ALISO VIEJO — Armor All Products Corp. said Tuesday that profit for its latest fiscal quarter rose 63%.
The company, a leading maker of automotive appearance products, reported net income of $4.4 million, or 21 cents a share, for its first fiscal quarter ended June 30. That compared to a profit of $2.7 million, or 13 cents a share, for the same period a year earlier. Revenue totaled $42.3 million, up 21% from $34.8 million a year earlier.
Kenneth Evans, president and chief executive officer, attributed the improved financial results--Armor All's fifth consecutive quarter of increasing net earnings--to a new advertising and promotions campaign and to strong sales of the company's principal product, Armor All Protectant, which accounts for 75% of revenue.
In addition, Evans said, new products represented 7% of sales in the latest quarter.
Those products included Armor All Tire Foam, a spray-on tire cleaner introduced last year to compete with Irvine-based No Touch Corp.'s spray tire cleaner and polish.