Welcome to our dedicated page for Wd 40 news (Ticker: WDFC), a resource for investors and traders seeking the latest updates and insights on Wd 40 stock.
WD-40 Company reports developments for a global marketing organization that develops and sells maintenance, homecare and cleaning products for workshops, factories and homes. Its recurring updates center on WD-40 Multi-Use Product, WD-40 Specialist, 3-IN-ONE, GT85 and household brands such as Spot Shot, Lava, X-14, 2000 Flushes, no vac, Solvol and Carpet Fresh.
Company news commonly covers quarterly results, regional sales trends in the Americas, EIMEA and Asia-Pacific, distribution and e-commerce activity, product promotions, dividends, annual-meeting matters and board changes. Brand initiatives also include retail and entertainment collaborations tied to WD-40 products.
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.
WD-40 Company (NASDAQ:WDFC) has announced its earnings conference call for the third quarter of 2020, scheduled for July 9, 2020 at 2:00 p.m. PDT. The call will cover financial results, business developments, and additional forward-looking information. The earnings press release will be issued after market close on the same day, with a live webcast available on the investor relations website. In fiscal year 2019, WD-40 Company recorded net sales of $423.4 million, with its products available in over 176 countries.