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 has collaborated with Trad Ronfeldt to rebuild a classic 1951 Chevrolet 3100, which will be auctioned to benefit SEMA Cares charities. Debuting at the 2021 SEMA Show, the vehicle features a V-8 383 Stoker engine producing over 500 horsepower, a custom dually rear, and a restored interior. This initiative continues WD-40's legacy of supporting charitable causes, having previously raised over $1 million through similar auctions. The truck showcases WD-40 products used during its build, blending classic aesthetics with modern performance.
WD-40 Company (NASDAQ: WDFC) reported a 3% increase in Q4 net sales to $115.2 million, and a 19% increase for the fiscal year to $488.1 million.
However, net income dropped 57% in Q4 to $8.4 million, though it rose 16% to $70.2 million for the year. Diluted EPS fell to $0.61 in Q4 from $1.42. Gross margin also decreased to 51.2% in Q4 compared to 56.3% YoY. The company anticipates 7-11% sales growth for FY 2022, with net income projected between $71.7 million and $73.6 million.
WD-40 Company (NASDAQ: WDFC) announced a new share repurchase plan authorized by its board, effective November 1, 2021. The plan allows for the acquisition of up to $75 million of outstanding shares through August 31, 2023. This decision comes after a suspension of stock repurchases during the pandemic, emphasizing the company's confidence in its long-term growth and commitment to returning capital to shareholders. In fiscal year 2020, WD-40 reported $408.5 million in net sales, with products sold in over 176 countries.
WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend of $0.72 per share, payable on October 29, 2021, to shareholders of record by October 15, 2021.
The company has also scheduled its fourth quarter and full fiscal year 2021 earnings conference call for October 19, 2021, at 2:00 p.m. PDT, for discussing financial results and business developments.
In fiscal year 2020, WD-40 Company reported net sales of $408.5 million and offers a variety of products worldwide.
WD-40 Brand is launching an official merchandise line for the first time, offering items such as T-shirts, hats, and drinkware at wd40.customink.shop. To celebrate, the company has initiated the Summer of Swag Sweepstakes, allowing fans to win $100 toward merchandise weekly until Labor Day. This initiative aims to cater to fan demands for branded gear. Additionally, WD-40 continues to provide over 20 innovative products, including the renowned WD-40 Multi-Use Product, aimed at solving various maintenance challenges.
WD-40 Company (NASDAQ:WDFC) reported a strong financial performance for the third fiscal quarter ending May 31, 2021. Total net sales surged by 39% to $136.4 million, while year-to-date sales reached $372.9 million, a 26% increase year-over-year. The net income for the quarter grew by 45% to $21.0 million, with diluted EPS rising to $1.52. Despite increased selling, general, and administrative expenses, the company anticipates full-year sales between $475 million and $490 million, reflecting a potential growth of 16% to 20%.
WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend of $0.72 per share, payable on July 30, 2021, to stockholders of record as of July 16, 2021. The company also announced its third fiscal quarter 2021 earnings conference call on July 7, 2021, at 2:00 p.m. PDT, where management will discuss financial results and developments. WD-40 Company reported net sales of $408.5 million in fiscal year 2020 and offers a variety of maintenance and cleaning products available in over 176 countries.
WD-40 Company (NASDAQ: WDFC) reported a strong financial performance for Q2 fiscal 2021, with total net sales of $111.9 million, a 12% increase from the prior year. Year-to-date sales rose 19% to $236.5 million. Net income surged 20% to $17.2 million, and year-to-date income increased 54% to $40.8 million. Diluted EPS improved to $1.24, up from $1.04. Gross margin enhanced to 55.4%. Despite supply chain disruptions in the Americas, strong demand persists for maintenance products. The company anticipates full-year net sales between $445-$475 million, bolstered by favorable currency exchange dynamics.
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.
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