| Business Summary | | Culp,
Inc.
manufactures
and
markets
upholstery
fabrics
and
mattress
tickings
primarily
for
use
in
the
furniture
(residential,
commercial
and
juvenile)
and
bedding
industries
on
a
worldwide
basis.
Culp
is
an
integrated
marketer
of
furniture
upholstery
fabrics
in
the
world
and
is
a
global
producer
of
mattress
fabrics
(known
as
mattress
ticking).
The
Company's
fabrics
are
used
principally
in
the
production
of
residential
and
commercial
furniture
and
bedding
products,
including
sofas,
recliners,
chairs,
loveseats,
sectionals,
sofa-beds,
office
seating,
panel
systems
and
mattress
sets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Culp,
Inc.
manufactures
and
markets
upholstery
fabrics
and
mattress
tickings
for
the
furniture
and
bedding
industries.
For
the
fiscal
year
ended
4/29/01,
revenues
decreased
16%
to
$409.8
million.
Net
loss
totaled
$8.3
million
vs.
an
income
of
$9.4
million.
Revenues
reflect
lower
sales
of
upholstery
fabrics
and
the
persistent
weakness
in
consumer
spending
on
home
furnishings.
Net
loss
also
reflects
lower
gross
margins
and
a
$5.6
million
restructuring
charge. Recent Earnings Announcement For
the
3
months
ended
07/29/2001,
revenues
were
86,463;
after
tax
earnings
were
-2,882. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Robert Culp, lll, 54 Chairman,
CEO | $488K | Howard Dunn, Jr., 63 Pres,
COO, Director | 407K | Franklin Saxon, 49 CFO,
Exec. VP, Pres, Culp Velvets/Prints Division Director | 315K | Kenneth Ludwig, 48 Sr.
VP- HR and Assistant Sec. | 238K | Rodney Smith, 53 Sr.
VP and Pres of the Culp Yarn division | 184K | Dollar
amounts are as of 29-Apr-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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