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As a result, the Company has built a family of brands and product lines that deliver high quality performance at a good value to its end users.
−Removed: The Company currently markets and sells its products in more than 176 countries and territories worldwide primarily through warehouse club stores, automotive parts outlets, hardware stores, industrial distributors and suppliers, mass retail and home center stores, grocery stores, value retailers, farm supply, sport retailers, independent bike dealers and online retailers.
+Added: The Company currently markets and sells its products in more than 176 countries and territories worldwide primarily through warehouse club stores, hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, value retailers, grocery stores, online retailers, farm supply, sport retailers, and independent bike dealers.
The Company’s sales come from its two product groups – maintenance products and homecare and cleaning products.
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The Company’s homecare and cleaning products, particularly those in the U.S., are considered harvest brands which continue to provide positive returns to the Company but are becoming a smaller part of the business as sales of the maintenance products grow with the execution of the Company’s strategic initiatives.
−Removed: Although the Company has evaluated strategic alternatives for certain of its homecare and cleaning products, particularly those in the U.S., it has continued to sell products of these brands but with a reduced level of marketing investment.
+Added: Although the Company has evaluated strategic alternatives for certain of its homecare and cleaning products, particularly those in the U.S., it has continued to sell products within these brands but with a reduced level of marketing investment.
Maintenance Products
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The WD-40 Multi-Use Product has a wide variety of consumer uses in, for example, household, marine, automotive, construction, repair, sporting goods and gardening applications, in addition to numerous industrial applications.
−Removed: WD-40 Specialist product line – WD-40 Specialist consists of a line of professional-grade specialty maintenance products that include penetrants, degreasers, corrosion inhibitors, greases, lubricants and rust removers that are aimed at professionals as well as end users that currently use the WD-40 Multi-Use Product.
+Added: WD-40 Specialist product line – WD-40 Specialist consists of a line of professional-grade specialty maintenance products that include penetrants, degreasers, corrosion inhibitors, greases, lubricants and rust removers that are aimed at professionals and consumer enthusiasts.
The WD-40 Specialist product line is sold primarily in the U.S.
and many countries in Europe, as well as parts of Canada, Latin America, Australia and Asia.
−Removed: Within the WD-40 Specialist product line, the Company also sells WD-40 Specialist Motorbike in Europe, WD-40 Specialist Lawn and Garden in Australia, and WD-40 Specialist Automotive in Asia.
−Removed: WD-40 Bike product line - The WD-40 Bike product line consists of a comprehensive line of bicycle maintenance products that include wet and dry chain drip lubricants, chain cleaners and degreasers, and foaming wash that are designed for avid and recreational cyclists, bike enthusiasts and mechanics.
−Removed: The Company launched this product line in the U.S.
−Removed: in fiscal year 2013, in Australia and Europe in fiscal year 2014, and in Latin America and select countries in Asia in early fiscal year 2016.
−Removed: Although the initial focus for such sales was on smaller independent bike dealers, distribution of WD-40 Bike products has been expanded to include select distributors and retailers in countries where the Company sells this product .
+Added: Within the WD-40 Specialist product line, the Company also sells bike-specific products across all of its segments, motorbike-specific products in Europe, lawn and garden specific products in Australia, and automotive specific products in Asia.
The Company also has the following additional brands which are included within its maintenance products group:
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It also has wide industrial applications in such areas as locksmithing, HVAC, marine, farming and construction.
−Removed: In addition to the drip oil line of products, the 3-IN-ONE brand also includes a professional line of products known as 3-IN-ONE Professional, which is a line of professional-grade maintenance products, as well as 3-IN-ONE RVcare products and 3-IN-ONE Garage Door Lubricant.
−Removed: The high quality of the 3-IN-ONE brand and its established distribution network have enabled these products to gain international acceptance.
+Added: In addition to the drip oil line of products, the 3-IN-ONE brand also includes professional-grade aerosol maintenance products, such as 3-IN-ONE RVcare products, 3-IN-ONE Garage Door Lubricant and 3-IN-ONE Lock Dry Lube.
+Added: The long legacy, brand awareness and high quality of the 3-IN-ONE brand and its established distribution network have enabled these products to gain international acceptance.
3-IN-ONE products are sold primarily in the U.S., Europe, Canada, Latin America, Australia and Asia.
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and Canada through grocery and mass retail channels as well as through online retailers.
−Removed: Spot Shot - The Spot Shot brand is sold as an aerosol carpet stain remover and a liquid trigger carpet stain and odor eliminator.
−Removed: The brand also includes environmentally friendly products such as Spot Shot Instant Carpet Stain & Odor Eliminator™ and Spot Shot Pet Clean, which are non-toxic and biodegradable.
+Added: Spot Shot ® - The Spot Shot brand is sold as an aerosol and a liquid trigger carpet stain and odor eliminator.
+Added: The brand also includes environmentally friendly products such as Spot Shot Instant Carpet Stain & Odor Eliminator and Spot Shot Pet Instant Carpet Stain & Odor Eliminator, which are non-toxic and biodegradable.
Spot Shot products are sold primarily through grocery and mass retail channels, online retailers, warehouse club stores and hardware and home center stores in the U.S., Canada and the United Kingdom.
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under the 1001 ® brand name.
−Removed: Carpet Fresh - The Carpet Fresh brand is a line of room and rug deodorizers sold as powder, aerosol quick-dry foam and trigger spray products.
−Removed: Carpet Fresh is sold primarily through grocery, mass, and value retail channels as well as through online retailers in the U.S., the U.K.
+Added: Carpet Fresh ® - The Carpet Fresh brand is a line of room and rug deodorizers sold as powder and aerosol quick-dry foam products.
+Added: These products are sold primarily through grocery, mass, and value retail channels as well as through online retailers in the U.K.
and Australia.
+Added: Although Carpet Fresh brand products are also sold in the U.S., they are sold by a third-party under a licensing agreement with the Company.
In the U.K., these products are sold under the 1001 brand name.
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1001 ® - The 1001 brand includes carpet and household cleaners and rug and room deodorizers which are sold primarily through mass retail, grocery and home center stores in the U.K.
−Removed: The brand was acquired in order to introduce the Company’s other homecare and cleaning product formulations under the 1001 brand and to expand the Company’s homecare and cleaning products business into the U.K.
Lava®/Solvol ® - The Lava and Solvol brands consist of heavy-duty hand cleaner products which are sold in bar soap and liquid form through hardware, grocery, industrial, automotive and mass retail channels as well as through online retailers.
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15 by the Canada subsidiary;
−Removed: 7 by the Malaysia subsidiary;
−Removed: and 2 by WD-40 Manufacturing Company, the Company’s manufacturing subsidiary.
+Added: and 7 by the Malaysia subsidiary.
Financial Information about Foreign and Domestic Operations
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The Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, are available through the Investors section of the Company’s website at www.wd40company.com.
−Removed: These reports can be accessed free of charge from the Company’s website as soon as reasonably practicable after the Company electronically files such materials with, or furnishes them to, the Securities and Exchange Commission (“SEC”).
+Added: These reports can be accessed free of charge from the Company’s website as soon as reasonably practicable after the Company electronically files
+Added: such materials with, or furnishes them to, the Securities and Exchange Commission (“SEC”).
Information contained on the Company’s website is not included as a part of, or incorporated by reference into, this report.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.