Posted January 10, 2011
WD-40 sales up 4 percent
WD-40 Company reported first quarter sales of $80.9 million, an increase of 4% from the first quarter last year.
Net income was $9.1 million, down 4% from the prior fiscal year first quarter.
Multi-purpose maintenance products sales, which include the WD-40, 3-in-One, and Blue Works brands, were $66.5 million, up 10% from the same quarter last fiscal year. Homecare and cleaning products sales, which include all other brands, were $14.4 million in the first quarter, down 16% from the same period last fiscal year.
America's segment first quarter sales were $39.2 million, down 10% compared to the first quarter of last fiscal year. Europe segment sales in the first quarter were $30.8 million, up 13% compared to the same period last fiscal year. Asia-Pacific segment first quarter sales were $11.0 million, up 61% compared to the first quarter of last fiscal year.
Percentage of total sales by segment for first the quarter were 48% from the Americas, 38% from Europe and 14% from Asia/Pacific.
