WD-40 Q1 profit dropped to $12.2 millionChristian Fernsby ▼ | January 10, 2020
WD-40's first quarter profit dropped to $12.2 million or $0.88 per share, compared with last year's profit of $13.3 million or $0.95 per share.
WD-40 Revenues fell 3% to $98.6 million from $101.2 million in the year ago period
Thomson Reuters does not poll enough analysts for reliable consensus estimates.
Gross margin percentage was 54.3% compared to 55.1% in the prior year fiscal quarter. Selling, general and administrative expenses were down $0.1 million in the first quarter to $32.6 million compared to the prior year fiscal quarter.
Looking forward to the full year 2020, the company reiterates sales of $436 million to $453 million and earnings of $4.74 to $4.83 per share. ■