Welcome to our dedicated page for Wd 40 Co news (Ticker: WDFC), a resource for investors and traders seeking the latest updates and insights on Wd 40 Co stock.
WD-40 Company (NASDAQ: WDFC) generates a steady flow of news as a global marketing organization focused on maintenance and homecare and cleaning products. Company announcements regularly highlight performance of its flagship WD-40 ae Multi-Use Product and the WD-40 Specialist ae line, along with other brands such as 3-IN-ONE ae, GT85 ae, X-14 ae, 2000 Flushes ae, Carpet Fresh ae, no vac ae, Spot Shot ae, Lava ae, and Solvol ae.
On this page, readers can follow earnings releases that detail quarterly and annual financial results, including net sales by segment and product group across the Americas, EIMEA, and Asia-Pacific. These updates often discuss trends in maintenance product sales, changes in homecare and cleaning product performance, and the impact of currency translation on reported results.
WD-40 Company also issues strategic and portfolio news, such as the announced divestiture of its U.K. homecare and cleaning businesses, including the 1001 and 1001 Carpet Fresh brands, to Supreme Imports Ltd. Such announcements provide context on the companys focus on higher growth, higher gross margin maintenance products and its efforts to optimize its brand portfolio.
Investors will find capital allocation updates here as well, including declarations of regular quarterly dividends, dividend increases, and information on the companys share repurchase authorization. Additional items include scheduling notices for earnings conference calls, participation in investor conferences, and details about the annual meeting of stockholders, which WD-40 Company has conducted in a virtual format.
For anyone tracking WDFC, this news feed offers a centralized view of the companys financial performance, portfolio actions, governance events, and investor communications over time.
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WD-40 Company has introduced its latest product, the WD-40 Specialist® Degreaser and Cleaner EZ-Pods. This new offering features a concentrated, industrial-strength formula designed for customizable degreasing in various professional settings including factories and auto shops. Users can simply dissolve the pod in water for ready-to-use cleaning power. The EZ-Pods are non-toxic, VOC compliant, and suitable for sensitive surfaces. Available now on Amazon and additional retailers soon, these pods aim to streamline degreasing tasks and save users time and money.
WD-40 Company (NASDAQ: WDFC) announced a quarterly dividend of $0.83 per share, payable on April 28, 2023 to stockholders of record by April 14, 2023. This decision highlights the company's commitment to returning value to its shareholders. Additionally, the company will hold its second quarter 2023 earnings conference call on April 6, 2023, at 2:00 p.m. PDT, to discuss financial results and business updates, with a press release to follow after market close on the same day. The company's net sales were reported at $518.8 million for fiscal year 2022.
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.