Q.E.P. Co. QEPC
QEP offers a comprehensive line of specialty installation tools, adhesives, and underlayment. These tools and products are sold in home improvement retailers in North America.
- Ticker
- QEPC
- Headquarters
- Boca Raton, Florida
- CEO
- Leonard Gould
- IPO year
- 1996
- Sector
- Flooring Installation Products
- Website
- qep.com
- Management
- Team & leadership ↗
Notes & Takes
"Q.E.P generated 68% of its revenue from 1 customer in fiscal 2025. It's Home Depot, just walk the aisles!"
High interest rates and weaker spending on renovations have dampened demand in 2025. The son who took over the reigns from his father in recent years divested their international operations and the company is much better for it."
Company Financials
Quarterly Headlines
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Q.E.P Co Q1 Fiscal 2027
May 31, 2026
- Sales down 1%
- Gross margin of 35.7% vs. 36.9% last year. Down due to tariffs and inflation
- $5.3 mill operating income vs. $5.8 mill last year
- Net income of $4 mill vs. $4.4 mill last year
Q.E.P. Co Full Year Fiscal 2026
Feb 28, 2026
- Net sales of $233 million down 4% YoY
- We see continued softness in home improvement spending
- Gross margin of 35.4% for the year flat YoY
- Operating income of $18.2 mill vs. $19.8 mill last year
- Net income of $15.8 million
Q.E.P. Co Q3 2026
Nov 30, 2025
- Cash of $36 million with no debt
- Net sales of $59 million down 3.2%
- Operating income of $4.4 million down 27%
- Total net income from continuing operations for the first 9 months of fiscal 2026 was $11.4 million
- Gross profit was down 1% to 34.3% due to tariffs
- Cash provided by operating activities totaled $15.7 million the first 9 months of fiscal 2026
- $4.6 million worth of shares have been repurchased in fiscal 2026
- $1.9 million in dividends have been paid in fiscal 2026
- Continued pressure on housing and consumer uncertainty remain elevated
Q.E.P. Co Q2 2026
Aug 31, 2025
- Net sales down 5.5%
- Sales have continued to be impacted by interest rates and consumer caution which have constrained home improvement spending
- Operating income of $4.5 mill down 11% YoY
- Gross margin improved to 36.3% for the first 6 months of fiscal 2026 up from 35.5% same period last year
- Cash provided by operating activities for the first 6 months was $8.8 million compared to $11.2 million during the same period last year
- Cash of $35 million with no debt
Q.E.P. Co Q1 2026
May 31, 2025
- Net sales down 3.1%
- Sales down to the ongoing softness in home improvement spending
- Gross margin was 36.9% up from 35.4% in the first quarter of last year
- Net income of $4.4 million or $1.36 per diluted share
- Excluding discontinued operations diluted EPS was $1.17
- $30.4 million in cash with no debt