WD-40 Co. said April 9 that it had net income of $8.67 million, or 51 cents per diluted share, on sales of $78.9 million during the quarter ended Feb. 29. That stacks up to net income of $8.94 million or 52 cents per diluted share on sales of $79.3 million during the same quarter one year ago.
The maker of lubricants and other consumer products also scaled back its earnings forecast April 9, saying it expects to make $1.80 to $1.90 per share, down from an original estimate of $1.83 to $1.93 per share.
Shares of WD-40 closed down 8.7 percent to $30.27 on April 10. The company’s Nasdaq symbol is WDFC.
, Brad Graves