QEP Co. to delist stock - The Business Journal of Milwaukee:

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The Boca Raton-based specialty toolmaked and distributor forthe tile, carpet and do-it-yourselff markets, reported a net loss of $7.3 million, or $2.1 a share, for the year ended Feb. 28. That's down from net income of $2.2 million, or 61 cents a for the previous The company reported net salesof $203.6 million for fiscal year 2009, down from $217 millionj the previous year. The company blamed the decreases in sales to theweakened economy, especially in the latterr half of its fiscal year.
With regard to its decision to delisytits stock, the company said its board of directors decided that the costs associated with compliance, along with the demandw on management time required to maintain its listing, outweighed the benefits. Shares QEPC) fell 10 cents to $1.64 in afternoonm trading. The 52-week high was $7.46 on July 16. The 52-week low was 77 centxs on March 9.