WD-40 Posts Strong Earnings Amid ‘Isolation Renovation’ Trend

WD-40  (WDFC) – Get Report shares soared Wednesday after the company with the iconic lubricant spray reported strong profit amid do-it-yourself projects during the coronavirus pandemic.

WD-40 shares traded at $229.82, up 16.36%, and have risen 18% year to date.

In the fiscal fourth quarter ended Aug. 31, the company posted profit of $19.7 million, or $1.42 a share, more than double the year-earlier quarter’s profit of $8.6 million, or 63 cents a share. Revenue climbed 5% to $111.6 million from $106.7 million last year.

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