QEP Co. Inc. (QEPC) Full-Year Profit Falls 22% on Weak Demand

QEP Co. Inc. (NASDAQ: QEPC) on June 1, 2026, reported a 22% decline in net income for its fiscal year ended April 30, 2026, as softening demand for building products and elevated raw material costs eroded margins. Net income fell to $18.4 million, or $1.12 per diluted share, from $23.6 million, or $1.44 per share, a year ago. Revenue decreased 5% to $412 million, missing consensus estimates of $430 million. Gross margin contracted to 28.1% from 31.4%, reflecting higher input costs. Operating expenses were flat. The company did not provide forward guidance in the release. Shares of QEP Co. declined 4.7% to $9.52 in extended trading following the announcement.