WD-40 sales rise 9%
WD-40 Company reported net sales for the second quarter were $86.0 million, an increase of 9% from the second quarter last fiscal year.
Year-to-date net sales were $170.9 million, up 7% from the same period last fiscal year.
Net income for the second quarter was $10.6 million, an increase of 16% compared to the prior year fiscal quarter. Year-to-date net income was $17.4 million, a decrease of 4% from the prior fiscal year period.
Second quarter multi-purpose maintenance products sales were $71.4 million, up 9% from the same period last fiscal quarter, and $142.2 million year-to-date, up 8% from the same period last fiscal year. The multi-purpose maintenance products are considered a primary focus for the company.
Americas segment sales in the second quarter were $46.0 million, up 21% compared to the second quarter last fiscal year and were $86.7 million year-to-date, up 12% compared to the prior fiscal year period.
"We are pleased with our overall results during the quarter and our tribe continues to deliver on our key strategic initiatives," said Garry Ridge, WD-40 Company president and chief executive officer. "This continued focus on the key areas of our business has, and will continue to ensure we stay focused on our long-term results."
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
