Financial News

Q1 Sales Slowly Climb at WD-40

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By: TOM BRANNA

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WD-40 Company reported net sales for the first quarter ended Nov. 30, 2013 of $95.5 million, a slight increase from the first quarter last fiscal year and a record quarter for the company. Net income for the first quarter rose 5% to $11.5 million. First quarter multi-purpose maintenance product sales, which include the WD-40 and 3-In-One brands, rose 3% to $83.9 million. The multi-purpose maintenance products are considered a primary focus for the company. However, home care and cleaning produc...

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