Manufacturer and distributor of bedding and related residential, commercial, and hospitality furnishings, engaged in product design, in‑house manufacturing and external sourcing, and multi‑segment distribution across geographic regions.

# Company

## Overview
Operates in the bedding sector and in the broader residential, commercial, and hospitality furnishing markets. Serves multiple market segments and product categories related to bedding and furnished goods.

## Core business activities
- Products and offerings: Produces bedding-related products and complementary furnishings.  
- Manufacturing and sourcing: Engages in in-house manufacturing and external sourcing to produce and procure items.  
- Product design and innovation: Invests in design and product development to introduce new and improved offerings.  
- Distribution: Maintains distribution channels for delivering products to customers.  
- Raw materials: Manages sources and availability of raw materials required for production.  
- Seasonality: Plans for seasonal demand and production cycle variations.  
- Competition and regulations: Competes within the industry and complies with environmental and other regulatory requirements.

## Operations and organization
- Reporting segments: Financial results are reported by business segments.  
- Geographic diversification: Tracks net sales by geographic area, reflecting revenue across regions.  
- Backlog management: Monitors order backlog and unfulfilled demand.  
- Intellectual property: Holds IP related to products and processes.  
- Human capital: Manages workforce and related human capital considerations.  
- Customers and sales: Maintains dedicated sales and customer management functions.  
- Properties: Operates facilities, plants, and offices.  
- Legal and compliance: Maintains legal, regulatory, and compliance processes, including cybersecurity and mine safety disclosures when applicable.

## Compliance and risk
- Regulatory and environmental requirements are addressed as part of operations.  
- Cybersecurity is included as a specific governance and risk item.  
- Mine safety disclosure is included where operations or supply chains involve mining-related materials.

The company operates in the bedding, residential, commercial, and hospitality furnishing industries, designing, manufacturing, and distributing innovative bedding and furnishings products globally.

# Company Summary

## Business Overview

The company operates within the bedding, residential, commercial, and hospitality furnishing industries. It is involved in the design, manufacturing, and distribution of products primarily focused on bedding and related furnishings.

## Industry and Market Context

- **Bedding Industry**: The company is a key player within the bedding industry, supplying products for various sectors including residential homes, commercial establishments, and hospitality services.
- **Furnishing Industries**: It also serves the broader furnishings industry, providing products for residential, commercial, and hospitality sectors.

## Products and Manufacturing

- The company develops a range of bedding and furnishing products, emphasizing product design and innovation.
- Manufacturing and sourcing activities are integral, with sourcing considerations related to raw material availability and seasonality.
- It maintains distribution channels to deliver products to customers efficiently.

## Raw Materials and Competition

- The raw materials used for manufacturing are sourced from various suppliers, with considerations given to their availability and regulation compliance.
- The industry faces competition, and the company must navigate environmental and regulatory requirements.

## Human Capital and Customers

- Human capital strategies are in place, though specific employee numbers are not provided.
- The company has an extensive customer base across different geographic regions, with net sales broken down accordingly.
- It maintains a backlog of orders and owns intellectual property related to its products.

## Additional Notes

- The company is subject to risk factors, cybersecurity considerations, legal proceedings, and mine safety disclosures where relevant.
- Further details such as the number of customers, revenue, net income, and specific employee count are not specified within the provided summary.

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*Note:* The summary is based solely on the provided outline and does not include specific numerical data, as such details were not included in the provided materials.

Culp, Inc. is a publicly traded company specializing in the production of textiles for the mattress and upholstery industries, with a focus on innovative fabrics and customer service.

# Culp, Inc.

## Business segments

### Mattress fabrics
- Description: Manufacture and marketing of knitted and woven fabrics and sewn mattress covers for bedding products, including mattresses, foundations, and mattress sets.
- Facilities: Stokesdale, North Carolina; St. Jérôme, Quebec (Canada); Ouanaminthe, Haiti.
- Revenue contribution: 52% of total net sales for fiscal 2024.

### Upholstery fabrics
- Description: Fabrics and products for residential and commercial upholstered furniture, including seating for homes, offices, healthcare facilities, and hospitality.
- Facilities: Burlington, North Carolina, and multiple sites in Shanghai, China.
- Revenue contribution: 48% of total net sales for fiscal 2024.

## Customers
- Serves a global customer base of leading bedding and furniture manufacturers.
- Major customers:
  - Mattress segment: Serta-Simmons Bedding, Tempur + Sealy International, Casper.
  - Upholstery segment: Ashley Furniture, La-Z-Boy, Flexsteel Home, Exemplis.

## Financial performance
- Fiscal 2024 revenue: $225.3 million
  - Mattress fabrics: $116.4 million
  - Upholstery fabrics: $108.9 million
- Comparative revenue:
  - Fiscal 2023: $234.9 million
  - Fiscal 2022: $294.8 million

## Employees
- Total employees at end of fiscal 2024: approximately 1,000 (down 333 year over year).
  - Mattress segment: 663 employees
  - Upholstery segment: 305 employees
- Geographic distribution: approximately 486 employees in the U.S. and 514 in international locations.
- Company-wide annual turnover rate for fiscal 2024: approximately 43.5%.

## Corporate information
- Culp, Inc. is a North Carolina corporation established in 1972 and publicly traded since 1983 on the NYSE under the ticker CULP.
- Mission: Provide high-quality textile products supported by strong service, with a focus on creativity, product innovation, and financial stability.

## Recent developments
- Announced a restructuring plan for fiscal 2025, principally affecting the mattress fabrics segment, to consolidate operations and improve asset utilization in response to recent market conditions.

CULP INC

10-K / July 17, 2026

10-K / July 11, 2025

10-K / July 12, 2024

10-K / July 17, 2026

Company

Overview

Core business activities

Operations and organization

Compliance and risk