Menu
Posted October 20, 2017

WD-40 sales down for year

WD-40 Company said its net sales for the fourth quarter were $96.6 million, a decrease of 1 percent compared to the prior year fiscal quarter.


Net sales for the full fiscal year were $380.5 million, a decrease of $0.2 million compared to the prior year fiscal year.

Net income for the fourth quarter was $14.4 million, an increase of 1 percent compared to the prior year fiscal quarter. For the full fiscal year net income was $52.9 million, also an increase of 1 percent from the prior fiscal year.

Net sales in the Americas were down 7 percent in the fourth quarter primarily attributable to an 11 percent decrease in sales of maintenance products in the United States. These declines were partially offset by higher sales of maintenance products in Canada and Latin America. 

Net sales of maintenance products, which are considered the primary growth focus for the company, remained relatively constant at $86.4 million in the fourth quarter compared to $86.5 million in the prior year period.

SPONSORED ADS