Last $19.04 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

quality products inc (QPDC) Key Developments

Quality Products, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

Quality Products Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, net income was $1,196,188 or $0.51 per basic and diluted share compared to $757,215 or $0.32 per basic and diluted share earned last year, an increase of $438,973 or 58.0%. Revenues were $10,155,977 compared to $4,449,798 last year, an increase of $5,706,179 or 128.2%. Income from operations was $2,024,942 compared to $943,817 last year. Income before provision for income taxes was $2,027,361 against $1,192,372 last year. For the six months, net income was $3,325,441 or $1.41 per basic and diluted share compared to $1,740,235 or $0.73 per basic and diluted share earned last year, an increase of $1,585,206 or 91.1%. Revenues were $21,459,285 compared to $9,210,966 last year, an increase of $12,248,319, or 133.0%. Income from operations was $5,215,986 compared to $2,164,509 last year. Income before provision for income taxes was $5,386,818 against $2,800,055 last year. The company generated positive operating cash flow of $4,084,463 against $1,074,799 last year. Capital expenditures were $330,667 against $262,830 last year.

Quality Products, Inc. Announces Special Dividend, Payable on May 20, 2014; Announces Board Appointments

Quality Products Inc. announced its board of directors approved a special one-time dividend of $2.50 per share, or approximately $5.9 million. The special dividend will be payable on May 20, 2014 to shareholders of record on May 6, 2014. The dividend will be funded with a combination of available cash and bank financing. Additionally, the company announced the appointment of Dan L. Drexler and Jason I. Drexler to the Board of Directors. They join Richard A. Drexler, who remains in his positions of Chairman and Chief Executive Officer.

Quality Products Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013

Quality Products Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2013. For the period, the company’s net sales were $11,303,308 against $4,761,168 a year ago. Income from operations was $3,191,044 against $1,220,692 a year ago. Income before provision for income tax was $3,359,457 against $1,607,683 a year ago. Net income was $2,129,253 against $983,020 a year ago. Basic and diluted income per share was $0.90 against $0.41 a year ago. Net cash provided by operating activities was $2,621,632 against $698,255 a year ago. Purchases of property and equipment were $257,823 against $39,830 a year ago.

Quality Products Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2013; Announces Impairment Loss for the Fourth Quarter Ended September 30, 2013

Quality Products Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2013. For the quarter, the company's net sales were $7,719,071 compared to $5,721,223 a year ago. Income from operations was $1,950,480 compared to $1,577,684 a year ago. Income before provision for income taxes was $2,245,198 compared to $1,725,245 a year ago. Net income was $1,606,632 or $0.68 per diluted share compared to $1,310,210 or $0.55 per diluted share a year ago. For the year, the company's net sales were $24,043,844 compared to $20,636,104 a year ago. Income from operations was $5,828,062 compared to $5,869,987 a year ago. Income before provision for income taxes was $7,036,385 compared to $6,759,056 a year ago. Net income was $4,627,999 or $1.94 per diluted share compared to $4,385,564 or $1.83 per diluted share a year ago. Net cash provided by operating activities was $3,731,284 compared to $4,611,753 a year ago. Purchases of property and equipment was $1,290,016 compared to $37,562 a year ago. For the quarter, the company's impairment loss was $307,699.

Quality Products Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2013

Quality Products Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2013. For the quarter, the company reported net sales of $7,113,807 against $4,851,974 a year ago. Income from operations was $1,713,073 against $1,356,859 a year ago. Income before provision for income taxes was $1,991,132 against $1,626,717 a year ago. Net income was $1,281,132 or $0.54 per basic and diluted share against $991,806 or $0.41 per basic and diluted share a year ago. For the nine months, the company reported net sales of $16,324,773 against $14,914,881 a year ago. Income from operations was $3,877,582 against $4,292,303 a year ago. Income before provision for income taxes was $4,791,187 against $5,033,811 a year ago. Net income was $3,021,367 or $1.27 per basic and diluted share against $3,075,354 or $1.28 per basic and diluted share a year ago. Net cash provided by operating activities was $1,072,465 against $2,541,054 a year ago. Purchases of property and equipment were $270,430 against $37,588 a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
QPDC:US $19.04 USD 0.00

QPDC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for QPDC.
View Industry Companies
 

Industry Analysis

QPDC

Industry Average

Valuation QPDC Industry Range
Price/Earnings 7.3x
Price/Sales 1.2x
Price/Book 3.6x
Price/Cash Flow 9.7x
TEV/Sales 1.6x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact QUALITY PRODUCTS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.