Sales: $380 million.
Key Personnel: Garry Ridge, president, chief executive officer and director; Steve Brass, division president, Americas; Rich Clampitt, vice president, general counsel and corporate secretary; Mike Freeman, chief strategy officer; Geoff Holdsworth, managing director, Asia-Pacific; Bill Noble, managing director, EMEA; Jay Rembolt, vice president, finance, treasurer and chief financial officer; Stan Sewitch, vice president, global organization development.
Major Products: Maintenance products as well as home care and cleaning products including X-14, 2000 Flushes, Carpet Fresh, 1001/No Vac, Spot Shot, Lava and Solvol heavy-duty hand cleaner products and bar and liquid soaps.
Comments: WD-40’s sales for the full fiscal year were $380 million, an increase of 1% compared to the prior fiscal year. Sales of its maintenance products, the brand’s primary business, rose 2% as WD-40’s home care and cleaning segment sales dropped 9%. According to company, home care and cleaning products, particularly those in the US, remain harvest brands that while providing healthy profit returns to the company, continue to become a smaller part of WD-40’s business. It’s a statement the company has made before, and one has to wonder if soon enough those brands may find a new owner.