By Kelly Cloonan
WD-40 logged higher profit in its fiscal third quarter as a rise in maintenance product sales helped offset currency headwinds.
The household-products company on Thursday posted a profit of $21 million, or $1.54 a share, compared to $19.8 million, or $1.46 a share, in the same period a year earlier.
Sales rose 1% to $156.9 million.
The San Diego company said unfavorable currency translation from its foreign subsidiaries added a $1.6 million drag to its top line.
Core maintenance product revenue rose 1% year-over-year. Sales rose 4% in the company's Americas segment, 7% in Asia-Pacific, and declined 5% in Europe, India, the Middle East and Africa.
For the fiscal year, WD-40 now expects earnings of $5.30 to $5.60, up from its prior projection for $5.25 to $5.55 a share.
The company expects sales of $600 million to $620 million for the year, lowering the top end of its prior range of $600 million to $630 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
Core maintenance product revenue rose 2% year-over-year. "WD-40 Logs Higher 3Q Profit," at 4:44 p.m. ET, incorrectly said it rose 1% year-over-year.
(END) Dow Jones Newswires
July 10, 2025 18:57 ET (22:57 GMT)
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