QEP Reports Third Quarter Loss

Boca Raton, FL, Jan. 23, 2009--QEP Co. Inc. reported a third-quarter net loss of $8.4 million, compared to profit of $800,000 in the prior year period.

Loss per share for the period was $2.48, compared to profit of $0.22 per share last year.

Third-quarter adjusted net loss was $900,000, compared to adjusted net income of $1.1 million prior year.

Net sales for the period decreased to $48.6 million from $54.6 million a year ago.