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QEP Co., Inc. Reports Fiscal 2012 Nine Month and Third Quarter Sales and Earnings

Posted on: 12-22-2011 by Floor Covering Media

Members:

Floor Covering Media found a press release, recently contributed to MarketWatch, about Q.E.P. CO., INC. This article, written by their staff, inform readers Q.E.P. CO., INC. (the "Company") today announced its financial results for the first nine months and the third quarter of its fiscal year ending on February 29, 2012. The Company reported record net sales of $200.6 million for the nine months ended November 30, 2011, an increase of $18.4 million or 10.1% from the $182.2 million reported in the same period of fiscal 2011. As a percentage of net sales, gross profit was 30.7% in the first nine months of fiscal 2012 compared to 30.6% in the first nine months of fiscal 2011. Net sales for the third quarter of fiscal 2012 totaled $64.9 million, an increase of $3.9 million or 6.4% from the $61.0 million reported in the same period of fiscal 2011. As a percentage of net sales, gross profit was 29.2% in the third quarter of fiscal 2012 compared to 31.3% in the comparable period of fiscal 2011, according to the article.

More at MarketWatch.

Sincerely,

FCM Staff

www.marketwatch.com/story/qep-co-inc-reports-fiscal-2012-nine-month-and-third-quarter-sales-and-earnings-2011-12-20

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