STOCK TITAN

WD-40 Company - WDFC STOCK NEWS

Welcome to our dedicated page for WD-40 Company news (Ticker: WDFC), a resource for investors and traders seeking the latest updates and insights on WD-40 Company stock.

WD-40 Company (NASDAQ: WDFC) is a globally recognized manufacturer known for its extensive range of maintenance and cleaning products. The firm is renowned for its flagship product, WD-40, a multi-purpose lubricant that serves as a rust preventative, penetrant, cleaner, and moisture displacer. Established as a staple in both households and industries, WD-40 has become synonymous with reliability and versatility.

Beyond its signature product, the company offers the WD-40 Specialist line, which includes high-performance specialty maintenance products tailored for professionals. Another notable product is 3-IN-ONE Oil, a drip oil with diverse applications, ranging from locksmithing to jewelry manufacturing.

WD-40 Company's product portfolio extends to household cleaning solutions. Their offerings include heavy-duty hand cleaners under the Lava and Solvol brands, as well as the X-14 line of mildew stain removers and bathroom cleaners. Additionally, the company produces toilet bowl cleaners under the 2000 Flushes brand and carpet care products under the Spot Shot and Carpet Fresh brands.

Financially, WD-40 Company organizes its operations into three geographical segments: Americas (comprising the U.S., Canada, and Latin America), Europe/Middle East/Africa, and Asia-Pacific. The Americas segment generates nearly half of the company's revenue, underscoring its significant market presence in this region.

Recent achievements for WD-40 include continued innovation within their product lines and strategic partnerships aimed at expanding their global footprint. The company remains committed to sustainable practices, ensuring their products meet regulatory standards while delivering high performance.

For investors and stakeholders, WD-40 Company represents a stable and diversified entity with a strong market presence across multiple continents. Their focus on quality and innovation continues to drive growth and maintain consumer trust worldwide.

Rhea-AI Summary

WD-40 Company (NASDAQ:WDFC) reported a 9% increase in global net sales for Q3 2024, totaling $155 million. Maintenance product sales rose by 10% to $147.2 million, significantly contributing to total sales. Gross margin improved to 53.1% from 50.6% in the previous year. However, operating expenses, including selling, general, and administrative, climbed by 19%, while advertising expenses surged by 22%. Net income increased by 5% to $19.8 million, resulting in diluted earnings per share of $1.46, up from $1.38. The company reaffirmed its FY 2024 guidance, projecting net sales between $570 million and $600 million, and EPS between $5.00 and $5.30. A quarterly dividend of $0.88 per share was declared, payable on July 31, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
Tags
-
Rhea-AI Summary

WD-40 Company (NASDAQ:WDFC) announced the upcoming retirement of Gregory A. Sandfort from his roles as director and non-executive chair of the board on December 12, 2024. Sandfort has been with the board since 2011 and chair since 2022. He will be succeeded by Eric P. Etchart, an independent director since 2016 who currently chairs the corporate governance committee and is a member of the finance committee. Etchart brings extensive international business experience and has held senior positions in multiple countries. The board will reduce its size to 10 directors following Sandfort's departure.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
none
-
Rhea-AI Summary

WD-40 Company (NASDAQ: WDFC) announced its board of directors declared a quarterly dividend of $0.88 per share on June 18, 2024. The dividend is payable on July 31, 2024, to shareholders of record as of July 19, 2024.

The company also scheduled its third quarter 2024 earnings conference call for July 10, 2024, at 2:00 p.m. PDT, during which management will discuss financial results, business developments, and other related matters.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
dividends earnings
Rhea-AI Summary
WD-40 Company (WDFC) reports a 7% growth in global net sales in the second quarter, with an increase in total net sales to $139.1 million. Management raises fiscal year 2024 net income and diluted earnings per share guidance. The company aims to focus on core maintenance products and pursue the sale of its U.S. and U.K. Homecare and Cleaning Products portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.6%
Tags
-
Rhea-AI Summary
WD-40 Company (WDFC) declares a quarterly dividend of $0.88 per share and schedules its second quarter 2024 earnings conference call. The company will discuss financial results, business developments, and forward-looking information on April 9, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
dividends earnings
-
Rhea-AI Summary
WD-40 Company (WDFC) acquires Theron Marketing Ltda. in Brazil to establish direct distribution market, enhancing brand presence and market reach. The transaction aims to drive faster topline growth and a smoother market transition, aligning with the company's strategic expansion plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
Rhea-AI Summary
WD-40 Company (WDFC) reports a 12% increase in global net sales in the first fiscal quarter compared to the prior year. Management reiterates fiscal year 2024 guidance. Net sales grew across all three trade blocs, with significant increases in the Americas, EIMEA, and Asia-Pacific segments. Gross margin improved by 240 basis points. Diluted earnings per share increased by 25% to $1.28. The company declared a 6% increase in quarterly dividend and has a share repurchase plan in place.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.21%
Tags
-
Rhea-AI Summary
WD-40 Company (WDFC) announced a 6% increase in quarterly dividend to $0.88 per share, payable on January 31, 2024. The first quarter 2024 earnings conference call is scheduled for January 9, 2024 at 2:00 p.m. PST.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
dividends earnings
-
Rhea-AI Summary
WD-40 Company (WDFC) will hold its annual meeting of stockholders virtually on December 12, 2023, at 10:00 a.m. PST. Only stockholders as of October 16, 2023, are entitled to vote or ask questions. Management will provide a strategic overview for investors, and forward-looking information may be discussed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
none
Rhea-AI Summary
WD-40 Company reports financial results for Q4 and FY2023, with net sales growing 4% compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags

FAQ

What does WD-40 Company specialize in?

WD-40 Company specializes in producing lubricants, rust preventatives, penetrants, cleaners, and moisture displacers. Their flagship product is the WD-40 multi-purpose lubricant.

What is the WD-40 Specialist line?

The WD-40 Specialist line includes high-performance specialty maintenance products designed for professionals in various industries.

What are some of the household cleaning products offered by WD-40 Company?

WD-40 Company offers heavy-duty hand cleaners under the Lava and Solvol brands, X-14 mildew stain removers, 2000 Flushes toilet bowl cleaners, and carpet care products under the Spot Shot and Carpet Fresh brands.

How is WD-40 Company's revenue segmented geographically?

WD-40 Company's revenue is segmented into three geographical regions: the Americas, Europe/Middle East/Africa, and Asia-Pacific.

Which geographical segment generates the most revenue for WD-40 Company?

The Americas segment generates the most revenue for WD-40 Company, accounting for approximately half of the company's total revenue.

What are some recent achievements of WD-40 Company?

Recent achievements for WD-40 Company include ongoing product innovation and strategic partnerships that aim to expand their global market footprint.

What sustainability practices does WD-40 Company follow?

WD-40 Company is committed to sustainable practices, ensuring their products meet regulatory standards while delivering high performance.

What markets does the 3-IN-ONE Oil product target?

3-IN-ONE Oil targets markets that include household consumers, locksmithing, HVAC, marine, farming, construction, and jewelry manufacturing.

Is WD-40 Company involved in any partnerships?

Yes, WD-40 Company engages in strategic partnerships to expand their global presence and enhance their product offerings.

What is the significance of the WD-40 brand in the market?

WD-40 has become a staple product known for its reliability and versatility, making it a trusted name in both household and industrial maintenance.

WD-40 Company

Nasdaq:WDFC

WDFC Rankings

WDFC Stock Data

3.32B
13.55M
1.56%
94.29%
10.46%
Polish and Other Sanitation Good Manufacturing
Manufacturing
Link
United States of America
SAN DIEGO