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WD-40 Company Q1 total net sales $92.5 million, decrease of 4%

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Staff writer ▼ | January 8, 2016
WD-40 Company reported financial results for its first fiscal quarter ended November 30, 2015. Total net were $92.5 million, a decrease of 4 percent compared to the prior year fiscal period.
WD-40 Company
WD-40   Net income was $12.1 million
Translation of the company's foreign subsidiary results from their functional currencies to U.S. dollars had an unfavorable impact on sales for the current quarter. On a constant currency basis total net sales would have been $96.2 million for the first quarter.

Net income for the first quarter was $12.1 million, an increase of 12 percent from the prior year fiscal period.

Diluted earnings per share were $0.83 compared to $0.73 in the prior year fiscal period.

Gross margin was 55.6 percent compared to 51.6 percent in the prior year fiscal period.

Selling, general and administrative expenses were up 2 percent in the first quarter to $27.8 million when compared to the prior year fiscal quarter. Advertising and sales promotion expenses were down 4 percent to $5.7 million compared to the prior year fiscal quarter.


 

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