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WD-40 posts mixed results in third quarter
San Diego-based WD-40 Co. posted third-quarter net sales of $85.5 million, an increase of 4% compared with the same quarter last year. Net income, however, slipped 12% to $8.1 million for the quarter ended May 31.
CEO Garry Ridge pointed to increases in commodity prices that have negatively impacted the company's gross margin, which was 49.3% in the third quarter, compared with 51.2% in the same quarter last year.
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California Redwood Co. completes purchase of Siskiyou Lumber
The California Redwood Co. completed the acquisition of the assets of Siskiyou Lumber Products, a California-based company specializing in remanufacturing and wholesale lumber distribution.
Siskiyou's Woodland, Calif., operations and its Ukiah, Calif., fence plant will now operate as part of The California Redwood Co., distributing redwood lumber products, Douglas fir lumber and treated lumber.