SAN DIEGO COUNTY - News from Dec. 16, 1988
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* WD-40 Co. reported that net income remained stable at $3.6 million for the first quarter ended Nov. 30. Last year’s first-quarter net income included $224,000 generated by a legal settlement.
Revenue for the first quarter rose 9% to $19.7 million, up from $18 million during the like quarter a year ago. WD-40’s board of directors declared a $.40-a-share dividend, payable Jan. 30 to shareholders of record on Jan. 10.
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