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But company reports a decline for the full year.
October 15, 2009
By: TOM BRANNA
Editor
WD-40, which markets its namesake lubricant as well as soaps and household cleaning products, reported Oct. 14 thatquarterly net income surged 64% to $7.6 million and net sales rose 1% to $77.8 million. “During the quarter, margin benefited from stabilization in the cost of petroleum-based products as well as positive impacts from investments related to our supply chain we made during the year,” Chief Executive Garry Ridge said in a statement.
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