Culp Inc (CULP)

Name: Culp Inc Financial Statements
Creator: Quarter Results

Consumer Cyclical | Apparel Manufacturers

Latest reporting period: 2025-04-27

Latest Quarter

2025-04-27

Revenue

$48.8M

Net Income

-$2.1M

Operating Margin

-4.6%

Free Cash Flow

-$20.6M

Debt / Assets

53.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Culp Inc (CULP).
Income Statement (Quarterly)	2025-04-27	2025-01-26	2024-10-27	2024-07-28
Revenue	48,773,000	52,253,000	55,674,000	56,537,000
Cost of Revenue	41,120,000	45,906,000	49,684,000	51,461,000
Gross Profit	7,653,000	6,347,000	5,990,000	5,076,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	8,470,000	8,579,000	9,359,000	9,296,000
Operating Expenses	8,470,000	8,579,000	11,390,000	9,296,000
Operating Income	-2,239,000	-3,887,000	-5,400,000	-6,851,000
Interest Expense	-110,000	63,000	30,000	28,000
Income Before Tax	-2,316,000	-3,680,000	-5,694,000	-7,021,000
Income Tax Expense	243,000	446,000	-50,000	240,000
Net Income	-2,073,000	-4,126,000	-5,644,000	-7,261,000
Per Share
EPS	-0.17	-0.33	0.58	-0.58
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Culp Inc (CULP).
Income Statement (Annual)	2025-04-30	2025-04-27	2024-04-28	2023-04-30	2022-05-01
Revenue	213,237,000	213,237,000	225,333,000	234,934,000	294,839,000
Cost of Revenue	186,570,000	186,570,000	197,394,000	224,038,000	258,746,000
Gross Profit	26,667,000	26,667,000	27,939,000	10,896,000	36,093,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	35,705,000	35,705,000	38,611,000	37,978,000	35,415,000
Operating Expenses	45,044,000	45,044,000	39,247,000	37,978,000	35,415,000
Operating Income	-9,017,000	-9,017,000	-11,308,000	-27,082,000	-308,000
Interest Expense	231,000	231,000	11,000	6,172,000	17,000
Income Before Tax	-18,711,000	-18,711,000	-10,770,000	-28,390,000	-325,000
Income Tax Expense	392,000	392,000	3,049,000	3,130,000	2,886,000
Net Income	-19,103,000	-19,103,000	-13,819,000	-31,520,000	-3,211,000
Per Share
EPS	-1.53	-1.53	-1.11	-2.57	-0.26
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Culp Inc (CULP).
Balance Sheet (Quarterly)	2025-04-27	2024-04-30	2024-04-28	2023-04-30
Assets
Cash and Cash Equivalents	5,629,000	10,012,000	10,012,000	20,964,000
Short Term Investments	1,325,000	903,000	903,000	1,404,000
Net Receivables	22,124,000	21,752,000	21,752,000	24,997,000
Inventory	49,309,000	44,843,000	44,843,000	45,080,000
Total Current Assets	83,534,000	80,881,000	80,881,000	95,516,000
Property Plant Equipment	30,744,000	39,385,000	39,385,000	44,302,000
Goodwill and Intangibles	960,000	0	1,876,000	2,252,000
Total Assets	123,370,000	132,054,000	132,054,000	152,183,000
Liabilities
Account Payables	27,323,000	25,607,000	25,607,000	29,498,000
Short Term Debt	10,508,000	2,061,000	2,061,000	2,640,000
Total Current Liabilities	46,964,000	38,107,000	38,107,000	44,020,000
Long Term Debt	7,135,000	0	2,422,000	3,612,000
Total Liabilities	65,730,000	55,925,000	55,925,000	63,103,000
Shareholders Equity
Retained Earnings	11,273,000	0	30,376,000	44,195,000
Total Shareholders Equity	57,640,000	76,129,000	76,129,000	89,080,000

Balance sheet annual history for Culp Inc (CULP).
Balance Sheet (Annual)	2025-04-27	2024-04-30	2024-04-28	2023-04-30	2022-05-01
Assets
Cash and Cash Equivalents	5,629,000	10,012,000	10,012,000	20,964,000	14,550,000
Short Term Investments	1,325,000	903,000	903,000	1,404,000	0
Net Receivables	22,124,000	21,752,000	21,752,000	24,997,000	23,083,000
Inventory	49,309,000	44,843,000	44,843,000	45,080,000	66,557,000
Total Current Assets	83,534,000	80,881,000	80,881,000	95,516,000	107,176,000
Property Plant Equipment	30,744,000	39,385,000	39,385,000	44,302,000	57,279,000
Goodwill and Intangibles	960,000	0	1,876,000	2,252,000	2,628,000
Total Assets	123,370,000	132,054,000	132,054,000	152,183,000	177,563,000
Liabilities
Account Payables	27,323,000	25,607,000	25,607,000	29,498,000	20,572,000
Short Term Debt	10,508,000	2,061,000	2,061,000	2,640,000	3,219,000
Total Current Liabilities	46,964,000	38,107,000	38,107,000	44,020,000	32,556,000
Long Term Debt	7,135,000	0	2,422,000	3,612,000	7,062,000
Total Liabilities	65,730,000	55,925,000	55,925,000	63,103,000	58,062,000
Shareholders Equity
Retained Earnings	11,273,000	0	30,376,000	44,195,000	75,715,000
Total Shareholders Equity	57,640,000	76,129,000	76,129,000	89,080,000	119,501,000

Cash flow quarterly history for Culp Inc (CULP).
Cash Flow Statement (Quarterly)	2025-04-27	2024-04-28	2023-04-30	2022-05-01
Operating Activities
Net Income	-19,103,000	-13,819,000	-31,520,000	-3,211,000
Depreciation & Amortization	5,845,000	6,911,000	7,283,000	7,553,000
Stock Based Compensation	650,000	915,000	1,145,000	1,133,000
Change in Working Capital	-3,812,000	2,838,000	25,139,000	-24,073,000
Operating Cash Flow	-17,650,000	-8,224,000	7,804,000	-17,441,000
Investing Activities
Capital Expenditure	-2,947,000	-3,711,000	-2,108,000	-5,695,000
Investments	-2,947,000	-3,711,000	-2,108,000	-5,695,000
Investing Cash Flow	598,000	-2,431,000	-752,000	2,496,000
Financing Activities
Debt Repayment	12,741,000	-20,000	0	-9,000,000
Common Stock Issued/Repurchased	-68,000	-146,000	-33,000	-1,752,000
Dividends Paid	0	0	-5,511,000	-5,511,000
Financing Cash Flow	12,673,000	-126,000	-436,000	-7,423,000
Summary
Free Cash Flow	-20,597,000	-11,935,000	5,696,000	-23,136,000
Net Change in Cash	-4,383,000	-10,952,000	6,414,000	-22,459,000

Cash flow annual history for Culp Inc (CULP).
Cash Flow Statement (Annual)	2025-04-27	2024-04-28	2023-04-30	2022-05-01	2021-05-02
Operating Activities
Net Income	-19,103,000	-13,819,000	-31,520,000	-3,211,000	3,218,000
Depreciation & Amortization	5,845,000	6,911,000	7,283,000	7,553,000	7,312,000
Stock Based Compensation	650,000	915,000	1,145,000	1,133,000	1,251,000
Change in Working Capital	-3,812,000	2,838,000	25,139,000	-24,073,000	5,330,000
Operating Cash Flow	-17,650,000	-8,224,000	7,804,000	-17,441,000	21,478,000
Investing Activities
Capital Expenditure	-2,947,000	-3,711,000	-2,108,000	-5,695,000	-6,664,000
Investments	-2,947,000	-3,711,000	-2,108,000	-5,695,000	0
Investing Cash Flow	598,000	-2,431,000	-752,000	2,496,000	-10,680,000
Financing Activities
Debt Repayment	12,741,000	-20,000	0	-9,000,000	-38,378,000
Common Stock Issued/Repurchased	-68,000	-146,000	-33,000	-1,752,000	0
Dividends Paid	0	0	-5,511,000	-5,511,000	-5,292,000
Financing Cash Flow	12,673,000	-126,000	-436,000	-7,423,000	-43,710,000
Summary
Free Cash Flow	-20,597,000	-11,935,000	5,696,000	-23,136,000	14,814,000
Net Change in Cash	-4,383,000	-10,952,000	6,414,000	-22,459,000	-32,781,000