Q.E.P. Co., Inc. Reports Earnings Results for the First Quarter Ended May 31, 2023
July 17, 2023 at 08:59 am EDT
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Q.E.P. Co., Inc. reported earnings results for the first quarter ended May 31, 2023. For the first quarter, the company reported sales was USD 103.28 million compared to USD 117.08 million a year ago. Net income was USD 0.925 million compared to USD 0.988 million a year ago.
Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.29 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. 
