A Brief History of Culp, Inc. (CULP)

Culp, Inc. is a leading producer of mattress fabrics and upholstery fabrics for furniture in North America. The company was founded in 1972 and is headquartered in High Point, North Carolina.

Culp, Inc. started off as a small textile company in North Carolina, producing mattress ticking and upholstery fabrics. Over the years, the company expanded its product offerings and customer base, becoming a key player in the textile industry.

• In the 1980s, Culp, Inc. experienced significant growth and went public, trading on the New York Stock Exchange under the ticker symbol CULP.
• In the 1990s, the company continued to grow through acquisitions and strategic partnerships, expanding its market reach and product offerings.
• In the 2000s, Culp, Inc. focused on innovation and sustainability, developing new products and technologies to meet the changing needs of consumers and the industry.
• Today, Culp, Inc. is a recognized leader in the textile industry, known for its high-quality products and commitment to sustainability. The company continues to grow and adapt to the ever-changing market, staying true to its founding principles of quality, integrity, and innovation.

Who Owns Culp, Inc. (CULP)

Culp, Inc. (CULP) is a publicly traded company, which means that it is owned by its shareholders. However, there are some significant institutional investors that own a large portion of the company's stock.

• One of the largest institutional investors in Culp, Inc. is Dimensional Fund Advisors LP, which owns about 14.5% of the company's outstanding shares.
• Another major shareholder is BlackRock, Inc., which owns approximately 11.2% of Culp, Inc.
• Vanguard Group, Inc. is also a significant owner of Culp, Inc. stock, with ownership of around 7.8% of the company.

In addition to these institutional investors, there are also many individual investors who own shares of Culp, Inc. through their brokerage accounts. These shareholders may include employees of the company, as well as retail investors who believe in the company's long-term growth prospects.

Culp, Inc. (CULP) Mission Statement

Culp, Inc. is committed to being the most innovative, responsible, and customer-focused textile company in the global marketplace.

Our mission is to:

• Deliver exceptional value to our customers through superior quality products, innovative design, and outstanding customer service.
• Lead the industry in sustainable practices, striving to minimize our environmental impact and promote social responsibility.
• Create a positive and inclusive work environment that fosters creativity, teamwork, and personal growth for all our employees.
• Generate sustainable growth and value for our shareholders through sound financial management and strategic investments.

How Culp, Inc. (CULP) Works

Culp, Inc. is a leading producer of mattress fabrics and upholstery fabrics for the furniture industry. The company operates through two segments: Mattress Fabrics and Upholstery Fabrics.

Culp's Mattress Fabrics segment primarily manufactures and markets knitted and woven mattress fabrics. These fabrics are used by mattress manufacturers to cover their mattresses and provide comfort and durability. The company offers a wide range of designs, patterns, and colors to meet the diverse needs of its customers.

Culp's Upholstery Fabrics segment produces a variety of fabrics for the furniture industry, including fabrics for residential and commercial furniture applications. These fabrics are used by furniture manufacturers to cover their products, such as sofas, chairs, and ottomans. Culp's upholstery fabrics are known for their quality, durability, and style.

Culp, Inc. works closely with its customers to develop innovative fabric solutions that meet their specific requirements. The company has a strong focus on design, technology, and sustainability, striving to provide fabrics that not only look great but also perform well and last long.

• Culp collaborates with leading designers to create on-trend fabric collections.
• The company invests in state-of-the-art manufacturing facilities to ensure high-quality products.
• Culp is committed to sustainable practices, including reducing waste and conserving resources.
• The company has a global presence, serving customers in North America, Asia, and Europe.

How Culp, Inc. (CULP) Makes Money

Culp, Inc. is a leading producer of mattress fabrics and upholstery fabrics for furniture. The company generates revenue through various channels, which can be summarized as follows:

• Manufacturing and Selling Fabrics: Culp manufactures a wide range of fabrics used in mattresses and furniture upholstery. These fabrics are sold to mattress manufacturers, furniture producers, and other customers in the bedding and furniture industries. This segment of the business is a significant revenue generator for the company.
• Design and Development Services: Culp offers design and development services to its customers, helping them create custom fabrics that meet their specific needs and preferences. This service offering allows Culp to cater to a wider range of customers and generate additional revenue.
• Global Operations: Culp operates manufacturing facilities in the United States, Canada, and China, allowing the company to reach customers on a global scale. By leveraging its international presence, Culp is able to generate revenue from diverse markets.
• Distribution Channels: Culp utilizes a network of distributors and sales representatives to market and sell its products to customers around the world. This distribution strategy enables the company to expand its customer base and drive sales.