WD-40 declares strong Q4
Domestic lubricant manufacturer, WD-40, saw fourth quarter income rise on a largely flat year.
The iconic brand owner saw a 48% jump in net income at $10.2m as its year drew to a close, up from $6.9m for the same quarter last year. Sales revenue from WD-40, 3-In-One and Blue Works rose 16% globally to just over $74m, with the main growth coming from the European and Asia Pacific regions.
The latest figures exceeded analyts' expectations, although the overall year's results were flat with earnings of $36.4m, marginally up on 2010, on income of $336.4m, a 4.6% improvement on the previous year. The company expects earnings of up to $370m next year, with net income forecast to increase to between $37.2 and £39.2m.
Published 21st October, 2011
