| Business Summary | | WD-40
Company
manufactures
and
markets
two
multi-purpose
lubricant
products
known
as
WD-40
and
3-In-One
Oil,
and
the
Lava
brand
of
heavy-duty
hand
cleaners.
WD-40
is
sold
primarily
in
aerosol
cans
through
retail
chain
stores,
hardware
and
sporting
goods
stores,
automotive
parts
outlets
and
industrial
distributors
and
suppliers.
It
has
a
wide
variety
of
consumer
uses
in,
for
example,
household,
marine,
automotive,
sporting
goods,
and
gardening
applications.
The
product
also
has
numerous
industrial
applications.
3-In-One
Oil
is
a
drip
oil
lubricant,
sold
primarily
through
the
same
distribution
channels
as
the
WD-40
brand.
The
Company
purchased
the
Lava
brand
of
heavy-duty
hand
cleaners
from
Block
Drug
Company
in
April
1999.
The
Lava
brand
is
more
than
100
years
old. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WD-40
Company
manufactures
a
line
of
both
lubricant
and
heavy-duty
hand
cleaning
products
aimed
at
the
hardware,
Do-It-yourself,
automotive
and
other
retail
and
industrial
markets.
Products
include
WD-40,
3-IN-ONE
and
Lava.
For
the
nine
months
ended
5/31/01,
sales
rose
less
than
1%
to
$113.1
million.
Earnings
fell
21%
to
$11.5
million.
Results
reflect
an
increase
in
new
brand
sales,
offset
by
higher
interest
expense
from
the
funds
borrowed
for
an
acquisition. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Daniel Derbes, 70 Chairman | -- | Garry Ridge, 44 Pres,
CEO, | $471K | Michael Irwin, 37 CFO | -- | Geoffrey Holdsworth, 38 Managing
Director of Asia Pacific, WD-40 Company (Australia) Pty. Limited. | -- | William Noble, 42 Managing
Director of Europe, WD-40 Company Pty. Limited. (U.K.) | 224K | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|