The 2020 Mid-Year Economic Update_long

WD-40 Sales Down 3% in 3Q

Year-to-date sales up slightly.

WD-40 Company (NASDAQ: WDFC), San Diego, CA, reported sales for the fiscal third quarter ended May 31 of $92.5 million, a decrease of 3 percent year-over-year. Profit increased 5 percent to $11 million.

Third quarter multi-purpose maintenance products sales, which include the WD-40 and 3-IN-ONE brands, were $81.5 million, down 4 percent from the prior year.

Homecare and cleaning products sales, which include all other brands, were $11 million for the third quarter, up 1 percent year-over-year.

Americas segment sales in the third quarter were up 10 percent to $49.7 million compared to the prior year quarter. The Europe, Middle East, Africa and India segment sales were $30.3 million, down 17 percent, and Asia-Pacific segment sales were $12.4 million, down 11 percent year-over-year.

For the first nine months of the fiscal year, sales were $286.2 million, a slight increase compared to the prior year fiscal period. Profit for the period was $33.1 million, an increase of 3 percent.

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