Q.E.P. Co., Inc. Reports Earnings Results for the Third Quarter Ended November 30, 2019
January 13, 2020 at 04:41 pm
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Q.E.P. Co., Inc. announced earnings results for the third quarter ended November 30, 2019. For the third quarter, the company announced sales was USD 96.682 million compared to USD 100.717 million a year ago. Operating income was USD 30,000 compared to operating loss of USD 1.976 million a year ago. Net loss was USD 398,000 compared to USD 1.796 million a year ago. Basic loss per share was USD 0.13 compared to USD 0.57 a year ago. For the nine months, sales was USD 299.059 million compared to USD 281.164 million a year ago. Operating loss was USD 5.575 million compared to operating Income of USD 1.177 million a year ago. Net loss was USD 3.664 million compared to net income of USD 208,000 a year ago. Basic loss per share was USD 1.16 compared to basic earnings per share of USD 0.06 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. 
