---
schema_version: "secwatch.filing_event.v1"
accession: "0000105132-23-000005"
form_type: "8-K"
ticker: "WDFC"
cik: "0000105132"
company_name: "WD 40 CO"
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:27:25.650639+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 sales down 7%, EPS $1.02 vs $1.34; guidance reiterated

## Summary
- 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.

## SEC filing metadata
- accession: 0000105132-23-000005
- form_type: 8-K
- ticker: WDFC
- cik: 0000105132
- company_name: WD 40 CO
- filed_at: 2023-01-09T23:59:59+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/105132/000010513223000005/0000105132-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105132/000010513223000005/wdfc-20230109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105132-23-000005
- JSON: https://secwatch.observer/filing/0000105132-23-000005.json
- Plain text: https://secwatch.observer/filing/0000105132-23-000005.txt

## Key facts
- Earnings Releases
  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
  source text: Total net sales for the first quarter were $124.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/105132/000010513223000005/0000105132-23-000005-index.htm

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