WD-40 Q2 net income down 15% to $16.5M; diluted EPS $1.21 vs $1.41; updates FY23 guidance

WD 40 CO

2023-Q2 EPS reported $2.23 revenue$255,086,000

Net sales $130.2M flat YoY; constant currency $135.7M; Americas +15%, EMEA -13%, Asia-Pac -4%.
Diluted EPS $1.21 vs $1.41; net income $16.5M down 15%; gross margin 50.8% vs 50.4%.
FY23 guidance: net sales $535-560M, diluted EPS $4.80-$5.00, gross margin 51-52%.
Quarterly dividend $0.83/share declared, payable April 28 to holders of record April 14.
Management expects strong H2; March 2023 likely a record sales month (preliminary).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WD 40 CO reported second fiscal quarter ended February 28, 2023 results: revenue $130.2 million, net income $16.5 million, EPS $1.21.

Period: second fiscal quarter ended February 28, 2023
Revenue: $130.2 million
Net income: $16.5 million
EPS: $1.21
Result: reported results

Exact text from the filing

results for its second fiscal quarter ended February 28 , 20 2 3 . Financial Highlights and Summary · Total net sales for the second quarter were relatively constant at $ 130.2 million compared to $130.0 million in the prior year fiscal quarter. Year-to-date total net sales were $ 255.1 million, a decrease of 4 percent compared to the prior year fiscal period

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Source: SEC EDGAR

accession 0000105132-23-000013

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