WD-40 Company (Nasdaq: WDFC), the San Diego, California based manufacturer and global marketing organization – in more than 176 countries and territories worldwide – of multi-purpose maintenance products manufacturer under the WD-40 and 3-in-One brands, today reported financial results for its third fiscal quarter (Q3) ended May 31, 2017 as follows:
- (Conversion of the Company’s foreign subsidiary results to U.S. dollars had an unfavorable impact on sales for the current quarter and year-to-date. On a constant currency basis total net sales would have been $102.9 million for the third quarter (UP 4.8%) and $301.0 million (UP 6.0%) year-to-date.)
- Year-to-date net income was $38.6 million, an increase of $0.2 million from the prior year fiscal period.
- Year-to-date diluted earnings per share were UP to $2.71 compared to $2.65 in the prior year fiscal period.
- Year-to-date gross margin was UP to 56.3% compared to 55.9% in the prior year fiscal period.
- Year-to-date Selling, general and administrative expenses were UP 1% compared to the prior year fiscal period.
- Year-to-date advertising and sales promotion expenses were DOWN 10% to $15.3 million compared to the prior year fiscal period.
