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) is a globally recognized manufacturer known for its extensive range of maintenance and cleaning products. The firm is renowned for its flagship product, WD-40, a multi-purpose lubricant that serves as a rust preventative, penetrant, cleaner, and moisture displacer. Established as a staple in both households and industries, WD-40 has become synonymous with reliability and versatility.
Beyond its signature product, the company offers the WD-40 Specialist line, which includes high-performance specialty maintenance products tailored for professionals. Another notable product is 3-IN-ONE Oil, a drip oil with diverse applications, ranging from locksmithing to jewelry manufacturing.
WD-40 Company's product portfolio extends to household cleaning solutions. Their offerings include heavy-duty hand cleaners under the Lava and Solvol brands, as well as the X-14 line of mildew stain removers and bathroom cleaners. Additionally, the company produces toilet bowl cleaners under the 2000 Flushes brand and carpet care products under the Spot Shot and Carpet Fresh brands.
Financially, WD-40 Company organizes its operations into three geographical segments: Americas (comprising the U.S., Canada, and Latin America), Europe/Middle East/Africa, and Asia-Pacific. The Americas segment generates nearly half of the company's revenue, underscoring its significant market presence in this region.
Recent achievements for WD-40 include continued innovation within their product lines and strategic partnerships aimed at expanding their global footprint. The company remains committed to sustainable practices, ensuring their products meet regulatory standards while delivering high performance.
For investors and stakeholders, WD-40 Company represents a stable and diversified entity with a strong market presence across multiple continents. Their focus on quality and innovation continues to drive growth and maintain consumer trust worldwide.
WD-40 Company (NASDAQ:WDFC) has announced significant changes to its board of directors. Eric P. Etchart has been appointed as the new non-executive chairman of the board, succeeding Gregory A. Sandfort who retired following the 2024 Annual Meeting of Stockholders. Etchart, who joined the board in 2016, brings extensive international experience from his previous role as senior vice president at The Manitowoc Company. He will continue serving on the Corporate Governance and Finance Committees.
Etchart's appointment aligns with WD-40's focus on geographic expansion of their signature product. The board currently consists of 10 directors.
WD-40 Company (NASDAQ:WDFC) has announced two key developments: First, the board of directors has declared a quarterly dividend increase of 7 percent to $0.94 per share, payable on January 31, 2025, to stockholders of record as of January 17, 2025. Second, the company has scheduled its first quarter 2025 earnings conference call for January 9, 2025, at 2:00 p.m. PST, where management will discuss financial results and business developments.
WD-40 Company (NASDAQ:WDFC) has announced its 2024 annual meeting of stockholders, scheduled for Thursday, December 12, 2024, at 10:00 a.m. PST. The meeting will be held in a virtual format, with no physical location, to ensure broader stockholder accessibility. During the meeting, management will present a strategic overview alongside regular meeting matters.
WD-40 Company (NASDAQ:WDFC) reported its fourth quarter and fiscal year 2024 financial results, showcasing significant growth. Fourth Quarter Highlights: Total net sales rose 11% to $156.0 million, maintenance product sales increased 12% to $147.5 million, and gross margin improved to 54.1%. However, selling, general, and administrative expenses surged 27% to $49.1 million. Net income saw a modest 1% increase to $16.8 million, with diluted earnings per share at $1.23.
Fiscal Year 2024 Highlights: Net sales climbed 10% to $590.6 million, with a gross margin of 53.4%. Net income increased 6% to $69.6 million, and diluted earnings per share reached $5.11. The company plans to divest its homecare and cleaning products portfolio to focus on higher-growth maintenance products.
Fiscal Year 2025 Guidance: WD-40 projects net sales growth between 6% and 11%, gross margin between 54% and 55%, and diluted earnings per share between $5.20 and $5.45.
WD-40 Company (NASDAQ:WDFC) has announced a quarterly dividend declaration by its board of directors. The dividend, set at $0.88 per share, was declared on October 4, 2024. It will be payable on October 31, 2024 to stockholders of record at the close of business on October 18, 2024. This regular quarterly dividend demonstrates WD-40 Company's commitment to returning value to its shareholders.
WD-40 Company (NASDAQ:WDFC) has announced its upcoming fourth quarter and full fiscal year 2024 earnings conference call. The call is scheduled for Thursday, October 17, 2024, at 2:00 p.m. PDT. During this call, the company's management will discuss:
- Financial results
- Business developments
- Other matters affecting the Company
This announcement provides investors and analysts with the opportunity to gain insights into WD-40 Company's performance and future outlook directly from its management team.
WD-40 Company (NASDAQ:WDFC) reported a 9% increase in global net sales for Q3 2024, totaling $155 million. Maintenance product sales rose by 10% to $147.2 million, significantly contributing to total sales. Gross margin improved to 53.1% from 50.6% in the previous year. However, operating expenses, including selling, general, and administrative, climbed by 19%, while advertising expenses surged by 22%. Net income increased by 5% to $19.8 million, resulting in diluted earnings per share of $1.46, up from $1.38. The company reaffirmed its FY 2024 guidance, projecting net sales between $570 million and $600 million, and EPS between $5.00 and $5.30. A quarterly dividend of $0.88 per share was declared, payable on July 31, 2024.
WD-40 Company (NASDAQ:WDFC) announced the upcoming retirement of Gregory A. Sandfort from his roles as director and non-executive chair of the board on December 12, 2024. Sandfort has been with the board since 2011 and chair since 2022. He will be succeeded by Eric P. Etchart, an independent director since 2016 who currently chairs the corporate governance committee and is a member of the finance committee. Etchart brings extensive international business experience and has held senior positions in multiple countries. The board will reduce its size to 10 directors following Sandfort's departure.
WD-40 Company (NASDAQ: WDFC) announced its board of directors declared a quarterly dividend of $0.88 per share on June 18, 2024. The dividend is payable on July 31, 2024, to shareholders of record as of July 19, 2024.
The company also scheduled its third quarter 2024 earnings conference call for July 10, 2024, at 2:00 p.m. PDT, during which management will discuss financial results, business developments, and other related matters.
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