Stock Purchase

Culp Stock Repurchase Plan

  • In fiscal 2012 and 2013, the company repurchased 1.1 million shares of Culp common stock at a value of $10.4 million.  
  • No shares were repurchased in fiscal 2014.
  • We repurchased 43,014 shares for approximately $745,000 in fiscal 2015.
  • We repurchased 100,776 shares for approximately $2.4 million in fiscal 2016.
  • In June 2016, the Board of Directors approved an increase in the authorization for the company to acquire its common stock back to a total of $5.0 million
  • No shares were repurchased in fiscal 2017 or 2018.
  • The company has repurchased 160,000 shares during the first nine months of fiscal 2019.
  • Since 2012, we have repurchased approximately 10 percent of our outstanding shares
  • We repurchased 160,823 shares for approximately $3.3 million in fiscal 2019.
  • In September 2019, the Board of Directors approved an increase in the authorization for the company to acquire its common stock back to a total of $5.0 million.
  • We repurchased 142,496 shares for approximately $1.7 million in fiscal 2020. The Board of Directors subsequently approved an increase in the authorization for the company to acquire its common stock back to a total of $5.0 million in March 2020.