earnings
confidence high
sentiment negative
materiality 0.85
WD-40 Q4 net income drops 57% to $8.4M; FY2021 sales up 19% to $488.1M
WD 40 CO
2021-FY EPS reported
$5.09
revenue$488,109,000
- Q4 diluted EPS $0.61 vs $1.42 prior year; net income $8.4M, down 57% YoY.
- Full-year EPS $5.09 vs $4.40; net income $70.2M, up 16% YoY.
- Gross margin fell to 51.2% in Q4 from 56.3% due to supply chain constraints; SG&A up 14%, advertising up 61%.
- Americas -5%, EMEA +6%, Asia-Pacific +32%; maintenance product sales +4% globally.
- FY2022 guidance: net sales $522-542M, diluted EPS $5.24-5.38; $75M share buyback approved.