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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 the retirement of CEO Garry Ridge, effective August 31, 2022, marking a significant leadership transition. Steve Brass, currently President and COO, will succeed him starting September 1, 2022. Brass, who has over 30 years with the company, brings extensive operational and global experience. Ridge stated this transition is timely for the company's continued growth. Additionally, Ridge will continue as chairman until December 13, 2022, after which he will hold the honorary title of Chairman Emeritus and serve as a strategic advisor until June 30, 2023.
WD-40 Company (NASDAQ: WDFC) declared a quarterly dividend of $0.78 per share, payable on April 29, 2022, to shareholders recorded by April 15, 2022. The company will host its second fiscal quarter 2022 earnings call on April 7, 2022, at 2:00 p.m. PDT, discussing financial results and business updates. For fiscal year 2021, WD-40 reported net sales of $488.1 million and operates globally, selling products in over 176 countries.
WD-40 Company (NASDAQ:WDFC) reported Q1 financial results with total net sales of $134.7 million, marking an 8% increase year-over-year. However, net income fell 21% to $18.6 million, leading to diluted EPS of $1.34, down from $1.72. Gross margin decreased to 50.8% from 56.4%, reflecting supply chain challenges. Regional sales varied, with the Asia-Pacific segment growing 34%. The company anticipates net sales growth of 7-12% for FY 2022, expecting $522-$547 million in sales and EPS between $5.24 and $5.38.
WD-40 Company (NASDAQ: WDFC) will hold its first quarter 2022 earnings conference call on January 6, 2022, at 2:00 p.m. PST. This call will cover financial results, business developments, and other significant matters affecting the company. The quarterly earnings press release will be available post-market close on the same day. WD-40 Company reported net sales of $488.1 million in fiscal year 2021 and markets its products in over 176 countries. A live webcast of the conference will be accessible on the company’s investor relations website.
WD-40 Company (NASDAQ: WDFC) has declared a quarterly dividend of $0.78 per share, marking an increase of over 8% from the previous quarter. This dividend is payable on January 31, 2022, to stockholders of record by the close of business on January 14, 2022. The company reported $488.1 million in net sales for fiscal year 2021 and operates in more than 176 countries globally.
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.
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