Quality Industrial Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John-Paul Backwell
- Full Time Employees
- 126
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- 315 Montgomery Street San Francisco CA United States of America 94104
- IPO Date
- Dec 10, 2009
- CIK
- 0001393781
- Website
- qualityindustrialcorp.com
- Similar Companies
- Business
- Quality Industrial Corp. engages primarily in the industrial and energy sectors, specializing in providing comprehensive solutions for the liquefied petroleum gas (LPG) industry. The company offers a broad range of products and services encompassing the design, supply, construction, operation, and maintenance of LPG systems. Its core offerings include consulting and project management, installation and commissioning of LPG, propane, and synthetic natural gas-compatible systems, as well as the installation of aboveground and underground LPG tanks with associated pipeline and instrumentation components. Additionally, the company delivers critical infrastructure services such as gas leak detection systems, pressure-reducing and distribution stations, LPG metering stations, vaporizer systems, deluge and sprinkler systems, and other gas safety systems. Quality Industrial Corp. also manages the transportation and supply of LPG in both bulk and cylinder formats to an extensive client base of approximately 40,000 customers. These services cater across various sectors including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments. Geographically, Quality Industrial Corp. operates primarily in the Middle East and United States, with headquarters located at 315 Montgomery Street, San Francisco, California. The company was founded in 1998 and functions as a subsidiary of Fusion Fuel Green PLC. Its operational business includes Al Shola Al Modea Gas LLC, founded in 1980, which serves as a significant part of its gas and utilities sector operations. The company targets industrial, commercial, and residential markets, providing end-to-end LPG system solutions emphasizing safety, efficiency, and regulatory compliance. Recent major company changes include a strategic realignment of its executive leadership and board approved in August 2025, appointing Carsten Kjems Falk as Interim Chief Financial Officer, Sanjeeb Safir as Chief Operating Officer overseeing Middle East operations, and Frederico Figueira de Chaves as Chairman of the Board. These changes followed several resignations to facilitate the new leadership structure. In November 2025, the company announced governance and financial updates including board strengthening, debt reduction efforts, and a reported 32.1% revenue increase for its subsidiary Al Shola Al Modea Gas LLC. Quality Industrial Corp. is also progressing with a pending transaction involving Fusion Fuel Green PLC acquiring a controlling interest, subject to shareholder vote and Nasdaq approval. The company has shown robust revenue growth of 367% over the past twelve months despite ongoing profitability challenges. Overall, Quality Industrial Corp. is a specialized industrial energy company delivering critical LPG-related products and services, focused on expanding growth through strategic leadership changes, operational efficiency, and financial strengthening initiatives, with a clear footprint in the US and Middle East markets.
Fusion Fuel Highlights First Quarter 2026 Financial Results of Majority-Owned Subsidiary Quality Industrial Corp., Highlighted by Return to Profitability and Significant Operating Expense Reduction
Quality Industrial Corp. Announces CEO Transition
Fusion Fuel Highlights Fiscal Year 2025 Results and Business Progress of Majority-Owned Subsidiary Quality Industrial Corp.; Achieves 45.9% Year-Over-Year Revenue Growth to $16.3 Million
QIND Reports FY 2025 Results: 45.9% Revenue Growth, Core Turnaround Action Highlights
QIND Reports FY 2025 Results: 45.9% Revenue Growth, Core Turnaround Actions Completed
Quality Industrial Corp. Files Preliminary Schedule 14C Information Statement Regarding Increase in Authorized Common Stock
Donaldson: High-Quality Industrial Compounder Positioned For Multi-Year Growth And P/E Re-Rating
Prologis: Buy This Quality Industrial Warehouse REIT For Income And Growth
Quality Industrial Corp. Reports Fiscal Year 2024 Results; Subsidiary Al Shola Gas Achieves 31.1% Year-Over-Year Revenue Growth
Fusion Fuel Announces Completion of QIND Acquisition and Executive Leadership Changes
Fusion Fuel Green (NASDAQ: HTOO) Executes Agreement to Acquire Majority Stake in QIND
EQT Exeter to Acquire Strategic Supply Chain Assemblage Comprising Nearly Five Million Square Feet of Institutional Quality Industrial Assets
QIND Appoints New Independent Registered Public Accounting Firm and Provides Update
QIND Operating Company, Al Shola Gas, Receives Over $1 Million in New Orders Since The Start of July 2024
QIND Summarizes First Quarter of 2024 Results and Provides Progress Update
QIND Presses Forward Strongly with Completed Acquisition, Al Shola Gas
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Quality Industrial Corp. Files Amended S-1 Registration Statement in a Firm Commitment Public Offering and Concurrent NYSE American Listing
QIND Files Its Third Quarter of 2023 Results, Displaying Continued Quarter-on-Quarter Revenue Growth