WD-40 sales climb 3 percent
WD-40 Company reported third-quarter net sales were $95.7 million, an increase of 3 percent compared to last year's third quarter.
Year-to-date total net sales were $285.4 million, an increase of 4 percent from last year.
Net income for the quarter increased by 1 percent to $10.4 million, or 69 cents per share, compared to $10.2 million, or 66 cents, in the same period last year.
Year-to-date net income was $32.2 million, an increase of 2 percent from the prior year fiscal period.
Net sales of multi-purpose maintenance products, which are considered the primary growth focus for the company, grew 3 percent in the quarter and 6 percent year-to-date compared to the prior fiscal year periods. This growth was driven by successful expansion of the WD-40 Specialist product line in all three segments and double-digit growth of WD-40 multi-purpose maintenance product sales in Europe and Asia-Pacific.
Net sales of homecare and cleaning products decreased 1 percent in the current quarter and 8 percent year-to-date when compared to the prior fiscal year periods.
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.
