Q.E.P. Co., Inc. Reports Earnings Results for the Full Year Ended February 28, 2023
June 05, 2023 at 04:00 pm EDT
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Q.E.P. Co., Inc. reported earnings results for the full year ended February 28, 2023. For the full year, the company reported sales was USD 433.66 million compared to USD 445.53 million a year ago. Net loss was USD 0.063 million compared to net income of USD 9.65 million a year ago.
Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 2.89 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 2.88 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. 
