Q.E.P. Co., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2022
January 17, 2023 at 11:24 am EST
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Q.E.P. Co., Inc. reported earnings results for the third quarter and nine months ended November 30, 2022. For the third quarter, the company reported sales was USD 102.79 million compared to USD 111.94 million a year ago. Net income was USD 0.244 million compared to USD 2.72 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.81 a year ago.
For the nine months, sales was USD 335.39 million compared to USD 339.21 million a year ago. Net income was USD 0.719 million compared to USD 7.74 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 2.32 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 2.31 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. 
