Company News, Financial News

WD-40 Reports Flat Second Quarter Sales

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By: TOM BRANNA

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D-40 Company, San Diego, CA, posted net sales of $58.5 million for the quarter ended Feb. 29, 2004, only a 0.2% increase from the second quarter of 2003. Sales for the curent year to date increased 1.2% to $111 million. Net income for the quarter was $6.2 million, down 23.9% compared to $8.2 million for the second quarter of 2003. Net income for the six-month period decined 15.3% to $10.6 million. “While we had a few timing setbacks in the domestic business, we continued with solid growth in o...

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