Q.E.P. Co., Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2018
January 14, 2019 at 06:59 pm IST
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Q.E.P. Co., Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2018. For the quarter, the company reported net sales of $100,717,000 compared to $80,728,000 a year ago. Operating loss was $1,976,000 compared to income of $766,000 a year ago. Net loss was $1,796,000 or $0.57 per basic share compared to income of $322,000 or $0.10 per basic share a year ago.
For the nine months, the company reported net sales of $281,164,000 compared to $246,857,000 a year ago. Operating income was $1,177,000 compared to $8,772,000 a year ago. Net income was $208,000 or $0.06 per basic share compared to $5,015,000 or $1.57 per basic share a year ago.
Q.E.P. Co., Inc. is a designer, manufacturer, and distributor of a range of flooring and installation solutions for commercial and home improvement projects around the world. The Company operates through two segments: North America and Europe. The Company offers a comprehensive line of specialty installation tools, adhesives, and underlayment. The Company sells its products throughout the world to home improvement retail centers and professional specialty distribution outlets under brand names, including QEP, LASH, ROBERTS, Capitol, Premix-Marbletite (PMM), Brutus, Homelux, PRCI, and Tomecanic. The Company's specialty tools, and related products are sold through the Company's sales staff; independent manufacturing representatives; outside salaried and commissioned sales representatives; an in-house telemarketing sales force, and e-commerce.
Q.E.P. CO., INC. 
