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Last $16.81 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

q.e.p. company inc (QEPC) Key Developments

Q.E.P. Co., Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2014

Q.E.P. Co., Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2014. For the quarter, the company’s net sales were $74.6 million compared with $72.45 million a year ago. Net sales for the nine-month period compared to the comparable period in the prior fiscal year reflects the expansion of its product lines with existing customers in the company's international operations and the contribution of its Faus and Plasplugs acquisitions offset by the impact of a significant North American customer's discontinued purchases of certain products during the second quarter of fiscal 2014. Operating income was $1.2 million compared with $2.6 million a year ago. Income before provision for income taxes was $0.81 million compared with $2.4 million a year ago. Net income was $0.52 million or $0.16 per diluted share compared with $1.65 million or $0.50 per diluted share a year ago. EBITDAR was $2.5 million compared with $3.8 million a year ago. For the nine months, the company's net sales were $231.3 million compared with $232.3 million a year ago. The growth in net sales for the quarter compared to the third quarter of prior fiscal year also reflects the expansion of its product lines with existing customers in the company's international operations and the contribution of its Faus acquisition offset by the net unfavorable impact on reported sales from changes in currency exchange rates. Operating income was $4.3 million compared with $8.9 million a year ago. Income before provision for income taxes was $3.2 million compared with $11.6 million a year ago. Net income was $2.12 million or $0.65 per diluted share compared with $8.56 million or $2.59 per diluted share a year ago. Net cash provided by operating activities was $3.3 million compared with $3.7 million a year ago. Capital expenditures was $0.91 million compared with $0.78 million a year ago. EBITDAR was $8.2 million compared with $12.2 million a year ago.

Q.E.P. Co., Inc., Q3 2015 Earnings Call, Jan 14, 2015

Q.E.P. Co., Inc., Q3 2015 Earnings Call, Jan 14, 2015

Q.E.P. Co. Inc., Announces Appointment of Brian Kura as New Executive Vice President

Q.E.P. Co., Inc. announced the appointment of Mr. Brian Kura as its new Executive Vice President. Most recently Brian was President of Scotts LawnService. In this role Brian had full P&L responsibility over this $300 million do-it-for-me segment of the business. Prior to LawnService Brian held the position of Senior Vice President of Sales.

Q.E.P. Co., Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended August 31, 2014

Q.E.P. Co., Inc. announced unaudited consolidated earnings results for second quarter and six months ended August 31, 2014. Net sales for the second quarter of fiscal 2015 was $77.0 million and reflected a gross margin of 27.0% compared to net sales of $76.4 million and a gross margin of 28.4% for the second quarter of fiscal 2014. Operating income was $1,207,000, income before provision for income taxes was $724,000 and net income was $516,000 or $0.16 per diluted share against operating income of $2,792,000, income before provision for income taxes of $2,559,000 and net income of $1,766,000 or $0.54 per diluted share a year ago. EBITDA before non-operating income was $2,479,000 against $3,830,000 a year ago. The Company reported net sales of $156.8 million for the six months ended August 31, 2014, a decrease of $3.0 million or 1.9% from the $159.8 million reported in the same period of fiscal 2014. Operating income was $3,150,000, income before provision for income taxes was $2,367,000 and net income was $1,605,000 or $0.49 per diluted share against operating income of $6,275,000, income before provision for income taxes of $9,167,000 and net income of $6,908,000 or $2.09 per diluted share a year ago. Net cash provided by operating activities $357,000 against $3,199,000 a year ago. Capital expenditures were $547,000 against $319,000 a year ago. EBITDA before non-operating income was $5,741,000 against $8,395,000 a year ago. Net sales for the three and six month periods ended August 31, 2014 as compared to the comparable periods in the prior fiscal year reflects the beneficial impact of acquisitions of the Faus and Plasplugs businesses, an expansion of product lines with existing customers in the Company's international operations and the net benefit from changes in currency exchange rates. These increases were offset by declines in North America both for the quarter and the six months in fiscal 2015 as a result of the fiscal 2014 second quarter impact of discontinued purchases of certain products by a significant customer in the US.

Q.E.P. Co., Inc., Q2 2015 Earnings Call, Oct 16, 2014

Q.E.P. Co., Inc., Q2 2015 Earnings Call, Oct 16, 2014

 

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QEPC

Industry Average

Valuation QEPC Industry Range
Price/Earnings 5.7x
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow 5.6x
TEV/Sales NM Not Meaningful
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