Financial News

Multi-Purpose Maintenance Products Drive WD-40

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By: TOM BRANNA

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WD-40 Company reported net sales for the second quarter ended Feb. 28, 2014 rose 9% to $94.2 million. Year-to-date net sales increased 4% to $189.7 million. Net income for the second quarter slipped 1% to $10.3 million. Year-to-date net income rose 2% to $21.8 million. Second quarter multipurpose maintenance products sales, which include the WD-40 and 3-In-One brands increased 11% to $83.8 million, and rose 7% to $167.8 million year-to-date. The multipurpose maintenance products are consid...

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