Quality Products Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. Net income was $757,215 compared to $1,008,005 earned last year, a decrease of $250,790 or 24.9%. Revenues were $4,449,798 compared to $5,287,698 last year, a decrease of $837,900 or 15.8%. Basic and diluted EPS was $0.32, down from $0.42 for the same period a year ago. Income from operations was $943,817 compared with $1,434,472 a year ago. Income before provision for income taxes was $1,192,372 compared with $1,661,217 a year ago. For the six months, the company's net income was $1,740,235 compared to $2,083,549 earned last year, a decrease of $343,314 or 16.5%. Revenues were $9,210,966 compared to $10,062,907 last year, a decrease of $851,941, or 8.5%. Basic and diluted EPS decreased to $0.73 from $0.86 for the same period a year ago. The company generated positive operating cash flow of $1,074,799 compared with $1,907,624 a year ago. Purchases of property and equipment were $262,830 compared with $37,588 a year ago. Income from operations was $2,164,509 compared with $2,935,445 a year ago. Income before provision for income taxes was $2,800,055 compared with $3,407,094 a year ago.

Quality Products Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported net sales of $4,761,168 against $4,775,209 a year ago. Income from operations was $1,220,692 against $1,500,973 a year ago. Income before provision for income taxes was $1,607,683 against $1,745,877 a year ago. Net income was $983,020 or $0.41 per basic and diluted share against $1,075,544 or $0.45 per basic and diluted share a year ago. Net cash provided by operating activities was $698,255 against $1,949,506 a year ago. Purchases of property and equipment were $39,830 against $37,588 a year ago.

Quality Products Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended September 30, 2012. For the quarter, Net Sales were $5,721,223 against $5,845,627 a year ago. Income from operation was $1,577,684 against $1,822,084 a year ago. Income before provision for income tax was $1,725,245 against $1,781,706 a year ago. Net income was $1,310,210 or $0.55 per basic and diluted share against $1,618,785 or $0.66 per basic and diluted share a year ago. For the year, Net Sales were $20,636,104 against $22,010,379 a year ago. Income from operation was $5,869,987 against $6,870,996 a year ago. Income before provision for income tax was $6,759,056 against $8,554,886 a year ago. Net income was $4,385,564 or $1.83 per basic and diluted share against $5,746,254 or $2.34 per basic and diluted share a year ago. Net cash provided by operating activities was $4,611,753 against $6,650,045 a year ago. Purchases of property and equipment was $37,562 against $80,351 a year ago.