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Robert G. Culp IV, the President and CEO of Culp Inc (NYSE:CULP), has made a significant purchase of company stock, according to a recent SEC filing. On March 10, 2025, Culp acquired 14,001 shares of common stock at an estimated price of $4.94 per share, totaling approximately $69,164. The purchase comes as the company, currently valued at $63.67 million, faces challenging market conditions with revenue declining 9.8% over the last twelve months. InvestingPro analysis reveals several key challenges ahead for the company.
This transaction increases Culp’s direct ownership to 92,030 shares. Additionally, he holds indirect shares through trusts for his children, with 1,740 shares each held by the Anna S. Culp Irrevocable Trust and the Robert G. Culp, V Irrevocable Trust. While the company maintains a moderate debt level with a current ratio of 1.68, InvestingPro data shows the company faces profitability challenges, with negative EBITDA of $7.59 million. Get access to 7 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
The transaction details were provided based on estimates from the company’s 401(K) plan administrator. The stock currently trades at $5.09, between its 52-week range of $4.20 to $6.85.
In other recent news, Culp Inc. reported financial results for the first quarter of 2025 that fell short of expectations. The company’s earnings per share (EPS) showed a loss of $0.33, missing the forecasted EPS of $0.04. Revenue was also below expectations, coming in at $52.3 million against the anticipated $62 million. Culp Inc. experienced a net loss of $4.1 million for the quarter. The company noted a 13.5% year-over-year decline in net sales, despite efforts to improve operational efficiencies. Analysts have not yet provided any upgrades or downgrades following these results. The company remains focused on operational improvements and strategic initiatives, with a goal of returning to profitability by fiscal 2026.
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