---  -----------       --------- 
 
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)