Q.E.P. Reports Record Net Sales for Six Months

Boca Raton, FL, Sept. 21, 2011 -- Q.E.P. CO. reported record net sales of $135.6 million for the six months ended Aug. 31, an increase of $14.4 million or 11.9% from the $121.2 million reported in the same period of fiscal 2011.

Net sales for the second quarter of fiscal 2012 also reached a record $67.9 million and reflected a gross profit margin of 30.1% compared to net sales of $60.6 million and a gross profit margin of 29.5% for the second quarter of fiscal 2011.

The increase in net sales, the company said, continues to reflect the growth of the company's hardwood flooring and international operations driven both by an expansion of sales to existing customers and by an expansion of the company's product lines and customer base.