STOCK TITAN

Q.E.P. CO INC - QEPC STOCK NEWS

Welcome to our dedicated news page for Q.E.P. CO (Ticker: QEPC), a resource for investors and traders seeking the latest updates and insights on Q.E.P. CO.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Q.E.P. CO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Q.E.P. CO's position in the market.

Rhea-AI Summary
Q.E.P. Co., Inc. (QEPC) completes the sale of its Australia and New Zealand business for AUD 14.05 million to QEP Australasia Pty. Ltd. This move aligns the company's global footprint to enhance shareholder value, eliminate debt, and boost cash reserves. The transaction involves key personnel transitions and financial adjustments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
-
Rhea-AI Summary
Q.E.P. Co., Inc. (QEPC) has announced the sale of its ANZ Business assets to QEP Australasia Pty. Ltd. for approximately AUD 14.05 million. The deal, led by Bruce Maclaren and Tony Lei, is set to close by February 29, 2024, pending closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
none
-
Rhea-AI Summary
Q.E.P. Co., Inc. reported a decrease in net sales for the first nine months of fiscal 2024, along with an increase in gross profit. The company divested its North American flooring businesses and UK operations, positioning itself to become debt-free by fiscal year-end. QEP also declared a special dividend of $1.00 per share, using the proceeds from recent divestitures to return capital to its stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.25%
Tags
dividends earnings
Rhea-AI Summary
Q.E.P. CO., INC. (QEPC) appoints Leonard Gould as President & CEO, effective December 8, 2023. Mr. Gould has a 30-year tenure with the Company, overseeing strategic initiatives, customer relationships, and transformational initiatives. He holds an MBA from the University of Miami Herbert Business School and a BSBA degree in Marketing from the University of Hartford.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.59%
Tags
none
-
Rhea-AI Summary
Q.E.P. CO., INC. completes sale of UK Business for £12 million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
Tags
none
-
Rhea-AI Summary
Q.E.P. CO., INC. completes sale of manufacturing facility for $5.3 million, exiting wood flooring manufacturing. QEP to relocate grouting sponge production operations. Amendment No. 5 signed with Bank of America, N.A.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Q.E.P. CO., INC. completes sale of certain assets of Harris Flooring Group to Marquis Industries, Inc. for $10 million. Marquis Industries extends offers of employment to Harris Flooring Group employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.44%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.45%
Tags
-
Rhea-AI Summary
Q.E.P. CO., INC. reports decrease in net sales for fiscal year 2023, but shows positive signs in closing the year with improved supply chain logistics and reduced debt. However, elevated inflation and high interest rates remain a concern for the new fiscal year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.93%
Tags
management
Q.E.P. CO INC

OTC:QEPC

QEPC Rankings

QEPC Stock Data

92.01M
9.66%
0.02%
Audio and Video Equipment Manufacturing
Manufacturing
Link
United States of America
Boca Raton

About QEPC

founded in 1979, q.e.p. co., inc. is a worldwide leader in the manufacturing, marketing and distribution of a comprehensive line of specialty tools and flooring related products targeted for the professional installer as well as the home improvement market. the company markets over 3,000 specialty tools and related products used primarily for surface preparation and installation of ceramic tile, carpet, laminate, vinyl and wood flooring. headquartered in boca raton, florida, the company markets its products in all 50 states and in over 75 countries worldwide.