WD-40 Q1 net sales up 12% to $140.4M; EPS $1.28 vs $1.02; dividend raised 6%

WD 40 CO

2024-Q1 EPS reported $1.28 revenue$140,416,000

Net income $17.5M (+25% YoY); diluted EPS $1.28 vs $1.02; gross margin 53.8% (up 240 bps).
Americas sales +10%, EIMEA +20%, Asia-Pacific +6%; constant-currency growth 9% to $136.5M.
Quarterly dividend increased 6% to $0.88 per share, payable Jan 31, 2024 to holders of record Jan 19.
Company repurchased 11,500 shares for $2.4M under new $50M buyback plan through Aug 31, 2025.
FY2024 guidance reiterated: net sales $570-600M (constant currency), EPS $4.78-5.15, gross margin 51-53%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WD 40 CO reported the quarter ended November 30, 2023 results: revenue $140.4 million, net income $17.5 million, EPS $1.28. Guidance reaffirmed.

Period: the quarter ended November 30, 2023
Revenue: $140.4 million
Net income: $17.5 million
EPS: $1.28
Guidance: reaffirmed
Result: reported results

Exact text from the filing

WD-40 Company Reports First Quarter 2024 Financial Results ~ Global net sales grew 12 percent in the first quarter compared to the prior year fiscal quarter ~ ~ Management reiterates fiscal year 2024 guidance ~ SAN DIEGO — January 9, 2024 — WD-40 Company (NASDAQ:WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its first fiscal quarter ended November 30, 2023. First Quarter Highlights and Summary: • Total net sales for the first quarter were $140.4 million, an increase of 12 percent compared to the prior year fiscal quarter. • Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales for the current quarter. On a non-GAAP constant currency basis, total net sales in the first quarter would have increased 9 percent to $136.5

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Source: SEC EDGAR

accession 0000105132-24-000004

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