Q.E.P. Co., Inc. Reports Earnings Results for the Second Quarter Ended August 31, 2021
October 14, 2021 at 08:28 am EDT
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Q.E.P. Co., Inc. announced earnings results for the second quarter ended August 31, 2021. For the second quarter, the company announced sales was USD 112.865 million compared to USD 103.051 million a year ago. Operating income was USD 3.612 million compared to USD 4.252 million a year ago. Net income was USD 2.380 million compared to USD 2.743 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.82 a year ago. For the half year, sales was USD 227.269 million compared to USD 189.067 million a year ago. Operating income was USD 7.603 million compared to USD 5.610 million a year ago. Net income was USD 5.019 million compared to USD 3.431 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to USD 1.03 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. 