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WD-40 fiscal Q1 profit climbs 8.6% YOY

WD-40 Co. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to 73 cents per share, compared with the S&P Capital IQ consensus estimate of 80 cents per share.

EPS increased 10.7% year over year from 66 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.5 million, a gain of 8.6% from $9.7 million in the year-earlier period.

The normalized profit margin rose to 11.4% from 10.1% in the year-earlier period.

Total revenue declined year over year to $92.5 million from $96.4 million, and total operating expenses fell 6.7% year over year to $75.4 million from $80.8 million.

Reported net income rose 11.6% year over year to $12.0 million, or 83 cents per share, from $10.8 million, or 73 cents per share.