WD-40 Co

WDFC

Equity

ISIN US9292361071 / Valor 984722

NASDAQ (2024-12-24)

USD 247.82+1.18%

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

Net Sales Growth

WD-40 Co reported a 9 percent increase in total net sales for the third quarter of 2024, reaching $155.0 million compared to the prior year fiscal quarter. Excluding the favorable impact of foreign currency exchange rates, net sales would have increased 8 percent to $153.5 million.

Maintenance Product Sales

Sales of WD-40 Co's maintenance products, which are the company's primary strategic focus, increased by 10 percent in the third quarter of 2024, totaling $147.2 million. This growth was driven by higher sales of WD-40® Multi-Use Product in regions such as EIMEA, Latin America, and China.

Net Income and Earnings Per Share

WD-40 Co's net income for the third quarter of 2024 was $19.8 million, marking a 5 percent increase from the prior year fiscal quarter. Diluted earnings per share also saw an increase, reaching $1.46 compared to $1.38 in the previous year.

Dividend Declaration

On June 18, 2024, WD-40 Co's board of directors declared a regular quarterly dividend of $0.88 per share, payable on July 31, 2024, to stockholders of record at the close of business on July 19, 2024.

Fiscal Year 2024 Guidance

WD-40 Co reiterated its guidance for fiscal year 2024, projecting net sales growth between 6 and 12 percent, with net sales expected to be between $570 million and $600 million on a non-GAAP constant currency basis. The company also expects a gross margin between 51.5 and 53 percent for the full year.

Summarized from source with an LLMView Source

Key figures

3.29%1Y

1.13%3Y

25.8%5Y

Performance

28.7%1Y

33.2%3Y

34.8%5Y

Volatility