---
schema_version: "secwatch.filing_event.v1"
accession: "0000105132-22-000024"
form_type: "8-K"
ticker: "WDFC"
cik: "0000105132"
company_name: "WD 40 CO"
filed_at: "2022-07-07T23:59:59+00:00"
generated_at: "2026-06-24T18:57:51.864105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WD-40 Q3 net sales down 9%, EPS $1.07; cuts FY gross margin guidance to ~50%

## Summary
- Q3 net sales $123.7M (-9% YoY); net income $14.5M (-31%); GAAP EPS $1.07 vs $1.52.
- Gross margin fell to 47.7% from 53.1%; management attributes to inflation and COVID-19 lockdowns in China.
- Americas segment +2%, EMEA -16% (Russia suspension), Asia-Pac -28% (Shanghai lockdowns).
- Full-year guidance: net sales $519-532M (+6-9% growth), gross margin ~50%, EPS $5.02-$5.10.
- Quarterly dividend maintained at $0.78; $4.2M in share repurchases during Q3; $52.6M remaining.

## SEC filing metadata
- accession: 0000105132-22-000024
- form_type: 8-K
- ticker: WDFC
- cik: 0000105132
- company_name: WD 40 CO
- filed_at: 2022-07-07T23:59:59+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/105132/000010513222000024/0000105132-22-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105132/000010513222000024/wdfc-20220707x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105132-22-000024
- JSON: https://secwatch.observer/filing/0000105132-22-000024.json
- Plain text: https://secwatch.observer/filing/0000105132-22-000024.txt

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