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But net income surges and margin improves.
January 11, 2010
By: TOM BRANNA
Editor
WD-40 Company’s fiscal first quarter sales fell 7% to $77.7 million. Net income jumped more than 22% to $9.4 million. Moreover, gross profit margin improved from 46.3% to 51.4% during the quarter. Sales of multi-purpose products, including WD-40 and 3-In-One brands, fell 7.9% to $60.7 million. Sales of homecare and cleaning products fell 3.8% to $17 million. By region, sales in the Americas fell 4% to $43.7 million. Sales in Europe fell 9.6% to $27.2 million and sales in Asia-Pacific...
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