Wd 40 Co Stock Price, News & Analysis

WD-40 Company (NASDAQ:WDFC) reported a 7% decline in net sales for Q1, totaling $124.9 million. Net income fell 25% to $14 million, with diluted EPS at $1.02, down from $1.34. Despite market challenges, gross margin improved by 400 basis points to 51.4%. The company reiterated its fiscal year 2023 guidance, forecasting net sales growth of 5-10% and net income between $69-71 million. Sales were impacted by foreign currency fluctuations and a suspension of sales in Russia.

WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend of $0.83 per share on December 13, 2022, marking a 6% increase from the previous quarter. This dividend is payable on January 31, 2023, to stockholders of record by January 13, 2023. Additionally, the company will hold its first quarter 2023 earnings conference call on January 9, 2023, at 2:00 p.m. PST, where financial results and business developments will be discussed, with the earnings press release published after market close on the same day.

WD-40 Company (NASDAQ:WDFC) announced the appointment of Gregory A. Sandfort as non-executive chairman of the board, replacing Garry O. Ridge after his retirement. Sandfort has been on the board since 2011 and served as lead independent director since 2020. Additionally, Cynthia B. Burks has joined the board, contributing her expertise in human capital strategy and organizational design. The board now consists of 12 directors and aims to enhance governance with these strategic changes.

WD-40 Company (NASDAQ:WDFC) announced its virtual annual meeting of stockholders on December 13, 2022, at 10:00 a.m. PST. The meeting aims to increase accessibility, allowing stockholders to participate remotely without a physical venue. Eligible stockholders as of October 17, 2022 can vote and ask questions during the event. A webcast of the meeting will be archived for a year. In fiscal year 2022, WD-40 Company reported $518.8 million in net sales, with products available in over 176 countries.

WD-40 Company (NASDAQ:WDFC) released its 2022 Environmental, Social and Governance (ESG) Report titled Building a Business for the Future. The report highlights the company’s commitment to addressing material issues identified through its ESG assessment, focusing on reducing environmental impact. CEO Steve Brass emphasized the company's dedication to finding solutions for global challenges. The report is available for download on the company’s website. In fiscal year 2022, WD-40 Company reported net sales of $518.8 million and operates in over 176 countries.

WD-40 Company (NASDAQ:WDFC) reported a 13% increase in fourth-quarter net sales, totaling $130.4 million, and a 6% increase in total annual sales of $518.8 million. Despite a 4% decrease in net income for the fiscal year, the company achieved a 77% increase in fourth-quarter net income at $14.8 million. Management forecasts net sales growth of 5-10% for fiscal year 2023, expecting total sales between $545 million and $570 million. However, gross margins fell to 49.1% for the year, impacted by inflation and currency challenges.

WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend of $0.78 per share on October 11, 2022, payable on October 31, 2022, to shareholders of record by October 21, 2022.

In fiscal year 2021, the company reported net sales of $488.1 million and operates in over 176 countries.

WD-40 Company (NASDAQ:WDFC) has announced its fourth quarter and full fiscal year 2022 earnings conference call scheduled for October 19, 2022, at 2:00 p.m. PDT. Management will discuss financial results and business developments. The quarterly earnings press release will be available after market close on the same day. In fiscal year 2021, WD-40 reported net sales of $488.1 million. A live webcast of the event will be accessible through the Company's investor relations website, with an archive available for one year.

WD-40 Company (NASDAQ:WDFC) reported Q3 fiscal results, with total net sales of $123.7 million, a 9% decline year-over-year. Year-to-date sales rose 4% to $388.4 million. Net income fell 31% to $14.5 million, and diluted EPS dropped to $1.07 from $1.52. Gross margin decreased to 47.7% from 53.1%. Sales in EMEA and Asia-Pacific segments suffered due to currency impacts and COVID-19 lockdowns. The company projected FY 2022 sales growth of 6-9% and revised guidance for diluted EPS to $5.02-$5.10. A quarterly dividend of $0.78 will be paid on July 29.