WD-40 Q2 Sales, Profit Flat
Apr 4th 2013 10:15PM
Updated Apr 4th 2013 10:20PM
WD-40's 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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