WD 40 CO SEC Filings

WD-40 Company reported strong third-quarter fiscal 2026 results with broad-based growth and higher profitability. Net sales rose 24 percent to $195.1 million, driven by double-digit increases across the Americas, EIMEA and Asia-Pacific, and aided by favorable foreign currency.

Gross margin improved to 56.6 percent and operating income increased 47 percent to $40.3 million. Net income grew 44 percent to $30.2 million and diluted EPS reached $2.24; on a non-GAAP basis adjusted diluted EPS was $2.33, up 51 percent, excluding a one-time $1.3 million amortization expense.

The company declared a quarterly dividend of $1.02 per share and repurchased 31,250 shares for $6.8 million. The board also authorized a new share repurchase program of up to $100 million. Management updated full-year 2026 guidance, now expecting reported net sales of $675–$690 million, non-GAAP operating income of $107–$113 million, and non-GAAP diluted EPS of $6.05–$6.35, reflecting higher maintenance-product growth and inclusion of Americas homecare and cleaning brands.

WD-40 Company executive Nicholas Daniel Giordano filed an initial Form 3 disclosing his ownership in the company. He directly holds 340 shares of common stock. This amount includes 192 unvested restricted stock units and 21 shares of restricted common stock received upon settlement of performance stock units, reflecting a mix of time-based and performance-based equity compensation rather than open-market trading.

WD-40 Company filed an amendment to a prior current report to update disclosure about its newly appointed principal accounting officer, Nicholas D. Giordano. The amendment notes that on June 19, 2026, the company and Mr. Giordano entered into an indemnity agreement and a change in control severance agreement.

Both agreements are in standard forms previously approved by the board for officers and will become effective on June 29, 2026, the effective date of his appointment. No other portions of the earlier report are being changed.

WD-40 Company is implementing a planned leadership transition across several key roles. Chief Financial Officer and principal accounting officer Sara K. Hyzer plans to move into the role of president, Americas division once a new CFO is appointed, while continuing as CFO during the transition and as principal accounting officer until June 29, 2026. Patricia Q. Olsem, currently president, Americas division, will become chief strategy and innovation officer, and Claudia Fenske will become chief brand and marketing officer, with both moving into their new positions in the first quarter of fiscal 2027. Nicholas D. Giordano will become vice president, corporate controller and chief accounting officer on June 29, 2026, with an annual base salary of $250,000 and incentive opportunities tied to salary-based targets and equity awards. WD-40 Company, which recorded net sales of $620.0 million in fiscal 2025, states these moves are intended to support long-term strategic priorities and continuity.

WD-40 Co Schedule 13G: Vanguard Capital Management reports beneficial ownership of 709,470 shares of Common Stock, representing 5.26% of the class. The filing states Vanguard has sole voting power over 103,816 shares and sole dispositive power over 709,470 shares. The statement clarifies: "this reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates" per SEC Release No. 34-39538.

WD-40 Co reports Vanguard Portfolio Management holds 1,049,971 shares of Common Stock, representing 7.78% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 1,049,971 shares and sole voting power for 11,832 shares. The disclosure is a Schedule 13G ownership filing signed 04/29/2026.

WD-40 Company delivered higher sales but lower reported earnings for the quarter and first half ended February 28, 2026. Net sales reached $316.1 million for the first half, up 6% year over year, or about 1% on a constant-currency basis, driven by growth in all three geographic segments and strong WD-40 Specialist demand.

Gross margin improved to 55.9% from 54.7% as lower specialty chemical costs and prior price increases more than offset higher filling fees. Reported net income fell to $37.8 million from $48.8 million, mainly because the prior year included an $11.9 million one-time tax benefit; excluding that item, net income rose about 3% and adjusted diluted EPS increased to $2.78 from $2.71.

The company generated $24.3 million in operating cash flow and returned about $42.4 million through dividends and share repurchases, while total borrowings increased to $101.2 million. Management highlighted potential margin pressure later in fiscal 2026 from higher petroleum-based input costs and Middle East supply chain disruptions, though current sales exposure there is small.

WD-40 Company reported solid second-quarter 2026 results, with total net sales of $161.7 million, up 11% from the prior-year quarter, driven by 13% growth in maintenance product sales to $156.8 million. Gross margin improved to 55.6%, and operating income rose 13% to $26.3 million.

GAAP diluted EPS was $1.50 versus $2.19 a year ago, but the prior period included an $11.9 million one-time tax benefit; on a comparable non-GAAP basis, diluted EPS increased 14%. All three regions grew, led by 19% net sales growth in Asia-Pacific.

The company continues to emphasize maintenance products, which represented 97% of net sales, while homecare and cleaning products declined after portfolio divestitures. It declared a quarterly dividend of $1.02 per share, repurchased 38,175 shares for $8.0 million, and reaffirmed full-year 2026 guidance, including net sales of $630–$655 million, gross margin of 55.5–56.5%, and diluted EPS of $5.75–$6.15.

WD-40 Company executive Christophe Paul Cloez filed an initial ownership report showing his equity stake in the company. As Managing Director, EIMEA, he reports beneficial ownership of 4,697 shares of WD-40 common stock held directly. This amount includes 1,104 unvested restricted stock units, 247 shares of restricted common stock received upon settlement of performance stock units, and 94 vested deferred performance units, which are common stock equivalents. The filing is a disclosure of existing holdings rather than a new share purchase or sale.