Shares of WD-40 Co. gained almost 6 percent Oct. 17, one day after the company announced fourth quarter earnings.
The maker of specialty lubricants, soap and chemicals reported net income of $11.5 million on net sales of $97.6 million for the quarter. One year ago, the company recorded net income of $8.1 million on net sales of $93.5 million.
For the year, WD-40 (Nasdaq: WDFC), reported $43.7 million in net income, on net sales of $383 million. In fiscal 2013, the company reported net income of $39.8 million on net sales of $368.5 million.
Shares of WD-40 gained $3.97, or 5.8 percent, to end the week’s trading session at $71.90 on Oct. 17.