Exhibit 99(b)
Page 1 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
CONSOLIDATED STATEMENTS OF NET INCOME
FOR THREE MONTHS ENDED April 29, 2018 AND April 30, 2017
(UNAUDITED)
(Amounts in Thousands, Except for Per Share Data)


	THREE MONTHS ENDED

	Amounts									Percent of Sales
	April 29,			April 30			% Over			April 29,			April 30,
	2018			2017			(Under)			2018			2017

Net sales	$	78,184			77,350			1.1	%		100.0	%		100.0	%
Cost of sales		63,424			60,194			5.4	%		81.1	%		77.8	%
Gross profit		14,760			17,156			(14.0	)%		18.9	%		22.2	%

Selling, general and
administrative expenses		8,296			9,986			(16.9	)%		10.6	%		12.9	%
Income from operations		6,464			7,170			(9.8	)%		8.3	%		9.3	%

Interest expense		26			-			100.0	%		0.0	%		0.0	%
Interest income		(143	)		(134	)		6.7	%		(0.2	)%		(0.2	)%
Other expense		115			305			(62.3	)%		0.1	%		0.4	%
Income before income taxes		6,466			6,999			(7.6	)%		8.3	%		9.0	%

Income taxes*		(6,217	)		778		N.M.				(96.1	)%		11.1	%

Loss from investment in unconsolidated joint venture		17			23			(26.1	)%		0.0	%		0.0	%
Net income	$	12,666			6,198			104.4	%		16.2	%		8.0	%

Net income per share-basic	$	1.02		$	0.50			104.0	%
Net income per share-diluted	$	1.00		$	0.49			104.1	%
Average shares outstanding-basic		12,450			12,340			0.9	%
Average shares outstanding-diluted		12,611			12,567			0.4	%

* Percent of sales column for income taxes is calculated as a % of income before income taxes.

N.M. - Not meaningful.

CULP, INC. FINANCIAL INFORMATION RELEASE
PROFORMA CONSOLIDATED INCOME TAXES AND NET INCOME
FOR THREE MONTHS ENDED APRIL 29, 2018
(UNAUDITED)
(Amounts in Thousands, Except for Per Share Data)



				Amounts (2)					Percent of Sales

	As Reported						April 29, 2018		As Reported			April 29, 2018
	April 29,			(1)			Proforma Net		April 29,			Proforma Net
	2018			Adjustments			of Adjustments		2018			of Adjustments


Income before income taxes	$	6,466			-			6,466		8.3	%		8.3	%

Income taxes*		(6,217	)		7,988			1,771		(96.1	)%		27.4	%

Loss from investment in unconsolidated joint venture		17			-			17		0.0	%		0.0	%
Net income	$	12,666			(7,988	)		4,678		16.2	%		6.0	%

Net income per share-basic	$	1.02		$	(0.64	)	$	0.38
Net income per share-diluted	$	1.00		$	(0.63	)	$	0.37
Average shares outstanding-basic		12,450			12,450			12,450
Average shares outstanding-diluted		12,611			12,611			12,611

(1)	Adjustments represent the income tax effects of the Tax Cuts and Jobs Act (TCJA) enacted on December 22, 2017, of which an income tax benefit of $9.1 million pertains to reduction in our U.S. Federal income tax rate pursuant to the TCJA on the effective settlement on an IRS exam and the mandatory repatriation of undistributed earnings and profits associated with our foreign subsidiaries partially offset by a $1.1 million charge that relates to the revaluation of our U.S. deferred income taxes as a result of the reduction in our annual effective income tax rate pursuant to the TCJA.

(2)	No proforma adjustments were applicable for the comparative three-month period ending April 30, 2017, as the TCJA was not enacted or effective prior to December 22, 2017. See the above consolidated income statement for the three-month period ending April 30, 2017 for reported amounts.

* Percent of sales column for income taxes is calculated as a % of income before income taxes.

Page 2 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
CONSOLIDATED STATEMENTS OF NET INCOME
FOR TWELVE MONTHS ENDED APRIL 29, 2018 AND APRIL 30, 2017
(UNAUDITED)
(Amounts in Thousands, Except for Per Share Data)




	TWELVE MONTHS ENDED

	Amounts									Percent of Sales
	April 29,			April 30,			% Over			April 29,			April 30,
	2018			2017			(Under)			2018			2017

Net sales	$	323,725			309,544			4.6	%		100.0	%		100.0	%
Cost of sales		259,092			240,309			7.8	%		80.0	%		77.6	%
Gross profit		64,633			69,235			(6.6	)%		20.0	%		22.4	%

Selling, general and
administrative expenses		37,172			39,157			(5.1	)%		11.5	%		12.6	%
Income from operations		27,461			30,078			(8.7	)%		8.5	%		9.7	%

Interest expense		94			-			100.0	%		0.0	%		0.0	%
Interest income		(534	)		(299	)		78.6	%		(0.2	)%		(0.1	)%
Other expense		1,018			681			49.5	%		0.3	%		0.2	%
Income before income taxes		26,883			29,696			(9.5	)%		8.3	%		9.6	%

Income taxes*		5,740			7,339			(21.8	)%		21.4	%		24.7	%

Loss from investment in unconsolidated joint venture		266			23		N.M.				0.1	%		0.0	%
Net income	$	20,877			22,334			(6.5	)%		6.4	%		7.2	%

Net income per share-basic	$	1.68		$	1.81			(7.2	)%
Net income per share-diluted	$	1.65		$	1.78			(7.3	)%
Average shares outstanding-basic		12,431			12,312			1.0	%
Average shares outstanding-diluted		12,633			12,518			0.9	%


* Percent of sales column for income taxes is calculated as a % of income before income taxes.

CULP, INC. FINANCIAL INFORMATION RELEASE
PROFORMA CONSOLIDATED INCOME TAXES AND NET INCOME
FOR TWELVE MONTHS ENDED APRIL 29, 2018
(UNAUDITED)
(Amounts in Thousands, Except for Per Share Data)



			Amounts (2)					Percent of Sales

	As Reported					April 29, 2018		As Reported			April 29, 2018
	April 29, 2018		Adjustments⁽¹⁾			Proforma Net of Adjustments		April 29, 2018			Proforma Net of Adjustments


Income before income taxes	$	26,883		-			26,883		8.3	%		8.3	%

Income taxes*		5,740		2,049			7,789		21.4	%		29.0	%

Loss from investment in unconsolidated joint venture		266		-			266		0.1	%		0.1	%
Net income	$	20,877		(2,049	)		18,828		6.4	%		5.8	%

Net income per share-basic	$	1.68	$	(0.16	)	$	1.51
Net income per share-diluted	$	1.65	$	(0.16	)	$	1.49
Average shares outstanding-basic		12,431		12,431			12,431
Average shares outstanding-diluted		12,633		12,633			12,633

(1)	Adjustments represent the income tax effects of the Tax Cuts and Jobs Act (TCJA) enacted on December 22, 2017, of which an income tax benefit of $4.3 million pertains to reduction in our U.S. Federal income tax rate pursuant to the TCJA on the effective settlement on an IRS exam and the mandatory repatriation of undistributed earnings and profits associated with our foreign subsidiaries partially offset by a $2.2 million charge that relates to the revaluation of our U.S. deferred income taxes as a result of the reduction in our annual effective income tax rate pursuant to the TCJA.

(2)	No proforma adjustments were applicable for the comparative twelve-month period ending April 30, 2017, as the TCJA was not enacted or effective prior to December 22, 2017. See the above consolidated income statement for the twelve-month period ending April 30, 2017 for reported amounts.

* Percent of sales column for income taxes is calculated as a % of income before income taxes.

Page 3 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
CONSOLIDATED BALANCE SHEETS
APRIL 29, 2018 AND APRIL 30, 2017
Unaudited
(Amounts in Thousands)


	Amounts
			(Condensed)		Increase
	April 29,		April 30,		(Decrease)
	2018		2017		Dollars			Percent

Current assets
Cash and cash equivalents	$	21,228		20,795		433			2.1	%
Short-term investments - Available for Sale		2,451		2,443		8			0.3	%
Short-term investments - Held-To-Maturity		25,759		-		25,759			100.0	%
Accounts receivable		26,307		24,577		1,730			7.0	%
Inventories		53,454		51,482		1,972			3.8	%
Other current assets		2,870		2,894		(24	)		(0.8	)%
Total current assets		132,069		102,191		29,878			29.2	%

Property, plant & equipment, net		51,794		51,651		143			0.3	%
Goodwill		13,569		11,462		2,107			18.4	%
Deferred income taxes		1,458		419		1,039			248.0	%
Long-term Investments - Held-To-Maturity		5,035		30,945		(25,910	)		(83.7	)%
Long-term Investments - Rabbi Trust		7,326		5,466		1,860			34.0	%
Investment in unconsolidated joint venture		1,501		1,106		395			35.7	%
Other assets		5,232		2,394		2,838			118.5	%

Total assets	$	217,984		205,634		12,350			6.0	%



Current liabilities
Accounts payable - trade	$	27,237		29,101		(1,864	)		(6.4	)%
Accounts payable - capital expenditures		1,776		4,767		(2,991	)		(62.7	)%
Deferred revenue		809		-		809			100.0	%
Accrued expenses		9,325		11,947		(2,622	)		(21.9	)%
Income taxes payable - current		1,437		287		1,150			400.7	%
Total current liabilities		40,584		46,102		(5,518	)		(12.0	)%

Accounts payable - capital expenditures		-		1,322		(1,322	)		(100.0	)%
Accrued expenses - long-term		763		-		763			100.0	%
Income taxes payable - long-term		3,758		467		3,291			704.7	%
Deferred income taxes		2,150		3,593		(1,443	)		(40.2	)%
Deferred compensation		7,353		5,520		1,833			33.2	%

Total liabilities		54,608		57,004		(2,396	)		(4.2	)%

Shareholders' equity		163,376		148,630		14,746			9.9	%

Total liabilities and
shareholders' equity	$	217,984		205,634		12,350			6.0	%

Shares outstanding		12,450		12,357		93			0.8	%

* Derived from audited financial statements.

Page 4 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
SUMMARY OF CASH AND INVESTMENTS
APRIL 29, 2018 AND APRIL 30, 2017
Unaudited
(Amounts in Thousands)







	April 29,		April 30,
	2018			2017	*


Cash and cash equivalents	$	21,228	$	20,795

Short-term investments - Available for Sale		2,451		2,443

Short-term investments - Held-To-Maturity		25,759		-

Long-term investments - Held-To-Maturity		5,035		30,945

Total Cash and Investments	$	54,473	$	54,183

* Derived from audited financial statements.

Page 5 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE TWELVE MONTHS ENDED APRIL 29, 2018 AND APRIL 30, 2017
Unaudited
(Amounts in Thousands)


	TWELVE MONTHS ENDED

	Amounts
	April 29,			April 30,
	2018			2017

Cash flows from operating activities:
Net income	$	20,877			22,334
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation		7,672			7,085
Amortization of assets		351			244
Stock-based compensation		2,212			3,358
Deferred income taxes		(2,482	)		4,667
Realized loss on sale of short-term investments (Available for Sale)		-			12
Gain on sale of equipment		-			(131	)
Loss from investment in unconsolidated joint venture		266			23
Foreign currency exchange loss		66			78
Changes in assets and liabilities, net of effects of acquisition of assets:
Accounts receivable		(299	)		(1,555	)
Inventories		(24	)		(5,437	)
Other current assets		226			(495	)
Other assets		(81	)		30
Accounts payable		(4,028	)		5,828
Deferred revenue		(94	)		-
Accrued expenses and deferrred compensation		(1,562	)		992
Income taxes		4,373			(2,966	)
Net cash provided by operating activities		27,473			34,067		(2)

Cash flows from investing activities:
Capital expenditures		(8,005	)		(11,858	)
Net cash paid for acquistion of assets		(4,541	)		-
Investment in unconsolidated joint venture		(661	)		(1,129	)
Proceeds from the sale of short-term investments (Available for Sale)		-			2,000
Purchase of short-term investments (Available for Sale)		(49	)		(44	)
Purchase of long-term investments (Held-To-Maturity)		-			(31,020	)
Proceeds from the sale of long-term investments (Rabbi Trust)		57			-
Purchase of long-term investments (Rabbi Trust)		(1,902	)		(1,351	)
Premium payment on life insurance policy		(18	)		(18	)
Proceeds from the sale of equipment		6			141
Net cash used in investing activities		(15,113	)		(43,279	)

Cash flows from financing activities:
Proceeds from line of credit		19,000			9,000
Payments on line of credit		(19,000	)		(9,000	)
Payments on vendor-financed capital expenditures		(3,750	)		(1,050	)
Dividends paid		(6,843	)		(6,280	)
Common stock surrendered for withholding taxes payable		(1,530	)		(429	)
Payments of debt issuance costs		-			(2	)
Proceeds from common stock issued		111			37
Net cash used in financing activities		(12,012	)		(7,724	)	(2)

Effect of exchange rate changes on cash and cash equivalents		85			(56	)

Increase (decrease) in cash and cash equivalents		433			(16,992	)

Cash and cash equivalents at beginning of period		20,795			37,787

Cash and cash equivalents at end of period	$	21,228			20,795


Free Cash Flow (1)	$	13,285			18,746		(2)

(1) Free Cash Flow reconciliation is as follows:
		FY 2018			FY 2017
A)	Net cash provided by operating activities	$	27,473			34,067
B)	Minus: Capital Expenditures		(8,005	)		(11,858	)
C)	Minus: Investment in unconsolidated joint venture		(661	)		(1,129	)
D)	Minus: Premium payment on life insurance policy		(18	)		(18	)
E)	Plus: Proceeds from the sale of equipment		6			141
F)	Minus: Payments on vendor-financed capital expenditures		(3,750	)		(1,050	)
G)	Plus: Proceeds from the sale of long-term investments (Rabbi Trust)		57			-
H)	Minus: Purchase of long-term investments (Rabbi Trust)		(1,902	)		(1,351	)
I)	Effects of exchange rate changes on cash and cash equivalents		85			(56	)
		$	13,285			18,746

(2)

During the first quarter of fiscal 2018, we adopted ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." Accordingly, we reclassified certain amounts on our Statement of Cash Flows for the twelve months ended April 30, 2017 to conform to the current year's presentation. As a result, our net cash provided by operating activities increased by $1,086 which was fully offset by a corresponding increase of $1,086 to our net cash used in financing activities. Additionally, our free cash flow increased $429.

Page 6 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
STATEMENTS OF OPERATIONS BY SEGMENT
FOR THE THREE MONTHS ENDED April 29, 2018 AND APRIL 30, 2017
(Unaudited)
(Amounts in thousands)


	THREE MONTHS ENDED

	Amounts									Percent of Total Sales
	April 29,			April 30,			% Over			April 29,			April 30,
Net Sales by Segment	2018			2017			(Under)			2018			2017

Mattress Fabrics	$	46,525			48,828			(4.7	)%		59.5	%		63.1	%
Upholstery Fabrics		31,659			28,522			11.0	%		40.5	%		36.9	%

Net Sales	$	78,184			77,350			1.1	%		100.0	%		100.0	%


Gross Profit by Segment										Gross Profit Margin

Mattress Fabrics	$	9,155			10,653			(14.1	)%		19.7	%		21.8	%
Upholstery Fabrics		5,605			6,503			(13.8	)%		17.7	%		22.8	%
Gross Profit	$	14,760			17,156			(14.0	)%		18.9	%		22.2	%



Selling, General and Administrative Expenses by Segment										Percent of Sales

Mattress Fabrics	$	3,067			3,500			(12.4	)%		6.6	%		7.2	%
Upholstery Fabrics		3,424			3,993			(14.2	)%		10.8	%		14.0	%
Unallocated Corporate expenses		1,805			2,493			(27.6	)%		2.3	%		3.2	%
Selling, General and Administrative Expenses	$	8,296			9,986			(16.9	)%		10.6	%		12.9	%


Operating Income (loss) by Segment										Operating Income (Loss) Margin

Mattress Fabrics	$	6,088			7,153			(14.9	)%		13.1	%		14.6	%
Upholstery Fabrics		2,181			2,510			(13.1	)%		6.9	%		8.8	%
Unallocated corporate expenses		(1,805	)		(2,493	)		(27.6	)%		(2.3	)%		(3.2	)%
Operating income	$	6,464			7,170			(9.8	)%		8.3	%		9.3	%


Depreciation by Segment

Mattress Fabrics	$	1,781			1,572			13.3	%
Upholstery Fabrics		211			209			1.0	%
Depreciation	$	1,992			1,781			11.8	%

Page 7 of 10

CULP, INC. FINANCIAL INFORMATION RELEASE
STATEMENTS OF OPERATIONS BY SEGMENT
FOR THE TWELVE MONTHS ENDED APRIL 29, 2018 AND APRIL 30, 2017
(Unaudited)
(Amounts in thousands)


	TWELVE MONTHS ENDED

	Amounts									Percent of Total Sales
	April 29,			April 30,			% Over			April 29,			April 30,
Net Sales by Segment	2018			2017			(Under)			2018			2017

Mattress Fabrics	$	192,597			190,805			0.9	%		59.5	%		61.6	%
Upholstery Fabrics		131,128			118,739			10.4	%		40.5	%		38.4	%

Net Sales	$	323,725			309,544			4.6	%		100.0	%		100.0	%


Gross Profit by Segment										Gross Profit Margin

Mattress Fabrics	$	38,797			43,065			(9.9	)%		20.1	%		22.6	%
Upholstery Fabrics		25,836			26,170			(1.3	)%		19.7	%		22.0	%
Gross Profit	$	64,633			69,235			(6.6	)%		20.0	%		22.4	%


Selling, General and Administrative Expenses by Segment										Percent of Sales

Mattress Fabrics	$	12,935			13,685			(5.5	)%		6.7	%		7.2	%
Upholstery Fabrics		14,881			15,079			(1.3	)%		11.3	%		12.7	%
Unallocated Corporate expenses		9,356			10,393			(10.0	)%		2.9	%		3.4	%
Selling, General, and Administrative Expenses	$	37,172			39,157			(5.1	)%		11.5	%		12.6	%


Operating Income (loss) by Segment										Operating Income (Loss) Margin

Mattress Fabrics	$	25,861			29,380			(12.0	)%		13.4	%		15.4	%
Upholstery Fabrics		10,956			11,091			(1.2	)%		8.4	%		9.3	%
Unallocated corporate expenses		(9,356	)		(10,393	)		(10.0	)%		(2.9	)%		(3.4	)%
Operating income	$	27,461			30,078			(8.7	)%		8.5	%		9.7	%


Return on Capital (1)

Mattress Fabrics		29.3	%		37.5	%
Upholstery Fabrics		55.2	%		63.8	%
Unallocated Corporate		N/A			N/A
Consolidated		25.4	%		31.6	%

Capital Employed (2)

Mattress Fabrics	$	90,554			83,422			8.5	%
Upholstery Fabrics		25,386			16,006			58.6	%
Unallocated Corporate		(1,123	)		(999	)		N/A
Consolidated	$	114,817			98,429			16.6	%


Depreciation by Segment

Mattress Fabrics	$	6,850			6,245			9.7	%
Upholstery Fabrics		822			840			(2.1	)%
Depreciation	$	7,672			7,085			8.3	%

Notes:

(1) See pages 9 and 10 of this financial information release for calculations.

(2) The capital employed balances are as of April 29, 2018 and April 30, 2017.

Page 8 of 10

	CULP, INC. FINANCIAL INFORMATION RELEASE
	CONSOLIDATED STATEMENTS OF ADJUSTED EBITDA
	FOR THE TWELVE MONTHS ENDED APRIL 29, 2018 AND APRIL 30, 2017
	(UNAUDITED)
	(AMOUNTS IN THOUSANDS)



	Quarter Ended
													Trailing 12
													Months
	7/30/2017			10/29/2017			1/28/2018			4/29/2018			4/29/2018

Net income (loss)	$	4,983		$	3,976		$	(748	)	$	12,666		$	20,877
Income taxes		1,641			2,108			8,208			(6,217	)		5,740
Interest income, net		(131	)		(91	)		(101	)		(117	)		(440	)
Depreciation and amortization expense		1,889			1,990			2,048			2,096			8,023
Stock based compensation		757			801			864			(210	)		2,212
Adjusted EBITDA	$	9,139		$	8,784		$	10,271		$	8,218		$	36,412



	Quarter Ended
													Trailing 12
													Months
	7/31/2016			10/30/2016			1/29/2017			4/30/2017			4/30/2017

Net income	$	5,314		$	4,475		$	6,347		$	6,198		$	22,334
Income taxes		3,234			2,684			643			778			7,339
Interest income, net		(26	)		(15	)		(124	)		(134	)		(299	)
Depreciation and amortization expense		1,813			1,778			1,875			1,863			7,329
Stock based compensation		761			896			962			739			3,358
Adjusted EBITDA	$	11,096		$	9,818		$	9,703		$	9,444		$	40,061

% Over (Under)		-17.6	%		-10.5	%		5.9	%		-13.0	%		-9.1	%

Page 9 of 10

	CULP, INC. FINANCIAL INFORMATION RELEASE
	RETURN ON CAPITAL EMPLOYED BY SEGMENT
	FOR THE TWELVE MONTHS ENDED APRIL 29, 2018
	(Amounts in Thousands)
	(Unaudited)

	Operating Income
	Twelve Months			Average			Return on
	Ended			Capital			Avg. Capital
	April 29, 2018 (1)			Employed (3)			Employed (2)

Mattress Fabrics	$	25,861		$	88,289			29.3	%
Upholstery Fabrics		10,956			19,865			55.2	%
(less: Unallocated Corporate)		(9,356	)		(153	)		N/A
Total	$	27,461		$	108,001			25.4	%

Average Capital Employed	As of the three Months Ended April 29, 2018												As of the three Months Ended January 28, 2018												As of the three Months Ended October 29, 2017
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total

Total assets	$	107,889			44,828			65,267			217,984		$	106,686			43,458			66,700			216,844		$	107,517			34,974			58,552			201,043
Total liabilities		(17,335	)		(19,442	)		(17,831	)		(54,608	)		(18,418	)		(22,781	)		(23,463	)		(64,662	)		(16,150	)		(17,225	)		(14,588	)		(47,963	)

Subtotal	$	90,554		$	25,386		$	47,436		$	163,376		$	88,268		$	20,677		$	43,237		$	152,182		$	91,367		$	17,749		$	43,964		$	153,080
Less:
Cash and cash equivalents		-			-			(21,228	)		(21,228	)		-			-			(22,428	)		(22,428	)		-			-			(15,739	)		(15,739	)
Short-term investments - Available-For-Sale		-			-			(2,451	)		(2,451	)		-			-			(2,472	)		(2,472	)		-			-			(2,478	)		(2,478	)
Short-term investments - Held-To-Maturity		-			-			(25,759	)		(25,759	)		-			-			(17,206	)		(17,206	)		-			-			(4,015	)		(4,015	)
Long-term investments - Held-To-Maturity		-			-			(5,035	)		(5,035	)		-			-			(13,625	)		(13,625	)		-			-			(26,853	)		(26,853	)
Long-term investments - Rabbi Trust		-			-			(7,326	)		(7,326	)		-			-			(7,176	)		(7,176	)		-			-			(6,921	)		(6,921	)
Deferred income taxes - non-current		-			-			(1,458	)		(1,458	)		-			-			(1,942	)		(1,942	)		-			-			(491	)		(491	)
Income taxes payable - current		-			-			1,437			1,437			-			-			1,580			1,580			-			-			692			692
Income taxes payable - long-term		-			-			3,758			3,758			-			-			10,940			10,940			-			-			487			487
Deferred income taxes - non-current		-			-			2,150			2,150			-			-			2,096			2,096			-			-			4,641			4,641
Line of credit		-			-			-			-			-			-			-			-			-			-			-			-
Deferred compensation		-			-			7,353			7,353			-			-			7,216			7,216			-			-			6,970			6,970

Total Capital Employed	$	90,554		$	25,386		$	(1,123	)	$	114,817		$	88,268		$	20,677		$	220		$	109,165		$	91,367		$	17,749		$	257		$	109,373


	As of the three Months Ended July 30, 2017												As of the three Months Ended April 30, 2017
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total

Total assets	$	112,112			34,491			61,301			207,904		$	111,041			32,255			62,338			205,634
Total liabilities		(24,277	)		(14,983	)		(18,967	)		(58,227	)		(27,619	)		(16,249	)		(13,136	)		(57,004	)

Subtotal	$	87,835		$	19,508		$	42,334		$	149,677		$	83,422		$	16,006		$	49,202		$	148,630
Less:
Cash and cash equivalents		-			-			(18,322	)		(18,322	)		-			-			(20,795	)		(20,795	)
Short-term investments - Available-For-Sale		-			-			(2,469	)		(2,469	)		-			-			(2,443	)		(2,443	)
Short-term investments - Held-To-Maturity		-			-			-			-			-			-			-			-
Long-term investments - Held-To-Maturity		-			-			(30,907	)		(30,907	)		-			-			(30,945	)		(30,945	)
Long-term investments - Rabbi Trust		-			-			(6,714	)		(6,714	)		-			-			(5,466	)		(5,466	)
Deferred income taxes - non-current		-			-			(436	)		(436	)		-			-			(419	)		(419	)
Income taxes payable - current		-			-			884			884			-			-			287			287
Income taxes payable - long-term		-			-			487			487			-			-			467			467
Deferred income taxes - non-current		-			-			4,253			4,253			-			-			3,593			3,593
Line of credit		-			-			5,000			5,000			-			-			-			-
Deferred compensation		-			-			6,769			6,769			-			-			5,520			5,520

Total Capital Employed	$	87,835		$	19,508		$	879		$	108,222		$	83,422		$	16,006		$	(999	)	$	98,429


	Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total

Average Capital Employed (3)	$	88,289		$	19,865		$	(153	)	$	108,001

Notes:

(1)	See reconciliation per page 7 of this financial information release.

(2)	Return on average capital employed represents operating income for fiscal 2018 divided by average capital employed. Average capital employed does not include cash and cash equivalents, short-term investments - Available- For-Sale, short-term investments - Held-To-Maturity, long-term investments - Held-To-Maturity, long-term investments - Rabbi Trust, noncurrent deferred income tax assets and liabilities, income taxes receivable and payable, line of credit, and deferred compensation.

(3)	Average capital employed was computed using the quarterly five periods ending April 29, 2018, January 28, 2018, October 29, 2017, July 30, 2017 and April 30, 2017.

Page 10 of 10

	CULP, INC. FINANCIAL INFORMATION RELEASE
	RETURN ON CAPITAL EMPLOYED BY SEGMENT
	FOR THE TWELVE MONTHS ENDED APRIL 30, 2017
	(Amounts in Thousands)
	(Unaudited)

	Operating Income
	Twelve Months			Average			Return on
	Ended			Capital			Avg. Capital
	April 30, 2017 (1)			Employed (3)			Employed (2)

Mattress Fabrics	$	29,380		$	78,312			37.5	%
Upholstery Fabrics		11,091			17,371			63.8	%
(less: Unallocated Corporate)		(10,393	)		(628	)		N/A
Total	$	30,078		$	95,055			31.6	%

Average Capital Employed	As of the three Months Ended April 30, 2017												As of the three Months Ended January 29, 2017												As of the three Months Ended October 30, 2016
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total

Total assets	$	111,041		$	32,255		$	62,338		$	205,634		$	103,782		$	30,380		$	56,894		$	191,056		$	94,700		$	29,361		$	55,066		$	179,127
Total liabilities		(27,619	)		(16,249	)		(13,136	)		(57,004	)		(23,126	)		(11,960	)		(13,656	)		(48,742	)		(18,499	)		(11,180	)		(13,499	)		(43,178	)

Subtotal	$	83,422		$	16,006		$	49,202		$	148,630		$	80,656		$	18,420		$	43,238		$	142,314		$	76,201		$	18,181		$	41,567		$	135,949
Less:
Cash and cash equivalents		-			-			(20,795	)		(20,795	)		-			-			(15,659	)		(15,659	)		-			-			(13,910	)		(13,910	)
Short-term investments - Available-For-Sale		-			-			(2,443	)		(2,443	)		-			-			(2,410	)		(2,410	)		-			-			(2,430	)		(2,430	)
Long-term investments - Held-To-Maturity		-			-			(30,945	)		(30,945	)		-			-			(30,832	)		(30,832	)		-			-			(31,050	)		(31,050	)
Long-term investments - Rabbi Trust		-			-			(5,466	)		(5,466	)		-			-			(5,488	)		(5,488	)		-			-			(4,994	)		(4,994	)
Income taxes receivable		-			-			-			-			-			-			-			-			-			-			-			-
Deferred income taxes - non-current		-			-			(419	)		(419	)		-			-			(422	)		(422	)		-			-			(581	)		(581	)
Income taxes payable - current		-			-			287			287			-			-			217			217			-			-			513			513
Income taxes payable - long-term		-			-			467			467			-			-			1,817			1,817			-			-			3,734			3,734
Deferred income taxes - non-current		-			-			3,593			3,593			-			-			2,924			2,924			-			-			1,699			1,699
Line of credit		-			-			-			-			-			-			-			-			-			-			-			-
Deferred compensation		-			-			5,520			5,520			-			-			5,327			5,327			-			-			5,171			5,171

Total Capital Employed	$	83,422		$	16,006		$	(999	)	$	98,429		$	80,656		$	18,420		$	(1,288	)	$	97,788		$	76,201		$	18,181		$	(281	)	$	94,101


	As of the three Months Ended July 31, 2016												As of the three Months Ended May 1, 2016
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total

Total assets	$	92,959		$	33,550		$	56,851		$	183,360		$	94,878		$	29,463		$	50,801		$	175,142
Total liabilities		(16,313	)		(16,329	)		(19,283	)		(51,925	)		(20,241	)		(12,438	)		(13,651	)		(46,330	)

Subtotal	$	76,646		$	17,221		$	37,568		$	131,435		$	74,637		$	17,025		$	37,150		$	128,812
Less:
Cash and cash equivalents		-			-			(45,549	)		(45,549	)		-			-			(37,787	)		(37,787	)
Short-term investments - Available-For-Sale		-			-			(2,434	)		(2,434	)		-			-			(4,359	)		(4,359	)
Long-term investments - Held-To-Maturity		-			-			-			-			-			-			-			-
Long-term investments - Rabbi Trust		-			-			(4,611	)		(4,611	)		-			-			(4,025	)		(4,025	)
Income taxes receivable		-			-			-			-			-			-			(155	)		(155	)
Deferred income taxes - non-current		-			-			(1,942	)		(1,942	)		-			-			(2,319	)		(2,319	)
Income taxes payable - current		-			-			358			358			-			-			180			180
Income taxes payable - long-term		-			-			3,779			3,779			-			-			3,841			3,841
Deferred income taxes - non-current		-			-			1,532			1,532			-			-			1,483			1,483
Line of credit		-			-			7,000			7,000			-			-			-			-
Deferred compensation		-			-			5,031			5,031			-			-			4,686			4,686

Total Capital Employed	$	76,646		$	17,221		$	732		$	94,599		$	74,637		$	17,025		$	(1,305	)	$	90,357


	Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total

Average Capital Employed (3)	$	78,312		$	17,371		$	(628	)	$	95,055

Notes:

(1)	See reconciliation per page 7 of this financial information release.

(2)	Return on average capital employed represents operating income for fiscal 2017 divided by average capital employed. Average capital employed does not include cash and cash equivalents, short-term investments - Available-For-Sale, long-term investments - Held-To-Maturity, long-term investments - Rabbi Trust, noncurrent deferred tax assets and liabilities, income taxes receivable and payable, line of credit, and deferred compensation.

(3)	Average capital employed was computed using the five quarterly periods ending April 30, 2017, January 29, 2017, October 30, 2016, July 31, 2016 and May 1, 2016.