Though sales were up 3% and income increased 1% for WD-40 Company in the third quarter, shares for the lubricants and cleaner supplier were down more than 6% Thursday morning after management narrowed the full-year guidance.
Net sales for the quarter came in at $95.7 million, up from $93.1 million in the same quarter last year. This was largely carried by sales of multi-purpose maintenance products; sales of homecare and cleaning products decreased 1%.
The most recent "Highest in Customer Satisfaction with Kitchen Cabinets" survey by J.D. Power found IKEA to be a clear winner among customers.
According to the survey, IKEA ranked highest overall, scoring 789 on a 1,000-point scale.
The study measures satisfaction according to design, ordering and delivery, price, operational performance and warranty. IKEA did best in the pricing and warranty categories.
The National Retail Federation performed an internal shuffle, first by hiring Paul Martino as VP and senior policy counsel and second by promoting Beth Provenzano to VP for Federal Government Relations.
WOLF has a new collection in its arsenal. Its Poly-Ash Moulding is a new line of exterior trim made with more than 70% recycled material that seeks to correct the limitations of wood and PVC.
The mouldings are made with Boral TruExterior Trim and are manufactured entirely in the U.S. They're also covered by Boral TruExterior Trim's 20-year limited warranty once painted.
Designed with durability in mind, the mouldings offer resistance to rotting, cracking, splitting and termites, and they eliminate the need for end-sealing or special adhesives.
Kamloops, British Columbia-based Thompson River Veneer Products Ltd., a dry veneer supplier and plywood producer, has joined the APA - The Engineered Wood Association.
The APA Board of Trustees approved the Canadian plywood manufacturer for membership, making it the fourth supplier of its kind to join the organization this year.