WD-40 Company reported a 5% increase in net sales for Q4 2020 compared to the prior year fiscal quarter, reaching $111.6 million. Net income increased by 129% to $19.7 million, and diluted earnings per share were $1.42, compared to $0.63 per share for the prior year fiscal quarter.
Total net sales for the fourth quarter were $111.6 million, a 5% increase year-over-year.
Net income for the fourth quarter was $19.7 million, a 129% increase year-over-year.
Diluted earnings per share were $1.42 in the fourth quarter, compared to $0.63 per share for the prior year fiscal quarter.
Gross margin was 56.3 percent in the fourth quarter compared to 54.6 percent in the prior year fiscal quarter.
Visualization of income flow from segment revenue to net income