CULP

Culp, Inc. manufactures and sells mattress fabrics and upholstery fabrics for residential and commercial furniture applications. The company operates through Mattress Fabrics (knitted fabrics for mattress covers and foundations) and Upholstery Fabrics (fabrics for residential and commercial upholstered furniture) segments. Culp produces mattress ticking fabrics sold to bedding manufacturers and upholstery fabrics sold to furniture manufacturers serving residential and commercial markets. The company operates manufacturing facilities in the United States and internationally serving furniture and bedding manufacturers. Founded in 1972 and headquartered in High Point, North Carolina, Culp operates in the textile industry serving furniture and bedding value chains. The company benefits from vertical integration, technical capabilities, customer relationships, and essential product positions in furniture supply chains. Culp faces challenges from furniture market cyclicality, import competition, customer concentration, raw material cost volatility, and offshore production trends. The company has experienced operational challenges and profitability pressures in recent years. Culp continues to focus on operational efficiency, product innovation, customer relationships, and navigating difficult furniture and bedding market conditions.