WD-40 Company (WDFC), a global marketing organization, has announced its third quarter results for FY-2015-16.
The results shows fall in Revenues by 3.3% to $92.5 million YoY, while EPS went down by $0.01 to $0.75.
Fiscal Q3 2015 Highlights vs. Same Year-ago Quarter
Total revenues down 3.3 % to $92.5 Million
Total annual NEt sales went up to $286.2 Million
Total gross margin improved to 53.3%.
Net income for the third quarter was $11.0 million, an increase of 5 percent compared to the prior year fiscal quarter. Year-to-date net income was $33.1 million, an increase of 3 percent from the prior year fiscal period.
Diluted earnings per share were $0.75 in the third quarter, compared to $0.69 per share for the prior year fiscal quarter. Year-to-date diluted earnings per share were $2.24 compared to $2.10 in the prior year fiscal period.
Gross margin was 53.3 percent in the third quarter compared to 51.4 percent in the prior year fiscal quarter. Year-to-date gross margin was 52.5 percent compared to 51.6 percent in the prior year fiscal period.
View the full earnings release here.