WD-40 Q2 Sales, Profit Flat

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WD-40's  (NASDAQ: WDFC  ) results for the company's Q2 2013 have been released. For the quarter, net sales came in at $86.7 million, a slight rise from the $86.0 million in the same quarter the previous year. Net profit, meanwhile, inched down by 1%, to $10.5 million ($0.66 per diluted share), from Q2 2012's figure of $10.6 million ($0.65).

Although the net sales result was under the average analyst projection of $87.4 million, its EPS well exceeded estimates of $0.56.

In the press release announcing the earnings, WD-40 also updated its guidance for fiscal 2013. The company now expects net sales of $356 million-$370 million, and diluted EPS of $2.32-$2.42 for the year.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

10/9/2015 4:00 PM
WDFC $94.85 Up +0.86 +0.91%
WD-40 Company CAPS Rating: *****