WD-40 Q2 net sales +7% to $139.1M, EPS $1.14; raises FY guidance; to sell homecare/cleaning

WD 40 CO

2024-Q2 EPS reported $2.42 revenue$279,521,000

Q2 net sales $139.1M (+7% YoY); diluted EPS $1.14 vs $1.21; gross margin 52.4% vs 50.8%.
FY 2024 net income guidance raised to $67.7M-$71.8M (from $65M-$70M); diluted EPS raised to $5.00-$5.30.
Announced plan to sell U.S. and U.K. Homecare and Cleaning Products portfolio to focus on core maintenance products.
Quarterly dividend declared $0.88 per share, payable April 30, 2024 to holders of record April 19, 2024.
Share repurchase plan: $50M authorized; $5.3M repurchased through Feb 29, 2024.

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 0.95

WD 40 CO reported second fiscal quarter ended February 29, 2024 results: revenue $139.1 million, net income $15.5 million, EPS $1.14. Guidance raised.

Period: second fiscal quarter ended February 29, 2024
Revenue: $139.1 million
Net income: $15.5 million
EPS: $1.14
Guidance: raised
Result: reported results

Exact text from the filing

today reported financial results for its second fiscal quarter ended February 29, 2024. Second Quarter Highlights and Summary: • Total net sales for the second quarter were $139.1 million, an increase of 7 percent compared to the prior year fiscal quarter. Year-to-date total net sales were $279.5 million, an increase of 10 percent compared to the prior year fiscal

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Source: SEC EDGAR

accession 0000105132-24-000019

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