Posted July 7, 2010
WD-40 sales up 20 percent
WD-40 Company reported Q3 net sales of $82.6 million, an increase of 20.0% from the third quarter last year.
Year-to-date net sales were $240.8 million, up 12.4% from the same period last year.
Net income was $9.1 million, an increase of 32.2% compared to the prior year's third quarter. Year-to-date net income was $29.2 million, an increase of 56.5% compared to the same period last year.
Third quarter multi-purpose maintenance products sales, which include the WD-40, 3-In-One and Blue Works brands, were $67.9 million, up 29.2% versus the same quarter last year, and $194.2 million year-to-date, up 17.4% from the prior year.
Americas third quarter sales were $46.5 million, up 13.1% compared to the third quarter last year and were $134.4 million year-to-date, up 8.5%. Europe sales in the third quarter were $27.0 million, up 24.6% and were $82.9 million year-to-date, up 16.2%. Asia-Pacific sales were $9.1 million in the third quarter, up 50.2% and were $23.6 million year-to-date, up 23.9%.
