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) announced its annual stockholders' meeting will be held virtually on December 14, 2021, at 10:00 a.m. PST, prioritizing health and safety. Only stockholders as of October 18, 2021 can vote or ask questions during the meeting. A general business update will be provided, with forward-looking information discussed. The meeting can be accessed here. An archived webcast will be available on the company’s website for one year after the event.
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.
FAQ
What is the current stock price of Wd-40 Co (WDFC)?
What is the market cap of Wd-40 Co (WDFC)?
What does WD-40 Company specialize in?
What is the WD-40 Specialist line?
What are some of the household cleaning products offered by WD-40 Company?
How is WD-40 Company's revenue segmented geographically?
Which geographical segment generates the most revenue for WD-40 Company?
What are some recent achievements of WD-40 Company?
What sustainability practices does WD-40 Company follow?
What markets does the 3-IN-ONE Oil product target?
Is WD-40 Company involved in any partnerships?
What is the significance of the WD-40 brand in the market?
