Welcome to our dedicated page for QEP Co news (Ticker: QEPC), a resource for investors and traders seeking the latest updates and insights on QEP Co stock.
QEP Co Inc (QEPC) delivers innovative specialty tools and flooring solutions to professional installers worldwide. This news hub provides investors and industry professionals with essential updates about the company’s operations, financial performance, and market position.
Access authoritative information on product innovations, quarterly earnings, and strategic initiatives through verified press releases and curated news coverage. Our collection focuses on developments impacting QEPC’s core markets in flooring installation tools and surface preparation equipment.
Key updates include product launches for ceramic tile tools, distribution network expansions, and leadership announcements. All content is organized chronologically to help track the company’s progress in serving commercial contractors and home improvement retailers.
Bookmark this page for streamlined access to QEPC’s latest developments. Check back regularly for updates directly affecting the specialty tools sector and related investment considerations.
Q.E.P. Co. (OTCQX: QEPC) has unveiled its next-generation ROBERTS® adhesive manufacturing plant in Dalton, Georgia, marking a significant expansion in its production capabilities. The new facility has doubled production capacity to 18,000 gallons per single shift, compared to the previous 18,000 gallons per day.
The modernized plant features advanced machinery, new holding tanks, mixers, and state-of-the-art production and packaging lines. The three-year upgrade project enhances QEP's polymer formulation capabilities while maintaining uninterrupted production and on-time deliveries. The investment positions ROBERTS® as a leading American-owned adhesive manufacturer in an industry largely dominated by private equity firms and foreign nationals.
Q.E.P. Co. (OTCQX: QEPC) reported its fiscal 2026 first quarter results, with net sales of $61.5 million, down 3.1% year-over-year due to softness in home improvement spending. Despite lower sales, gross profit increased slightly to $22.7 million with improved margins of 36.9%. The company reported net income of $4.4 million or $1.36 per diluted share.
QEPC's EBITDA from continuing operations reached $6.1 million, representing 10% of net sales, an improvement from 8.8% in the previous year. The company also announced the opening of a new adhesive production facility in Dalton, Georgia, enhancing its domestic manufacturing capabilities. Additionally, the Board declared a quarterly cash dividend of $0.20 per share, payable on August 28, 2025.
Q.E.P. Co (OTCQX: QEPC) has announced a quarterly cash dividend declaration of $0.20 per share on its common stock. The dividend will be paid on May 28, 2025, to shareholders recorded as of May 1, 2025. This dividend announcement demonstrates the company's continued dedication to providing value to its shareholders.
Q.E.P. CO., INC. (OTCQX: QEPC) has announced the completion of its sale of PRCI, S.A.S., its French subsidiary, to Spear & Jackson Group and Neill France, S.A. The stock purchase transaction is valued at 1.4 million Euros.
PRCI, which QEP acquired in September 2004, operates as a distributor of tile and plumbing tools in France. The divestiture aligns with QEP's strategic initiative to concentrate efforts and resources in North America.
The transaction received approval from Bank of America, N.A., which waived certain covenants, released claims on divested assets, and approved the deal under the Fifth Amended and Restated Loan and Security Agreement dated February 15, 2021.
QEP (OTCQX: QEPC) has donated over 60,000 premium sponges to support disaster relief efforts for Southern California Wild Fires and Helene and Milton Hurricane cleanup. Two truckloads of supplies are being distributed through nonprofit partners Delivering Good and Convoy of Hope.
The donation includes 1,000+ sponges specifically allocated to the Los Angeles Unified School District's Maintenance & Operations Department for wildfire recovery efforts. ATS Logistics has volunteered to cover the full freight costs for the donation's transportation.
QEP's TileTrim Square® has been awarded the 2024 Top Flooring Product Award in the Tools & Equipment Category by FLOOR Trends & Installation Magazine. The recognition comes through a reader/user-driven competition where industry professionals vote for products that have made significant impacts in the flooring sector.
The award will be presented to QEP's Product Excellence Team and inventors Kurt Angen and Andrew Eylander at The International Surface Event in Las Vegas on January 28, 2025. The patented TileTrim Square® is designed to accommodate most tile trim types from all manufacturers, featuring slots for metal tile edging trims and profiles for perfect 45-degree miter cuts with a wet saw. The tool also includes a V-groove for holding quarter round and pencil trim, ensuring consistent cuts.
Brad Miller, Vice President Global Product Innovation, emphasized the product's role in elevating installer capabilities and aligning with the company's product development goals. The USA-made tool is specifically designed for professional tilers prioritizing accuracy and efficiency.
Q.E.P. Co. (QEPC) reported its fiscal 2025 third quarter and nine-month results. For the nine months ended November 30, 2024, net sales decreased 1.5% to $187.1 million, while third-quarter sales increased 1.6% to $61.1 million. Gross profit for the nine months rose 9.0% to $66.5 million, with gross margin improving to 35.5%.
The company reported strong net income growth from continuing operations, reaching $12.3 million ($3.74 per diluted share) for the nine months and $4.6 million ($1.40 per diluted share) for Q3. EBITDA from continuing operations was $17.5 million for nine months and $6.5 million for Q3.
Cash provided by operations was $16.1 million for the nine months. Working capital improved to $64.9 million, with available cash net of debt at $34.0 million as of November 30, 2024.
Q.E.P. Co (OTCQX: QEPC) has announced a new regular quarterly cash dividend policy. The company will pay a quarterly dividend of $0.20 per share on February 28, 2025, to shareholders of record as of February 3, 2025. The Board of Directors approved this policy as part of their strategy to enhance stockholder value and demonstrate confidence in sustained earnings growth. While committed to regular quarterly dividends, future payments will depend on various factors including financial results and acquisition opportunities. The company also plans to explore additional capital return methods, including potential share repurchases.
Q.E.P. CO., INC. (OTCQX: QEPC) reported its fiscal 2025 six-month and second quarter financial results. For the six months ended August 31, 2024, net sales decreased by 3.0% to $126.1 million, while gross profit increased by 9.3% to $44.8 million. The company's gross margin improved to 35.5% from 31.5% in the same period last year. Net income from continuing operations for the six months was $7.7 million or $2.34 per diluted share, up from $4.8 million or $1.43 per diluted share in fiscal 2024. EBITDA from continuing operations increased to $11.0 million or 8.7% of net sales. The company reported cash provided by operations of $11.2 million and an aggregate available cash, net of outstanding debt, of $29.8 million as of August 31, 2024.
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