WD-40 overall reported net sales of $61.8 million for the second quarter, down 21.7 percent from the same quarter in 2008. Second quarter sales in the Americas declined 11.1 percent to $37.2 million, while sales in Europe dropped 34.3 percent to $19.5 million, and Asia-Pacific sales fell 30.9 percent to $5.1 million.

Foreign exchange rates negatively affected second quarter net sales by $8.5 million and negatively affected net income by $1.6 million, the company noted.

For the WD-40 and 3-in-One lubricants segment, worldwide net sales dropped 20.6 percent to $47.1 million for the second quarter ending Feb. 28, compared to the year-earlier period.

During the quarter, we were negatively impacted by the overall weakness in the global economy… as well as the negative impact of the foreign currency exchange rates, said Garry Ridge, WD-40 president and chief executive officer. We are operating under turbulent times, but continue to see plenty of opportunity for growth in our international markets.