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.
Q.E.P. Co., Inc. (OTCQX: QEPC) is a flooring installation solutions company that regularly issues detailed updates on its operations, strategy and capital allocation. Its news releases cover financial performance, manufacturing investments, portfolio changes and shareholder distributions, giving investors and observers insight into how the business is evolving.
Readers of QEPC news can expect recurring earnings announcements, including quarterly and annual financial results. These updates typically discuss net sales, gross profit, operating expenses, EBITDA from continuing operations, cash flow from operations and working capital, along with commentary on factors such as home improvement spending, tariffs, sourcing and freight costs.
QEP’s news flow also includes dividend declarations, where the board of directors announces cash dividends on the company’s common stock, described as part of its approach to returning capital to stockholders. In addition, the company reports on portfolio actions such as divestitures of certain international businesses, which it links to a strategic focus on its core North American operations.
Operational and manufacturing developments are another theme in QEP’s news. The company has highlighted investments in domestic manufacturing, including the opening of a ROBERTS® adhesive plant in Dalton, Georgia, as well as initiatives to expand production capacity and enhance polymer formulation capabilities. QEP also occasionally reports on community and disaster relief efforts, such as large-scale donations of sponges to support cleanup after wildfires and hurricanes.
For anyone tracking QEPC, this news stream provides context on how QEP manages its flooring installation brands, responds to economic and tariff conditions, and balances investment, divestitures and shareholder returns over time.
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.
Q.E.P. Co., Inc. (OTCQX: QEPC) reported its fiscal 2025 first quarter results, ending May 31, 2024. Despite a 3.7% decrease in net sales to $63.5 million, the company's adjusted net income more than doubled to $3.9 million or $1.17 per diluted share. Gross profit increased by 12.2% to $22.5 million, with gross margin improving to 35.4%. EBITDA from continuing operations rose to $5.6 million or 8.8% of net sales.
The company's financial position strengthened, with cash provided by operating activities at $6.1 million and aggregate available cash, net of outstanding debt, increasing to $30.1 million. QEP continues to focus on its core North American market following strategic divestments in the prior fiscal year.
Q.E.P. Co. (OTCQX: QEPC) announced its fiscal 2024 results, highlighting significant financial shifts. Adjusted net income surged to $9.1 million, or $2.73 per share, from $4.5 million or $1.34 per share in fiscal 2023. Despite net sales falling 6.5% to $252.0 million due to reduced consumer demand, gross profit rose 12% to $82.0 million, driven by cost-cutting and a better product mix.
The company completed strategic divestments, including North American flooring brands and businesses in the UK, Australia, and New Zealand. These moves, along with debt reductions, resulted in lower interest expenses and a cash surplus, allowing for special dividends in 2024. Operating expenses increased due to higher personnel and divestiture-related costs. The net loss was $4.7 million, or $1.40 per share, compared to $0.1 million or $0.02 per share the previous year.
Cash from operations was $29.5 million, compared to a net use of $0.1 million in fiscal 2023, improving working capital to $60.0 million. The company’s EBITDA from continuing operations improved to $14.7 million from $10.6 million in fiscal 2023.
Q.E.P. Co. (OTCQX: QEPC) declared a special cash dividend of $1.00 per share, payable on June 26, 2024, to stockholders of record as of May 31, 2024. This move reflects the company's solid financial health, ensuring that it retains sufficient working capital for investments and operating needs.
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