 - View Story

  • Culp, Inc. Announces Copyright Infringement Complaints Filed in Federal Court

    Business Wire - 8/12/09 - View Story

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     CFI $5.88 +0.10 (1.73% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 15,130
Shares Outstanding 12.85M
Market Cap 75.5M
Year High 7.21
Year Low 1.3
Earnings Per Share -2.99
P/E Ratio -1.97
Dividend N/A
Yield N/A
IndustryTop Rated
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