By Christopher Kuo
WD-40 logged double-digit sales growth in its fiscal second quarter led by higher demand for its products in the Asia-Pacific region.
The household-products company on Thursday said second-quarter profit fell to $20.3 million, or $1.50 a share, from $29.9 million, or $2.19 a share, a year earlier. Last year's results were boosted by an $11.9 million income tax adjustment, WD-40 said.
Sales rose 11% to $161.7 million.
Maintenance product sales, which make up most of the company's topline, increased 13% to $156.8 million.
Sales in the Americas region increased 10% year over year. Sales across Europe, India, Middle East and Africa rose 9%, driven by favorable changes in foreign currency exchange rates, the company said. Sales in the Asia-Pacific region grew 19%, driven by higher sales of its WD-40 Multi-Use Product in China.
The company expects robust promotional activity to drive high single-digit to low double-digit growth in the Americas. That, along with momentum in other regions, should help offset any challenges related to uncertain economic and geopolitical conditions, said Chief Executive Steve Brass.
The San Diego company reaffirmed its full-year outlook.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
April 09, 2026 16:39 ET (20:39 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments