secwatch.observer — SEC 8-K summary
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Issuer:     WD 40 CO (WDFC)
CIK:        0000105132
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0000105132-22-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105132/000010513222000005/0000105132-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105132/000010513222000005/wdfc-20220106x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105132-22-000005

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