WD-40 Sales Rise

WD-40 Company had total net sales of $130 million for the second quarter of 2022, an increase of 16 per cent over net sales in the second quarter of 2021. Net income for the quarter was $19.5 million, an increase of 13 per cent compared to the prior-year fiscal quarter. The company had gross margin of 50.4 per cent compared to 55.4 per cent in 2021. Net sales of maintenance products, which are considered the primary growth focus for the company, increased 19 per cent year-over-year and net sales of homecare and cleaning products decreased 12 per cent.