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WD-40 Company’s 1Q Net Sales up 2.3%

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By: TOM BRANNA

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WD-40 Company, San Diego, CA, today reported net sales for the quarter ended November 30, 2003 were $52.5 million, an increase of 2.3% over the first quarter last fiscal year. Net income for the quarter was $4.4 million, or $0.26 per share, up 0.8% compared to the prior year’s quarter.“We had a solid quarter and are well poised to meet our goals for the year,” said Garry O. Ridge, WD-40 company president and chief executive officer.Total sales for the quarter were 75.6% from th...

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