--- ----------- ---------
Financing activities:
Net repayments under lines of
credit (531) (22,800)
Net repayments of term loan
facilities - (7,249)
Repurchase of equity-based awards (1,540) -
Purchase of treasury stock (433) (198)
Principal payments on finance
leases (80) (82)
Dividends paid (3,269) -
--- ----------- ---------
Net cash used in financing activities (5,853) (30,329)
--- ----------- ---------
Effect of exchange rate changes on
cash (9) 660
--- ----------- ---------
Net increase in cash 11,733 20,350
Cash at beginning of period 22,369 3,060
Cash at beginning of the period
from discontinued operations - 1,936
--- ----------- ---------
Cash at end of period $ 34,102 $ 25,346
=== =========== =========
Q.E.P. CO., INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(In thousands, except shares data)
(Unaudited)
The following table shows the changes in the shareholder's
equity for the nine months ended November 30, 2024
and 2023.
Accumulated
Other Total
Preferred Stock Common Stock Paid-in Retained Treasury Comprehensive Shareholders'
Shares Amount Shares Amount Capital Earnings Stock Income Equity
------ -------- --------- -------- -------- -------- --------- --------------- -----------------
Balance at
February 28,
2023 - $ - 4,005,370 $ 4 $11,449 $81,205 $ (9,410) $ (5,408) $ 77,840
Net loss (3,255) (3,255)
Realized
currency
translation
adjustments 719 719
Unrealized
currency
translation
adjustments 162 162
Purchase of
treasury
stock (107) (107)
Stock-based
compensation
expense 186 186
Balance at
November 30,
2023 - $ - 4,005,370 - $ 4 $11,635 $77,950 $ (9,517) $ (4,527) $ 75,545
====== ==== ========= === === ====== ====== ======= === ========= ======= ====
Accumulated
Other Total
Preferred Stock Common Stock Paid-in Retained Treasury Comprehensive Shareholders'
Shares Amount Shares Amount Capital Earnings Stock Income Equity
------ -------- --------- -------- -------- -------- --------- --------------- -----------------
Balance at
February 29,
2024 - $ - 4,005,370 $ 4 $11,901 $73,211 $ (9,517) $ (2,969) $ 72,630
Net income 12,929 12,929
Unrealized
currency
translation
adjustments (168) (168)
Repurchase of
equity-based
awards (1,540) (1,540)
Purchase of
treasury
stock (491) (491)
Dividends
paid (3,269) (3,269)
Balance at
November 30,
2024 - $ - 4,005,370 $ 4 $10,361 $82,871 $(10,008) $ (3,137) $ 80,091
====== ==== ========= === === ====== ====== ======= === ========= ======= ====
CONTACT:
Q.E.P. Co., Inc.
Enos Brown
Executive Vice President and
Chief Financial Officer
561-994-5550
(END) Dow Jones Newswires
January 14, 2025 08:33 ET (13:33 GMT)