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Fourth-Quarter Net Income Grows at WD-40

WD-40, which markets its namesake lubricant as well as soaps and household cleaning products, reported Oct. 14 that it had quarterly net income of $7.6 million on net sales of $77.8 million. One year ago, the manufacturer turned in net income of $4.7 million on net sales of $76.9 million.

WD-40’s fourth quarter ends Aug. 31, so the business reported full-year results as well.

The corporation reported net income of $26.3 million on net sales of $292 million in fiscal 2009. Fiscal 2008 brought net income of $27.6 million on net sales of $317 million.

WD-40 reported earnings after the markets closed Oct. 14. Shares, listed as WDFC on Nasdaq, were trading hands for $33.55 in the after-hours market, up 5.5 percent from their closing price of $31.83. The stock’s 52-week range is $21.81 to $34.23.

, Brad Graves

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