Tranche Update on Culp, Inc.'s Equity Buyback Plan announced on August 29, 2012.
September 01, 2021 at 04:31 pm EDT
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From May 3, 2021 to August 1, 2021, the company has repurchased 48,686 shares, representing 0.4% for $0.73 million. With this, the company has completed the repurchase of 497,795 shares, representing 4.02% for $8.89 million under the buyback announced on August 29, 2012.
Culp, Inc. is a marketer of mattress fabrics for bedding and upholstery fabrics for residential and commercial furniture. The Company markets a variety of fabrics to its global customer base of bedding and furniture companies, including fabrics produced at the Company's manufacturing facilities and fabrics sourced through other suppliers. The Company operates through two segments. The mattress fabrics segment markets primarily knitted and woven fabrics, as well as sewn covers made from those fabrics, which are used in the production of bedding products, including mattresses, foundations, and mattress sets. The upholstery fabrics segment markets a variety of fabric products that are used principally in the production of residential and commercial upholstered furniture, including sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating, as well as window treatment products and installation services for customers in the hospitality and commercial industries.
CULP, INC. 
