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.
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.
WD-40 Company (NASDAQ: WDFC) announced the appointment of Sara Hyzer as vice president, finance, treasurer, and chief financial officer, effective November 1, 2022. Hyzer, previously vice president of global finance strategy, will succeed Jay Rembolt, who is retiring after a 14-year tenure. The transition includes close collaboration between Hyzer and Rembolt until his advisory role ends on January 6, 2023. Hyzer brings over 20 years of experience, primarily from PricewaterhouseCoopers, to oversee WD-40's financial operations, enhancing leadership during the company’s growth phase.
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.