secwatch.observer — SEC 8-K summary
======================================

Issuer:     WD 40 CO (WDFC)
CIK:        0000105132
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0000105132-23-000005
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 sales down 7%, EPS $1.02 vs $1.34; guidance reiterated
-------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105132/000010513223000005/0000105132-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105132/000010513223000005/wdfc-20230109x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105132-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer