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QEP Co. Inc.(QEPC): Reported net sales of $80.7 million for the quarter ended November 30, 2017, an increase of $2.8 million or 3.6% from the $78.0 million reported in the same period of fiscal 2017. Adjusting for the non-cash asset impairment charge and corporate development related expenses of $2.3 million ($1.4 million net of tax) adjusted net income for the third quarter of fiscal 2018 was $1.7 million, or $0.54 per diluted share, compared to adjusted net income of $2.0 million, or $0.62 per share, in the third quarter of the prior fiscal year. Lewis Gould, Chairman of the Board of Directors, commented “QEP has been very active over the past few months. In December we sold two of our domestic operating facilities and related equipment as we began a process of improving efficiency in our business. Over the next few months we will continue to streamline our operations and prepare for growth and expansion. These transactions generated $5.5 million of cash, net of related debt. Our Board of Directors has elected to return some of this cash to our shareholders in the form of a special dividend with the remainder of the proceeds being used for general operating purposes. We are encouraged by the recent tax law changes in the United States believing that as a full tax payer we will benefit from these changes. As a company, we will take this opportunity to make strategic investments in our existing workforce, operating infrastructure and acquisitions to continue to grow our company.” QEP is a manufacturer, marketer and distributor of hardwood flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer.