secwatch.observer — SEC 8-K summary
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Issuer:     WD 40 CO (WDFC)
CIK:        0000105132
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0000105132-21-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WD-40 Q4 net income drops 57% to $8.4M; FY2021 sales up 19% to $488.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105132/000010513221000024/0000105132-21-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105132/000010513221000024/wdfc-20211019x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105132-21-000024

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