secwatch.observer — SEC 8-K summary
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Issuer:     WD 40 CO (WDFC)
CIK:        0000105132
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0000105132-22-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105132/000010513222000024/0000105132-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105132/000010513222000024/wdfc-20220707x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105132-22-000024

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