Culp Inc income statement
In fiscal 2026, Culp Inc reported revenue of $203m, down 4.6% on the year before, operating income of −$7.2m (a -3.5% margin) and net income of −$10.2m, or −$0.81 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010May 2010 | 2011May 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014Apr 2014 | 2015May 2015 | 2016May 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020May 2020 | 2021May 2021 | 2022May 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025Apr 2025 | 2026May 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 206 | 217 | 254 | 269 | 287 | 310 | 313 | 310 | 324 | 281 | 256 | 300 | 295 | 235 | 225 | 213 | 203 | 207 |
| Cost of revenue | — | — | — | — | — | — | — | 240 | 259 | 236 | 216 | 250 | 259 | 224 | 197 | 188 | 178 | 173 |
| Gross profit | 39 | 37 | 40 | 50 | 49 | 56 | 65 | 69 | 65 | 46 | 40 | 50 | 36 | 11 | 28 | 25 | 25 | 33 |
| Selling, general and administrative | 23 | 21 | 25 | 28 | 29 | 33 | 37 | 39 | 37 | 33 | 34 | 38 | 35 | 38 | 39 | 36 | 35 | 34 |
| Operating income | 16 | 16 | 15 | 21 | 20 | 23 | 28 | 30 | 27 | 13 | −8 | 12 | 1 | −28 | −11 | −18 | −7 | −2 |
| Interest expense | 1 | 1 | 1 | 1 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 1 | 1 |
| Income before tax | 14 | 15 | 14 | 20 | 19 | 23 | 28 | 30 | 27 | 13 | −8 | 11 | −0 | −28 | −11 | −19 | −8 | −3 |
| Income tax | 1 | −1 | 1 | 2 | 2 | 8 | 11 | 7 | 6 | 7 | 3 | 8 | 3 | 3 | 3 | 0 | 2 | 1 |
| Net income | 13 | 16 | 13 | 18 | 17 | 15 | 17 | 22 | 21 | 6 | −29 | 3 | −3 | −32 | −14 | −19 | −10 | −4 |
| Diluted EPS | $1.01 | $1.22 | $1.03 | $1.47 | $1.41 | $1.21 | $1.36 | $1.78 | $1.65 | $0.43 | −$2.32 | $0.26 | −$0.26 | −$2.57 | −$1.11 | −$1.53 | −$0.81 | −$0.32 |
| Diluted shares (average) | — | 13m | 13m | 12m | 12m | 12m | 12m | 13m | 13m | 13m | 12m | 12m | 12m | 12m | 12m | 13m | 13m | 13m |
| EBITDA | 20 | 20 | 20 | 26 | 26 | 29 | 35 | 37 | 35 | 21 | 0 | 19 | 8 | −22 | −5 | −13 | −3 | 2 |
| Quarter | 2025 Q2Oct 2024 | 2025 Q3Jan 2025 | 2025 Q4Apr 2025 | 2026 Q1Aug 2025 | 2026 Q2Nov 2025 | 2026 Q3Feb 2026 | 2026 Q4May 2026 | 2027 Q1Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 56 | 52 | 49 | 51 | 53 | 48 | 52 | 54 |
| Cost of revenue | 50 | 46 | 41 | 43 | 47 | 43 | 45 | 39 |
| Gross profit | 6 | 6 | 8 | 7 | 6 | 5 | 7 | 15 |
| Selling, general and administrative | 9 | 9 | 8 | 9 | 9 | 8 | 8 | 9 |
| Operating income | −5 | −4 | −2 | 2 | −3 | −4 | −2 | 7 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −6 | −4 | −2 | 1 | −4 | −3 | −2 | 7 |
| Income tax | −0 | 0 | −0 | 1 | 0 | 0 | 0 | 1 |
| Net income | −6 | −4 | −2 | −0 | −4 | −3 | −2 | 6 |
| Diluted EPS | −$0.45 | −$0.33 | −$0.17 | −$0.02 | −$0.34 | −$0.27 | −$0.18 | $0.47 |
| EBITDA | −4 | −3 | −1 | 3 | −2 | −3 | −1 | 8 |
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