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Flooring Expert Mike Husby of Sioux Falls Shares Advice on Preparing Your Home for New Floors for HelloNation
Globenewswire· 2025-11-15 16:16
Core Insights - Proper floor preparation is crucial for ensuring the longevity and aesthetic appeal of flooring installations, as highlighted by Flooring Expert Mike Husby [1][12] Group 1: Importance of Floor Preparation - The flooring installation process begins with clearing the room of furniture and debris to create a clean workspace, which is essential for successful installation [2] - Subfloor preparation is vital, as any imperfections like cracks or dips can lead to visible flaws in the finished flooring [3] - Moisture testing is necessary to prevent damage from trapped humidity, particularly in areas like basements where concrete slabs may hold moisture [4] Group 2: Steps in Floor Preparation - Careful removal of old flooring materials is important to ensure a smooth subfloor and prevent future issues [5] - Environmental conditions, such as humidity and temperature, should be managed by acclimating flooring materials before installation [6] - Attention to detail around edges, including door heights and transitions, can prevent complications during installation [7] Group 3: Special Considerations - For homes with radiant heating, it is crucial to confirm safe temperature levels for the flooring type to avoid damage [8] - Clear communication between homeowners and contractors regarding layout and design can streamline the installation process [9] Group 4: Conclusion - A steady, dry, and level base is essential for successful flooring installations, and neglecting preparation steps can lead to early wear and costly repairs [10][11] - Investing time in proper preparation not only enhances the quality of the installation but also adds lasting value to homes [12]
Q.E.P. Co., Inc. Reports Fiscal 2026 First Quarter Financial Results and Declares Second Quarter Cash Dividend
Globenewswire· 2025-07-15 12:00
Core Points - Q.E.P. Co., Inc. reported a net sales decline of 3.1% to $61.5 million for the first quarter ended May 31, 2025, primarily due to reduced home improvement spending amid high interest rates and economic uncertainty [2][4] - The company's gross profit increased slightly to $22.7 million, with a gross margin improvement to 36.9% from 35.4% year-over-year, attributed to inventory sell-through before tariff increases [3][4] - Net income for the quarter was $4.4 million or $1.36 per diluted share, compared to $4.5 million or $1.34 per diluted share in the prior year [6][15] - The company declared a quarterly cash dividend of $0.20 per share, reflecting its commitment to returning value to shareholders [10] Financial Performance - Net sales decreased by $2.0 million or 3.1% from the previous year [2] - Gross profit increased by $0.2 million or 0.1% year-over-year [3] - Operating expenses totaled $16.9 million, representing 27.4% of net sales, slightly up from 27.2% in the prior year [4] - EBITDA from continuing operations rose to $6.1 million or 10.0% of net sales, compared to $5.6 million or 8.8% in the same quarter last year [7] Cash Flow and Balance Sheet - Cash provided by operating activities was $2.6 million, down from $6.1 million in the prior year, due to a strategic inventory build [8] - As of May 31, 2025, working capital was $70.2 million, an increase from $67.4 million at the end of fiscal 2025 [9] - Aggregate available cash, net of outstanding debt, was $30.4 million, up from $28.4 million at the end of fiscal 2025 [9] Strategic Developments - The company opened a new adhesive production facility in Dalton, Georgia, enhancing its domestic manufacturing capabilities [4] - Q.E.P. continues to focus on expanding its sourcing capabilities and improving operational efficiencies [4]