Wd 40 Co Stock Price, News & Analysis

WD-40 Company (NASDAQ: WDFC) announced board changes, effective June 20, 2022, with Edward O. Magee, Jr. appointed as a director and member of the Audit and Finance Committees. Additionally, Cynthia B. Burks has been nominated for election at the 2022 annual meeting, filling a spot due to Garry Ridge's upcoming retirement in December 2022. Magee brings extensive experience in manufacturing and logistics, while Burks has a strong background in human resources and culture strategy.

WD-40 Company (NASDAQ: WDFC) declared a quarterly dividend of $0.78 per share, payable on July 29, 2022, to stockholders of record by July 15, 2022. The earnings conference call is scheduled for July 7, 2022, at 2:00 p.m. PDT, where management will discuss financial results and business developments. In fiscal year 2021, WD-40 reported net sales of $488.1 million. The company offers a range of brands, including WD-40 Multi-Use Product and 3-IN-ONE, operating in over 176 countries.

WD-40 Company (NASDAQ: WDFC) reported a 16% increase in net sales for Q2 2022, totaling $130.0 million. The diluted EPS reached $1.41, compared to $1.24 in the prior year. However, net income decreased by 7% year-to-date, amounting to $38.1 million. The gross margin fell to 50.4% from 55.4% due to inflationary pressures. The company revised its net income guidance down by 2% but maintained revenue growth expectations of 7-12% for the fiscal year.

WD-40 Company (NASDAQ: WDFC) has announced the retirement of CEO Garry Ridge, effective August 31, 2022, marking a significant leadership transition. Steve Brass, currently President and COO, will succeed him starting September 1, 2022. Brass, who has over 30 years with the company, brings extensive operational and global experience. Ridge stated this transition is timely for the company's continued growth. Additionally, Ridge will continue as chairman until December 13, 2022, after which he will hold the honorary title of Chairman Emeritus and serve as a strategic advisor until June 30, 2023.

WD-40 Company (NASDAQ: WDFC) declared a quarterly dividend of $0.78 per share, payable on April 29, 2022, to shareholders recorded by April 15, 2022. The company will host its second fiscal quarter 2022 earnings call on April 7, 2022, at 2:00 p.m. PDT, discussing financial results and business updates. For fiscal year 2021, WD-40 reported net sales of $488.1 million and operates globally, selling products in over 176 countries.

WD-40 Company (NASDAQ:WDFC) reported Q1 financial results with total net sales of $134.7 million, marking an 8% increase year-over-year. However, net income fell 21% to $18.6 million, leading to diluted EPS of $1.34, down from $1.72. Gross margin decreased to 50.8% from 56.4%, reflecting supply chain challenges. Regional sales varied, with the Asia-Pacific segment growing 34%. The company anticipates net sales growth of 7-12% for FY 2022, expecting $522-$547 million in sales and EPS between $5.24 and $5.38.

WD-40 Company (NASDAQ: WDFC) will hold its first quarter 2022 earnings conference call on January 6, 2022, at 2:00 p.m. PST. This call will cover financial results, business developments, and other significant matters affecting the company. The quarterly earnings press release will be available post-market close on the same day. WD-40 Company reported net sales of $488.1 million in fiscal year 2021 and markets its products in over 176 countries. A live webcast of the conference will be accessible on the company’s investor relations website.

WD-40 Company (NASDAQ: WDFC) has declared a quarterly dividend of $0.78 per share, marking an increase of over 8% from the previous quarter. This dividend is payable on January 31, 2022, to stockholders of record by the close of business on January 14, 2022. The company reported $488.1 million in net sales for fiscal year 2021 and operates in more than 176 countries globally.

WD-40 Company (NASDAQ:WDFC) announced its annual stockholders' meeting will be held virtually on December 14, 2021, at 10:00 a.m. PST, prioritizing health and safety. Only stockholders as of October 18, 2021 can vote or ask questions during the meeting. A general business update will be provided, with forward-looking information discussed. The meeting can be accessed here. An archived webcast will be available on the company’s website for one year after the event.