Q.E.P. Co., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2023
October 16, 2023 at 08:19 am EDT
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Q.E.P. Co., Inc. reported earnings results for the second quarter and six months ended August 31, 2023. For the second quarter, the company reported sales was USD 99.42 million compared to USD 115.52 million a year ago. Net income was USD 1.68 million compared to net loss of USD 0.513 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to diluted loss per share from continuing operations of USD 0.15 a year ago.
For the six months, sales was USD 202.7 million compared to USD 232.6 million a year ago. Net income was USD 2.61 million compared to USD 0.475 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to USD 0.14 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. 
