Article: Q.E.P. Co., Inc. Reports Financial Results for the Fiscal 2002 Third Quarter and Nine Months; Net Earnings Improve for Both Periods.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 10, 2002

Q.E.P. Co., Inc. (Nasdaq:QEPC), today announced its financial results for the fiscal 2002 third quarter, and the nine months ended November 30, 2001.

Fiscal 2002 third-quarter net sales were $26.6 million, an increase from $26.3 million in fiscal 2001's third quarter. Gross profit margin for the quarter improved versus the comparable prior-year period, reaching 33.39 percent as compared with 28.91 percent a year ago. Last year's results included restructuring charges, incentives and other one-time pre-tax charges for a total of approximately $2 million.

Net earnings for ...

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