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WD-40 Posts Record Results

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By: TOM BRANNA

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WD-40 Co. today reported net sales for the fiscal year ended Aug. 31, 2000 rose 4.4% to a record $152.7 million. Net income however, fell 6.8% to $20.6 million. “We are pleased with the record year and are equally happy with the growth we have made in building our infrastructure and the platform for future growth. The lower earnings for the year were a result of our investment in our growth strategy, and although anticipated, these results were disappointing,” said Garry O. Ridge, pr...

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