WD-40 Q1 net sales down 7%, EPS $1.02 vs $1.34; guidance reiterated

WD 40 CO

2023-Q1 EPS reported $1.02 revenue$124,893,000

Net sales $124.9M (-7% YoY); net income $14.0M (-25%); diluted EPS $1.02 ($1.34 prior year).
Gross margin 51.4% (+60 bps YoY, +400 bps sequentially vs Q4 FY2022).
Americas +3%, EMEA -29%, Asia-Pacific +25%; EMEA weakness driven by Russia suspension and FX.
Reiterated FY2023 guidance: net sales $545-570M, EPS $5.09-$5.24, gross margin 51-53%.
Quarterly dividend raised 6% to $0.83/share, payable Jan 31, 2023; $4.1M shares repurchased in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WD 40 CO reported first fiscal quarter ended November 30, 2022 results: revenue $124.9 million, net income $14.0 million, EPS $1.02. Guidance reaffirmed.

Period: first fiscal quarter ended November 30, 2022
Revenue: $124.9 million
Net income: $14.0 million
EPS: $1.02
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total net sales for the first quarter were $124.9 million

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Source: SEC EDGAR

accession 0000105132-23-000005

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