Flooring solutions firm Q.E.P. Q3 net sales fall amid economic pressure

Reuters01-14

Flooring solutions firm Q.E.P. Q3 net sales fall amid economic pressure

Overview

Company's Q3 net sales fell 3.2% amid economic uncertainty
Q3 net income from continuing operations decreased yr/yr
Company maintained strong balance sheet, returning capital to shareholders

Outlook

Company highlights strong balance sheet amid consumer uncertainty and housing market pressure
Company continues long-term growth plan despite economic challenges

Result Drivers

ECONOMIC UNCERTAINTY - Co attributed decline in net sales to economic uncertainty and high interest rates affecting home improvement spending
TARIFF IMPACT - Recent tariff increases affected gross margin, partially offset by inventory purchased before tariffs
OPERATING EXPENSES - Lower freight costs reduced operating expenses, offset by higher personnel expenses for marketing

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Sales		$59.10 mln
Q3 Gross Profit		$20.31 mln
Q3 Operating Expenses		$15.86 mln
Q3 Operating Income		$4.45 mln
Q3 Pretax Profit		$4.69 mln

Press Release: ID:nGNXBNtXs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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Q3 net sales fall amid economic pressure</title></head><body><p><span>Overview</span></p><ul><li><p>Company's Q3 net sales fell 3.2% amid economic uncertainty</p></li><li><p>Q3 net income from continuing operations decreased yr/yr</p></li><li><p>Company maintained strong balance sheet, returning capital to shareholders</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company highlights strong balance sheet amid consumer uncertainty and housing market pressure</p></li><li><p>Company continues long-term growth plan despite economic challenges</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>ECONOMIC UNCERTAINTY - Co attributed decline in net sales to economic uncertainty and high interest rates affecting home improvement spending</p></li><li><p>TARIFF IMPACT - Recent tariff increases affected gross margin, partially offset by inventory purchased before tariffs</p></li><li><p>OPERATING EXPENSES - Lower freight costs reduced operating expenses, offset by higher personnel expenses for marketing</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Sales</p></td><td></td><td><p>$59.10 mln</p></td><td></td></tr><tr><td><p>Q3 Gross Profit</p></td><td></td><td><p>$20.31 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>$15.86 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Income</p></td><td></td><td><p>$4.45 mln</p></td><td></td></tr><tr><td><p>Q3 Pretax Profit</p></td><td></td><td><p>$4.69 mln</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nGNXBNtXs</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. 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Q3 net sales fall amid economic pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-14 21:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Flooring solutions firm Q.E.P. Q3 net sales fall amid economic pressure</title></head><body><p><span>Overview</span></p><ul><li><p>Company's Q3 net sales fell 3.2% amid economic uncertainty</p></li><li><p>Q3 net income from continuing operations decreased yr/yr</p></li><li><p>Company maintained strong balance sheet, returning capital to shareholders</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company highlights strong balance sheet amid consumer uncertainty and housing market pressure</p></li><li><p>Company continues long-term growth plan despite economic challenges</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>ECONOMIC UNCERTAINTY - Co attributed decline in net sales to economic uncertainty and high interest rates affecting home improvement spending</p></li><li><p>TARIFF IMPACT - Recent tariff increases affected gross margin, partially offset by inventory purchased before tariffs</p></li><li><p>OPERATING EXPENSES - Lower freight costs reduced operating expenses, offset by higher personnel expenses for marketing</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Sales</p></td><td></td><td><p>$59.10 mln</p></td><td></td></tr><tr><td><p>Q3 Gross Profit</p></td><td></td><td><p>$20.31 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>$15.86 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Income</p></td><td></td><td><p>$4.45 mln</p></td><td></td></tr><tr><td><p>Q3 Pretax Profit</p></td><td></td><td><p>$4.69 mln</p></td><td></td></tr></tbody></table><p>Press Release: <span>ID:nGNXBNtXs</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. 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Q3 net sales fall amid economic pressureOverviewCompany's Q3 net sales fell 3.2% amid economic uncertaintyQ3 net income from continuing operations decreased yr/yrCompany maintained strong balance sheet, returning capital to shareholdersOutlookCompany highlights strong balance sheet amid consumer uncertainty and housing market pressureCompany continues long-term growth plan despite economic challengesResult DriversECONOMIC UNCERTAINTY - Co attributed decline in net sales to economic uncertainty and high interest rates affecting home improvement spendingTARIFF IMPACT - Recent tariff increases affected gross margin, partially offset by inventory purchased before tariffsOPERATING EXPENSES - Lower freight costs reduced operating expenses, offset by higher personnel expenses for marketingKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Sales$59.10 mlnQ3 Gross Profit$20.31 mlnQ3 Operating Expenses$15.86 mlnQ3 Operating Income$4.45 mlnQ3 Pretax Profit$4.69 mlnPress Release: ID:nGNXBNtXsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. 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