WD-40 reported net income of $21 million for the quarter ending May 31, a 45% increase from a year earlier, while net sales for its maintenance products group also rose 45% year-on-year to $127.4 million in 2021. The company cited a recovery from the early stages of the COVID-19 pandemic for its improved sales.
Earnings per diluted share were $1.52 for the quarter, up from $1.06 the previous year. San Diego-based WD-40’s fiscal year runs from Sept. 1 to Aug. 31.
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