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WD - 40 COMPANY FOR IMMEDIATE RELEASE ● Media and Investor Contact : Wendy Kelley investorrelations@wd40.com + 1-619-275-9304 WD - 40 Company Reports Third Quarter 2021 Financial Results Third quarter consolidated net sales grew by 39 percent compared to prior year fiscal quarter Company reports diluted EPS of $ 1.52 for the third quarter ~ SAN DIEGO - July 7 , 2021 WD - 40 Company ( NASDAQ : WDFC ) , a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops , factories and homes around the world , today reported financial results for its third fiscal quarter ended May 31 , 2021 . Third Fiscal Quarter Financial Highlights Total net sales for the third quarter were $ 136.4 million , an increase of 39 percent compared to the prior year fiscal quarter . Year - to - date total net sales were $ 372.9 million , an increase of 26 percent compared to the prior year fiscal period . Translation of the Company's foreign subsidiary results to U.S. dollars had a favorable impact on sales for the current quarter and year - to - date . On a constant currency basis , total net sales would have been $ 128.7 million for the third quarter and $ 359.7 million year - to - date . Net income for the third quarter was $ 21.0 million , an increase of 45 percent compared to the prior year fiscal quarter . Year - to - date net income was $ 61.8 million , an increase of 51 percent from the prior year fiscal period . Diluted earnings per share were $ 1.52 in the third quarter , compared to $ 1.06 per share for the prior year fiscal quarter . Year - to - date diluted earnings per share were $ 4.48 compared to $ 2.98 in the prior year fiscal period . Gross margin was 53.1 percent in the third quarter compared to 54.0 percent in the prior year fiscal quarter . Year - to - date gross margin was 54.9 percent compared to 54.0 percent in the prior year fiscal period . Selling , general and administrative expenses were up 37 percent in the third quarter to $ 38.1 million when compared to the prior year fiscal quarter . Year - to - date selling , general and administrative expenses were up 21 percent to $ 109.6 million compared to the prior year fiscal period . Advertising and sales promotion expenses were up 39 percent in the third quarter to $ 6.6 million when compared to the prior year fiscal quarter . Year - to - date advertising and sales promotion expenses were up 16 percent to $ 17.7 million compared to the prior year fiscal period . " Our tribe continues to work together through the challenges and opportunities associated with the COVID - 19 pandemic , " said Garry Ridge , WD - 40 Company's chairman and chief executive officer . In the third quarter we experienced unprecedented demand for our maintenance products and today we are reporting record net sales of $ 136.4 million , up 39 percent compared to the third quarter of last year . " 1 " The post - pandemic era is coming . We do not expect to see sales growth of this magnitude over the long - term , however , we believe that the new end users who have interacted with our products during the pandemic will become permanent users of our maintenance products . " " To reflect the strong sales results we experienced in the third quarter , we've increased our revenue expectations and believe that net sales are likely to be in a range of between $ 475 million to $ 490 million for the full fiscal year which reflects year - over - year sales growth of between 16 and 20 percent . As things get back to normal post the pandemic , consumer spending patterns will change again , and we expect consolidated net sales to grow in the mid to high single digits , " Ridge concluded .