=WD-40 Co. (WDFC) reported earnings on Tue 19 Oct 21 (a/h)

 

WD-40 Company Reports Fourth Quarter and Fiscal Year 2021 Financial Results

SAN DIEGO, Oct. 19, 2021 /PRNewswire/ -- WD-40 Company (NASDAQ: WDFC), 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, today reported financial results for its fourth quarter and fiscal year ended August 31, 2021.

Financial Highlights and Summary

• Total net sales for the fourth quarter were $115.2 million, an increase of 3 percent compared to the prior year fiscal quarter. For the full fiscal year, total net sales were $488.1 million, an increase of 19 percent compared to the prior fiscal year.

• Translation of the Company's foreign subsidiary results to U.S. dollars had a favorable impact on sales for the current quarter and full fiscal year. On a constant currency basis, total net sales would have been $108.8 million for the fourth quarter and $468.4 million for the full fiscal year.

• Net income for the fourth quarter was $8.4 million, a decrease of 57 percent compared to the prior year fiscal quarter. For the full fiscal year, net income was $70.2 million, an increase of 16 percent from the prior fiscal year. On a constant currency basis, total net income would have been $7.7 million for the fourth quarter and $66.5 million for the full fiscal year.

• Diluted earnings per share were $0.61 in the fourth quarter, compared to $1.42 per share for the prior year fiscal quarter. For the full fiscal year, diluted earnings per share were $5.09 compared to $4.40 in the prior fiscal year.

Earnings this week : Oct 18 - 22, 21 (wk 42)

Monday (Oct 18)

• Morning:  ACI PHG STT
• Afternoon: ELS FNB HXL STLD ZION

Tuesday (Oct 19)

• Morning: BK CBSH DOV ERIC FITB FMBI HAL IRDM JNJ KSU MAN ONB PM PG SBNY SI SYF SNV TRV
• Afternoon:  CNI FULT HWC IBKR ISRG MRTN NBHC NFLX OMC LRN UAL UCBI WDFC WTFC

Wednesday (Oct 20)

• Morning:  ABT ANTM ASML BKR BIIB BOKF CP CFG CMA FHN FCFS KNX LAD MTB MKTX MSM NDAQ NEE NEP NTRS BPOP VZ WSO WGO
• Afternoon:  CNS CCI CSX CVBF DFS EFX EEFT FR GL GGG IBM KALU KMI LRCX LSTR LVS OMF PPG XM REXR RLI SLM SEIC SLG STL FTI THC TSLA TCBI UFPI UMPQ VMI

Thursday (Oct 21)

• Morning: ABB ALK ALLE ALLY AAL T AN BANC BKU BX GTLS CROX DHR DOW EWBC FAF FCX GATX GPC HRI HOMB IPG IQV KEY LNN MMC NUE NVR PPBI POOL PDS DGX RCI SASR SNA SON LUV TSCO TPH TRN UNP VLO WBS
• During Market Hours: WABC
• Afternoon:  ASB OZK BJRI SAM CSL CE CMG BOOM FFBC GBCI INTC MAT OLN PBCT PSMT RHI SNAP SIVB VICR WRB WAL WHR WSFS

Friday (Oct 22)  

• Morning:  AIMC AXP ALV CLF FHB GNTX HCA HON RF ROP SLB STX SMPL VFC

=WD-40 Co. (WDFC) reported earnings on Tue 20 Oct 20 (a/h)

 

WD-40 beats by $0.29, beats on revs 

Reports Q4 (Aug) earnings of $1.42 per share, $0.29 better than the two analyst estimate of $1.13; revenues rose 4.3% year/year to $111.6 mln vs the $98.8 mln single analyst estimate.

Gross margin was 56.3 percent in the fourth quarter compared to 54.6 percent in the prior year fiscal quarter.

"An unexpected developing trend we experienced in the fourth quarter was an increase in demand for products linked to renovation trends associated with the COVID-19 pandemic. It seems that the more time people spend isolated in their homes, the more time and money they spend making home improvements. We are calling this trend, 'isolation renovation' and in nearly all our direct markets we saw double-digit sales growth of WD-40 Multi-Use Product due to this phenomenon."

=WD-40 Co. (WDFC) reported earnings on Tue 9 Apr 2019 (a/h)

SAN DIEGO (AP) _ WD-40 Co. (WDFC) on Tuesday reported fiscal second-quarter net income of $15.9 million.

The San Diego-based company said it had net income of $1.14 per share.

The maintenance and cleaning product company posted revenue of $101.3 million in the period.

WD-40 expects full-year earnings to be $4.51 to $4.58 per share, with revenue in the range of $425 million to $437 million.

WD-40 shares have decreased 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $172.34, a rise of 32 percent in the last 12 months.

Earnings this week : April 8 - 12, 2019 (wk 15)

Monday (April 8)

• none

Tuesday (April 9)

• Morning: LNN SJR
• Afternoon: PSMT WDFC  LEVI

Wednesday (April 10)

• Morning: DAL MSM
• Afternoon: BBBY

Thursday (April 11)

• Morning: APOG FAST RAD
• Afternoon: none

Friday (April 12) 

• Morning: FRC JPM PNC WFC

====WD-40 Company (WDFC) reported earnings on Tue 10 July 2018 (a/h)

WD-40 beats by $0.10, beats on revs; guides FY18 EPS in-line, revs in-line

• Reports Q3 (May) earnings of $1.15 per share, $0.10 better thanthe two analyst estimate of $1.05; revenues rose 9.0% year/year to $107 mln vs the $103.33 mln single analyst estimate.
• Gross margin was 54.8% in the third quarter compared to 55.3% in the prior year fiscal quarter.
• Co issues in-line guidancefor FY18, sees EPS of $4.05-$4.10 vs. $4.09 two analyst estimate; sees FY18 revs of $403-$411 mln vs. $408.06 mln two analyst estimate.
• Commentary: "Our maintenance products delivered solid sales increases in the third quarter including 10% growth of WD-40 Multi-Use Product and 16% growth of WD-40 Specialist. Though fluctuating foreign currency exchange rates favorably impacted our sales results in the current quarter, we still saw a currency adjusted sales growth rate of 5% period-over-period. Unfortunately we are continuing to see the impact of higher commodity prices which have begun to deteriorate our gross margins in all three of our operating segments. To combat this margin pressure we have made some price increases to ensure our gross margin remains in-line with our 55/30/25 business model..."

=WD-40 Company (WDFC) reported earnings on Thur 7 Apr 2016 (a/h)

WD-40 Company reported a beat on earnings and raised its full-year guidance. For its second quarter, the company reported diluted earnings of 94 cents per share beating analyst estimates of 86 cents per share.

WD-40 Co. (WDFC) reported earnings on Thur 15 Oct 2015 (a/h)

 ** charts before earnings **

 

** charts after earnings **