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Revenue, Net Income Both Rise at WD-40

For the second quarter ended Feb. 28, San Diego-based WD-40 Co. announced net sales of $79.3 million, up 11 percent from $71.5 million a year ago.

Second-quarter net income was $8.9 million, or 52 cents per diluted share, up 24 percent from $7.2 million, or 43 cents per diluted share, from the like period of 2006.

Sales of WD-40 products rose in the Americas by 8 percent, Europe by 19 percent and the Asia-Pacific region by 9 percent, resulting in a total sales increase of 11 percent.

Lubricant, household products and hand cleaner manufacturer WD-40 Co. is traded on the Nasdaq as WDFC and was up $5.35 — 17 percent — to $37.24 in midday trading April 9.

— Andy Killion

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  9/24/2007 - 09/30/2007
SDBJ News
Public Housing Develops Program to Stabilize Budget
The head of the San Diego Housing Commission, which helps provide affordable housing to 80,000 residents, announced her retirement earlier this month.
Design of UCSD’s Cardio Center Includes Full-Scale Models to Save Time, Money
Plans for the Sulpizio Family Cardiovascular Center at UC San Diego call for a 128,000-square-foot, $171 million “complement” to the existing Thornton Hospital.
Wachovia Expands Aggressively By Luring Talent From Competitors
Wachovia Bank, the Charlotte, N.C.-based money center institution that acquired Oakland’s Golden West Financial Corp. last year, is rolling out an aggressive expansion for California, and picking off experienced banking talent from its competitors in the process.
Donovan’s Pairs With Trophy’s to Cook Up New Steakhouse Site
While the Gaslamp Quarter is unarguably the most highly trafficked attraction in the county, it has proven to be less than fertile territory for more than a few nightclubs and restaurants, most recently Trophy’s and LG’s Prime Steakhouse, two chains that closed locations there this summer.
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