Fireside Chat Series with Ken Bowling, Executive Vice President, CFO & Treasurer of Culp, Inc. on Tuesday, July 20, 2021 at 1:30pm EDT
|52 Week Range||$8.73-$17.88|
|Avg. Daily Vol. (30 day)||32,336|
|Shares Out (MM)||12.3|
|Market Cap (MM)||$185.00|
|Insiders Own %||5%|
|Institutional Ownership %||74%|
|Short Int./% of Float||20k / 0.17%|
|Debt to Equity||$0|
|Revenue TTM (MM)||$300|
|Fiscal Year End||May|
On Tuesday, July 20th at 1:30 pm EDT, we will be hosting Ken Bowling, Executive Vice President, CFO and Treasurer of Culp, Inc., for a fireside chat that will explore Culp’s business model from a financial perspective. The event is open to all.
As detailed in our Water Tower Research initiation of coverage and in our most recent quarterly update report, Culp enjoys a significant market presence in two markets of the home furnishings industry: fabrics for upholstery and fabrics for mattresses. In addition to its domestic operations, Culp has developed capabilities in Asia, Europe, and Central America that provide competitive advantages yet attendant complexities. During our conversation, we will explore Culp’s financial journey to its current business model to help investors better understand the financial drivers of each segment and potential returns.
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Founded in 1972 and headquartered in High Point, North Carolina, Culp. Inc manufactures, markets, and supplies a wide range of mattress and upholstery fabrics in the U.S. and across the globe.
For investors, Culp, Inc. reports the results of its operations in two segments: (1) Mattress Fabrics, known as Culp Home Fashions, and (2) Upholstery Fabrics, known as Culp Upholstery Fabrics. The company is known and respected as a market leader in each segment.
Culp was founded on the principles of superior customer service and innovation.
Kenneth R. Bowling
Executive Vice President, Chief Financial Officer & Treasurer
Kenneth R Bowling (Ken) graduated from Berea College in 1984 with a B.S. degree in Business Administration. He later achieved his MBA from Wake Forest University in 2000. Ken is also a certified internal auditor.
He began his career with Ashland Oil in Ashland, Kentucky, as an internal auditor in 1984 and worked in this position for three years, rising to the level of senior auditor. From Ashland Oil, Ken switched industries and went to work for Proctor-Silex, a manufacturer of small kitchen appliances headquartered in Richmond, Virginia. He spent ten years with Proctor Silex, taking on increasing responsibilities ranging from internal audit manager to division controller for operations in the U.S. and Mexico.
In 1997, Ken changed industries and began working for Culp, Inc., as division controller for the Culp Velvets/Prints division. While at Culp, Ken was promoted to corporate controller in 2001 and was later named corporate controller and assistant treasurer in 2002. In 2004, Ken was promoted to vice president of finance and treasurer. He became Culp’s chief financial officer in 2007 as well as corporate secretary in 2008. Ken was named senior vice president in 2016, and in 2019, he was promoted to executive vice president.
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