WD-40 Reports 1Q Sales Rise 5.6%
WD-40 Company’s sales for the first quarter ended Nov. 30, 2008 increased 5.6% to $83.6 million, while net income leaped 23.4% to $7.7 million. First quarter multi-purpose product sales, which includes the WD-40 and 3-In-One brands, rose 14.9% to $65.9 million. However, the firm’s home care and cleaning product sales, which include all other brands, dropped 18.8% to $17.7 million. First quarter sales in the Americas rose 4.5% to $45.5 million. Meanwhile, European sales rose 6.1% to $30.1 million, while Asia-Pacific sales rose 10.3% to $7.9 million.
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