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April 14, 2004
By: TOM BRANNA
Editor
WD-40 Company, San Diego, reported net sales for the quarter ended Feb. 29, 2004 were $58.5 million, up a meager 0.2% from the second quarter of last year. Sales for the current year to date increased 1.2% to $111.0 million.Net income for the quarter was $6.2 million, down 23.9% compared to $8.2 million for the prior year’s second quarter. Net income for the six-month period was down 15.3% to $10.6 million.“While we had a few timing setbacks in the domestic business we continued with...
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