WD-40 Reports Net Income of $18.9 Million for the Third Quarter of 2023
WD-40 Records Revenue of $141.7 Million in Q3 2023
By USInMinutes
Published - Jul 11, 2023, 11:57 AM ET
Last Updated - Aug 16, 2024, 12:04 AM EDT
WD-40 Company (WDFC), a global consumer pr oducts company known for its iconic WD-40 Multi-Use Product, announced its financial results for the third quarter ended May 31, 2023. The company reported a net income of $18.9 million for the quarter, reflecting a continued positive trend. Furthermore, WD-40 achieved a revenue of $141.7 million, demonstrating strong sales growth during the period.
Financial Highlights
Net income for the third quarter of 2023 reached $18.9 million, showing a significant increase compared to $14.5 million in the same period last year.
Revenue for the quarter amounted to $141.7 million, representing a substantial growth from $123.7 million in Q3 2022.