---
schema_version: "secwatch.filing_event.v1"
accession: "0000105132-22-000005"
form_type: "8-K"
ticker: "WDFC"
cik: "0000105132"
company_name: "WD 40 CO"
filed_at: "2022-01-06T23:59:59+00:00"
generated_at: "2026-06-27T20:03:52.879965+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WD-40 Q1 net income down 21% to $18.6M; diluted EPS $1.34 vs $1.72; gross margin falls to 50.8%

## Summary
- Net sales up 8% to $134.7M (constant currency $131.3M); maintenance product sales up 10%, homecare down 15%.
- Gross margin dropped to 50.8% from 56.4% due to inflationary pressures and supply chain disruptions.
- FY2022 guidance: net sales $522-547M, gross margin 52-54%, diluted EPS $5.24-$5.38.
- Quarterly dividend raised 8% to $0.78/share, payable Jan 31, 2022 to holders of record Jan 14.
- Board approved $75M share buyback plan; $7.4M repurchased (32,000 shares) through Nov 30, 2021.

## SEC filing metadata
- accession: 0000105132-22-000005
- form_type: 8-K
- ticker: WDFC
- cik: 0000105132
- company_name: WD 40 CO
- filed_at: 2022-01-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105132/000010513222000005/0000105132-22-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105132/000010513222000005/wdfc-20220106x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105132-22-000005
- JSON: https://secwatch.observer/filing/0000105132-22-000005.json
- Plain text: https://secwatch.observer/filing/0000105132-22-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.