WD-40 sales up slightly
WD-40 Company reported net sales for its fiscal first quarter were $95.5 million, a slight increase from the $95.2 million in the same period last year.
Net income for the first quarter was $11.5 million, an increase of 5% compared to the prior year fiscal quarter.
First quarter multi-purpose maintenance products sales were $83.9 million, up 3% from the prior year fiscal quarter. The multi-purpose maintenance products are considered a primary focus for the company. Homecare and cleaning products sales were $11.6 million for the first quarter, down 15%.
Americas segment sales in the first quarter were $44.0 million, down 3% compared to the first quarter of the prior fiscal year. The Europe, Middle East, Africa and India segment sales in the first quarter were $36.5 million, up 3% from the prior year fiscal quarter. Asia-Pacific segment sales were $15.0 millionin the first quarter, up 4% from the prior year fiscal quarter.
Diluted earnings per share were 74 cents in the first quarter, compared to 69 cents per share for the same quarter of the prior fiscal year.
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.
