WD-40 Co

WDFC

Equity

ISIN US9292361071 / Valor 984722

NASDAQ (2025-03-14)

USD 238.58+0.47%

WD-40 Co
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About company

WD-40 Co is a company that produces and sells a multi-purpose lubricant and rust-preventative product.

Summarized from source with an LLMView SourceSector: Industrials

Fourth Quarter Sales Growth

WD-40 Co reported a significant increase in total net sales for the fourth quarter of fiscal year 2024, reaching $156.0 million. This marks an 11 percent growth compared to the same quarter in the previous year. The increase was primarily driven by a 12 percent rise in maintenance product sales, which totaled $147.5 million for the quarter.

Improved Gross Margin

For the fourth quarter of fiscal year 2024, WD-40 Co achieved a gross margin of 54.1 percent, up from 51.4 percent in the prior year fiscal quarter. This improvement reflects the company's successful efforts in enhancing operational efficiencies and managing costs effectively.

Net Income and Earnings Per Share

WD-40 Co's net income for the fourth quarter of fiscal year 2024 was $16.8 million, representing a 1 percent increase compared to the same period last year. The diluted earnings per share also saw a slight rise, reaching $1.23 compared to $1.21 in the prior year fiscal quarter.

Fiscal Year 2024 Performance

For the entire fiscal year 2024, WD-40 Co reported total net sales of $590.6 million, a 10 percent increase from the previous fiscal year. The company's net income for the year was $69.6 million, up 6 percent from the prior year, with diluted earnings per share rising to $5.11 from $4.83.

Dividend Announcement

WD-40 Co's board of directors declared a regular quarterly dividend of $0.88 per share, payable on October 31, 2024, to stockholders of record as of October 18, 2024. This decision underscores the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-5.78%1Y

26.4%3Y

31.3%5Y

Performance

24.9%1Y

32.2%3Y

34.8%5Y

Volatility