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Wednesday, Jul 17, 2024
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Revenue, Net Income Both Rise at WD-40 (April 2007)

For the second quarter ended Feb. 28, San Diego-based WD-40 Co. announced net sales of $79.3 million, up 11 percent from $71.5 million a year ago.

Second-quarter net income was $8.9 million, or 52 cents per diluted share, up 24 percent from $7.2 million, or 43 cents per diluted share, from the like period of 2006.

Sales of WD-40 products rose in the Americas by 8 percent, Europe by 19 percent and the Asia-Pacific region by 9 percent, resulting in a total sales increase of 11 percent.

Lubricant, household products and hand cleaner manufacturer WD-40 Co. is traded on the Nasdaq as WDFC and was up $5.35 , 17 percent , to $37.24 in midday trading April 9.

, Andy Killion

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