Q.E.P. CO., Inc. Reports Fiscal 2025 Six Month and Second Quarter Financial Results
Q.E.P. CO INC (QEPC)
US:NASDAQ Investor Relations:
qepcorporate.com/investors.php
Company Research
Source: GlobeNewswire
BOCA RATON, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported its consolidated results of operations for the first six months and second quarter of fiscal year 2025, which ended on August 31, 2024. Results of Operations During the prior fiscal year, QEP completed the sale of its Harris Flooring Group in North America and its businesses in the United Kingdom, Australia and New Zealand in order to streamline operations and concentrate resources on its core product lines in the North American market. These divested operations have been classified as discontinued operations in our financial statements for all periods presented. QEP reported net sales of $126.1 million for the six months ended August 31, 2024, a decrease of $3.9 million or 3.0% from the $130.0 million reported in the same period of fiscal 2024. The Company reported net sales of $62.6 million for the quarter ended August 31, 2024, a decrease
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