WD-40 shares pop 6% after company reports higher quarterly sales
By Will Feuer
Shares of WD-40 (WDFC) climbed in after-hours trading Tuesday after the maker of maintenance and cleaning products reported higher sales and earnings for its fiscal first quarter.
The stock rose about 6% to $252, adding to gains of nearly 46% over the past 12 months.
The company posted quarterly earnings of $1.28 a share, up from $1.02 a share in the same period last year. Revenue rose 12% to $140.4 million.
On a conference call, Chief Executive Steve Brass said the company ran successful promotional campaigns across the U.S., Canada, China and other important markets. Sales volumes of the company's multi-use product were down in Europe as customers responded to price increases.
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01-09-24 1838ET
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