07.01.22
San Diego, CA
www.wd40.com
Sales: $488 million
Key Personnel: Garry Ridge, chairman and CEO (until Aug. 31, 2022); Steve Brass, president, COO and board member (until Aug. 31, 2022); Alice Fournier, VP-global digital development and chief digital officer; Meghan Lieb, PhD, VP-global R&D
Major Products: Maintenance and home care and cleaning products sold under brand names that include WD-40, 3-in-One, X-14, 2000 Flushes, Carpet Fresh, No Vac, Spot Shot, 1001, Lava and Solvol
Comments: For the full fiscal year 2021 ended Aug. 31, 2021, WD-40 revenues rose 19% to $488.1 million. Maintenance product sales rose 21% and home cleaning product sales (just $39 million for year) posted a 1% gain, although sales in the Americas (its largest market), fell by 7%. The decline in home care was driven primarily by a falling sales of Lava, X-14 and Spot Shot, which were tempered by increased sales of products in the toilet brand 2000 Flushes.
WD-40 said it experienced a significant increase in sales for most of its home care and cleaning products during the second half of fiscal year 2020 due to increased demand for such products as a result of the pandemic, but in the second half of fiscal year 2021, demand for certain products began to return to more normal levels. Additionally, WD-40 said home care and cleaning products in the Americas were also negatively impacted during the fiscal year ended Aug. 31, 2021 by the challenges in its Americas supply chain and the discontinuation of certain products within these brands.
Steve Brass has been tapped to lead WD-40, replacing Chairman and CEO Garry Ridge who will retire. Brass joined WD-40 in 1991 and risen through the ranks, holding various management positions including European commercial director, division president, Americas and chief brand officer. He was named president and COO in 2019.
www.wd40.com
Sales: $488 million
Key Personnel: Garry Ridge, chairman and CEO (until Aug. 31, 2022); Steve Brass, president, COO and board member (until Aug. 31, 2022); Alice Fournier, VP-global digital development and chief digital officer; Meghan Lieb, PhD, VP-global R&D
Major Products: Maintenance and home care and cleaning products sold under brand names that include WD-40, 3-in-One, X-14, 2000 Flushes, Carpet Fresh, No Vac, Spot Shot, 1001, Lava and Solvol
Comments: For the full fiscal year 2021 ended Aug. 31, 2021, WD-40 revenues rose 19% to $488.1 million. Maintenance product sales rose 21% and home cleaning product sales (just $39 million for year) posted a 1% gain, although sales in the Americas (its largest market), fell by 7%. The decline in home care was driven primarily by a falling sales of Lava, X-14 and Spot Shot, which were tempered by increased sales of products in the toilet brand 2000 Flushes.
WD-40 said it experienced a significant increase in sales for most of its home care and cleaning products during the second half of fiscal year 2020 due to increased demand for such products as a result of the pandemic, but in the second half of fiscal year 2021, demand for certain products began to return to more normal levels. Additionally, WD-40 said home care and cleaning products in the Americas were also negatively impacted during the fiscal year ended Aug. 31, 2021 by the challenges in its Americas supply chain and the discontinuation of certain products within these brands.
Steve Brass has been tapped to lead WD-40, replacing Chairman and CEO Garry Ridge who will retire. Brass joined WD-40 in 1991 and risen through the ranks, holding various management positions including European commercial director, division president, Americas and chief brand officer. He was named president and COO in 2019.