WD-40 Company Announces New $75.0 Million Share Repurchase Plan
10/13/2021 - 04:05 PM
SAN DIEGO , Oct. 13, 2021 /PRNewswire/ -- WD-40 Company (NASDAQ:WDFC) today announced that its board of directors approved a new share repurchase plan. Under the new plan, which will become effective on November 1, 2021 , the Company is authorized to acquire up to $75.0 million August 31 , 2023. The timing and amount of repurchases will be based on terms and conditions acceptable to the Company and in compliance with all laws and applicable regulations.
"Today I am happy to share with you that our board of directors approved a new share repurchase plan," said Jay Rembolt , vice president and chief financial officer of WD-40 Company. "When the pandemic began, we elected to suspend stock repurchases under our previous share repurchase plan in order to conserve our cash while we monitored the long-term impacts of the pandemic. The newly authorized share repurchase plan reflects our confidence in our long-term growth outlook, commitment to our capital allocation strategy, and capacity to return capital to our stockholders."
About WD-40 Company WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories, and homes around the world. The Company markets a wide range of maintenance products and homecare and cleaning products under the following well-known brands: WD-40®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®, Lava® and Solvol®.
Headquartered in San Diego , WD-40 Company recorded net sales of $408.5 million http://www.wd40company.com
https://www.prnewswire.com/news-releases/wd-40-company-announces-new-75-0-million-share-repurchase-plan-301399663.html
SOURCE WD-40 Company
WDFC Rankings
#640 Ranked by Stock Gains
WDFC Stock Data
Industry
Polish and Other Sanitation Good Manufacturing
Sector
Manufacturing
Tags
Process Industries, Industrial Specialties, Manufacturing, Polish and Other Sanitation Good Manufacturing
Country
US
City
San Diego
About WDFC
wd-40 company produces lubricants, hand cleaners, and household cleaners worldwide. its products include wd-40, a multi-purpose product, which acts as a lubricant, rust preventative, penetrant, cleaner, and moisture displacer; wd-40 specialist, a line of best-in class specialty maintenance products; 3-in-one oil, a drip oil for household consumers that has application in the areas of locksmithing, hvac, marine, farming, construction, and jewelry manufacturing, as well as household consumer applications; and a range of heavy-duty hand cleaner products, including bar soaps and liquid cleaners under the lava and solvol brands. the company also offers x-14 line of liquid mildew stain removers, liquid daily shower cleaners, automatic toilet bowl cleaners, and aerosol and liquid all-purpose bathroom cleaners; 2000 flushes line of automatic toilet bowl cleaners; carpet fresh rug and room deodorizers; aerosol and liquid carpet stain removers under the spot shot brand name; and carpet and house
