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WD-40 Q2 Sales, Profit Flat

By Eric Volkman - Apr 4, 2013 at 10:15PM

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The maker of the popular fluid reports top and bottom lines that didn't move much compared to last year.

WD-40's (WDFC 1.14%) 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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WD-40 Company Stock Quote
WD-40 Company
WDFC
$178.27 (1.14%) $2.00

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