earnings
confidence high
sentiment neutral
materiality 0.60
WD-40 FY2026 sales rise 11% to $688M; Q4 EPS drops 32% to $1.06 as gross margin falls to 52.8%
WD 40 CO
- FY2026 net sales $688.0M, up 11% (+7% constant currency); maintenance products $665.9M, up 13%; gross margin 55.3% vs 55.1%; operating income $108.9M, up 5%.
- FY2026 diluted EPS $6.08 vs $6.69, as prior year included a $11.9M favorable tax adjustment; non-GAAP EPS $6.18, up 6%, on non-GAAP net income of $83.7M.
- Q4 gross margin fell to 52.8% from 54.7% on higher specialty chemical and freight costs; Q4 operating income down 32% to $19.1M, net income $14.4M, EPS $1.06 vs $1.56.
- Q4 segments: Americas $81.3M (+5%), EIMEA $69.2M (+10%), Asia-Pacific $26.3M (+13%); Latin America Multi-Use up $2.7M, India up $2.4M, China up $1.8M.
- FY2027 guidance: sales $715-735M (+4-7%), gross margin 54.0-55.5%, operating income $114-120M, EPS $6.40-$6.70; new $100M buyback effective Sept. 1, 2026; dividend $1.02/share.