WD-40 logged a lower profit in its fiscal second quarter as sales from the Americas lagged.
The San Diego-based household-products company reported a profit of $15.5 million, or $1.14 a share, in the three months ended Feb. 29, down from $16.5 million, or $1.21 a share, a year earlier.
Revenue rose 7% to $139.1 million.
Sales were up 1% in the Americas, which accounts for nearly half of WD-40’s revenue, while sales rose 16% in Europe, India, the Middle East and Africa. Revenue from Asia-Pacific was up 4%
WD-40 now expects per-share profit of $5 to $5.30 for the full fiscal year, compared with prior guidance of $4.78 to $5.15 a share.