Wd 40 Co Stock Price, News & Analysis

WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend of $0.72 per share, marking a more than 7% increase from the previous quarter. This dividend is payable on April 30, 2021 to stockholders recorded by April 16, 2021. Additionally, the company will hold its second fiscal quarter 2021 earnings conference call on April 8, 2021, at 2:00 p.m. PDT, where financial results and business developments will be discussed. WD-40 reported $408.5 million in net sales for fiscal year 2020.

WD-40 Company (NASDAQ:WDFC) reported a robust financial performance for Q1 fiscal 2021, achieving total net sales of $124.6 million, a 26% increase year-over-year. Net income surged by 94% to $23.6 million, with diluted EPS rising to $1.72. Gross margin improved to 56.4%. Despite strong demand, particularly in maintenance products attributed to pandemic-related renovation trends, management expressed uncertainty about future sales due to potential economic impacts from COVID-19. Guidance for FY2021 estimates net sales between $435 million and $470 million.

WD-40 Company (NASDAQ: WDFC) announced a quarterly dividend of $0.67 per share, payable on January 29, 2021. Shareholders of record must hold their shares by January 15, 2021. Additionally, the company has scheduled its first quarter 2021 earnings conference call for January 7, 2021, at 2:00 p.m. PST, where financial results and business developments will be discussed. The earnings press release will be available after market close on the same day, and a live webcast will be hosted on the company's investor relations website.

WD-40 Company (NASDAQ: WDFC) announced its 2020 annual meeting of stockholders will be held virtually on December 8, 2020, at 10:00 a.m. PST. This decision prioritizes the health of participants amidst ongoing global challenges. Only stockholders as of October 12, 2020 can vote or ask questions during the meeting. The event will include a business update and may discuss forward-looking information. The meeting can be accessed online, and a webcast will be archived for one year afterward. In fiscal year 2020, the company reported net sales of $408.5 million.

WD-40 Company (NASDAQ: WDFC) reported Q4 and full fiscal year 2020 financial results, highlighting a 5% increase in Q4 net sales to $111.6 million, while full-year sales decreased by 4% to $408.5 million. Q4 net income surged 129% to $19.7 million, yielding an EPS of $1.42, up from $0.63. Full-year net income rose 9% to $60.7 million, with EPS increasing from $4.02 to $4.40. Despite a robust gross margin of 56.3% in Q4, SG&A expenses rose by 10%. The pandemic drove "isolation renovation" trends, boosting demand for maintenance products, particularly in the Americas and EMEA markets.

WD-40 Company (NASDAQ: WDFC) announced the retirement of Neal E. Schmale and Daniel E. Pittard from its board of directors, effective at the upcoming annual meeting on December 8, 2020. Lara L. Lee has been nominated for election to the board. Gregory A. Sandfort will assume the role of lead independent director immediately. Schmale served for 20 years, while Pittard served for 5 years. The board will consist of 10 directors after the meeting, with a gender distribution of six men and four women.

WD-40 Company (NASDAQ: WDFC) declared a quarterly dividend of $0.67 per share on October 5, 2020. This dividend will be payable on October 30, 2020, to stockholders recorded as of October 16, 2020. In fiscal year 2019, the company reported net sales of $423.4 million and operates in over 176 countries. The announcement reflects the company's commitment to returning value to shareholders through consistent dividend payments, contributing positively to investor confidence.

WD-40 Company (NASDAQ: WDFC) will host its fourth quarter and full fiscal year 2020 earnings conference call on October 20, 2020, at 2:00 p.m. PDT. Management will discuss financial results and business developments during the call. A live webcast will be available on the company’s investor relations website, with an archived version available for one year. The quarterly earnings press release will be issued after market close on the same date. WD-40 Company reported net sales of $423.4 million in fiscal year 2019.

WD-40 Company (NASDAQ: WDFC) reported third-quarter financial results for the period ending May 31, 2020. Total net sales dropped 14% year-over-year to $98.2 million, primarily due to disruptions from COVID-19. Year-to-date sales also fell 6% to $296.9 million. Net income declined 20% to $14.5 million, with diluted earnings per share at $1.06, down from $1.30. The gross margin stood at 54.0%, slightly lower than the previous year. While sales in homecare and cleaning products increased by 10%, maintenance products saw a 16% decline.