Q.E.P. Co., Inc. Reports Fiscal 2027 Six-Month and Second-Quarter Financial Results
Key Highlights
- ➤Q2 net sales $61.1 million, up 5.9% year over year
- ➤Six-month net income $9.9 million, or $3.29 diluted EPS
- ➤Q2 net income $5.8 million, or $1.97 diluted EPS
- ➤Six-month EBITDA $13.6 million, including $5.7 million tariff refunds
- ➤QEP repurchased $9.2 million of shares during the first six months
Expert Statements
Len Gould, President and Chief Executive Officer of Q.E.P. Co., Inc.
“Our fiscal 2027 results highlight the resonance of our Brands with the Professional Installer, and the resilience of our core business in the face of a challenging macroeconomic landscape. Our continuing investment in U.S.-based manufacturing, together with our laser focus on innovation and service, is supporting improved sales momentum. Notwithstanding the current economic headwinds, we continue to push forward with multiple initiatives to expand our market penetration and strengthen our product portfolio.”
Len Gould, President and Chief Executive Officer of Q.E.P. Co., Inc.
“Our financial strength provides a solid foundation during uncertain times and allows us to return capital to stockholders through regular quarterly cash dividends and stock repurchases of $9.2 million during the first six months of fiscal 2027. Lastly, I would like to thank QEP’s Associates for their hard work and incredible commitment to our customers.”
BOCA RATON, Fla., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Q.E.P. CO., INC. (OTCQX: QEPC) (the “Company” or “QEP”) today reported financial results for the first six months and second quarter of fiscal year 2027, which ended on August 31, 2026.
Net sales for the six months ended August 31, 2026 were $122.0 million, up $2.8 million or 2.4% from $119.2 million reported in the same period of fiscal 2026. Net sales for the second quarter ended August 31, 2026 were $61.1 million, up $3.4 million or 5.9% from $57.7 million reported in the second quarter of fiscal 2026. Sales growth was driven by continued expansion in the professional distribution channel, particularly in adhesive products, and successful retail initiatives, despite a challenging macroeconomic environment.
Get started
Create a free account to read the full story.