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WD-40 Posts Gains in Q2

Multi-purposing maintenance products most robust in sales.

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By: TOM BRANNA

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WD-40 Company (WDFC) posted a 1% increase in net sales for the second quarter ended Feb. 28, 2013 of $86.7 million. Year-to-date net sales were $182.0 million, up 6% from the same period last fiscal year. Net income for the second quarter fell 1% to $10.5 million, while year-to-date net income was $21.4 million, an increase of 23% from the prior fiscal year period. Second quarter multi-purpose maintenance products sales, which include the WD-40, 3-in-one and Blue Works brands were $75...

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