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.
  • Since 2012, we have repurchased approximately 10 percent of our outstanding shares