WD-40 sales up 7%
WD-40 Company reported 3Q net sales of $93.1 million, an increase of 7% from the third quarter last fiscal year.
Year-to-date net sales were $275.1 million, up 7% from the same period last fiscal year.
Net income was $10.3 million, or 66 cents per share.
Third quarter multi-purpose maintenance products sales, which include the WD-40, 3-IN-ONE and BLUE WORKS brands were $82.2 million, up 12% from the prior year fiscal quarter, and $239.4 million year-to-date, up 11% from the same period last fiscal year. The multi-purpose maintenance products are considered a primary focus for the company.
Americas segment sales were $47.6 million, up 8% compared to the third quarter last fiscal year. Europe segment sales were $32.5 million, up 8% and Asia-Pacific segment sales remained constant at $13.0 million.
"We are pleased with our performance across the globe this past fiscal year, and have confidence in our ability to continue to leverage the WD-40 shield and to create solid growth in our core product lines," said Garry Ridge, WD-40 Company president and chief executive officer. "As we continue to celebrate our 60th anniversary as a company, we are thinking big about our future as we strive to maintain growth in our multi-purpose maintenance products lines and implement our strategic initiatives."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
