WD 40 CO reported second fiscal quarter ended February 28, 2026 results: revenue $161.7 million, net income $20.3 million, EPS $1.50. Guidance reaffirmed.
“and homes around the world, today reported financial results for its second fiscal quarter ended February 28, 2026. Second Quarter Highlights and Summary: • Total net sales were $161.7 million, an increase of 11 percent compared to the prior year fiscal quarter. • Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S.”
Gregory A. Sandfort departed as Non-Executive Chair of the Board at WD 40 CO.
“On June 17, 2024, Gregory A. Sandfort, the non-executive Chair of the Board of Directors (the “Board”) of WD-40 Company (the “Company”), notified the Board of his decision to retire from the Company’s Board, effective as of the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”), which is currently scheduled for December 12, 2024.”
Material Agreements
WD 40 CO entered into Fourth Amendment to Note Purchase and Private Shelf Agreement with PGIM, Inc. valued at Amendment to permit entry into 2nd A&R Credit Agreement with Bank of America and include conforming (effective 2024-04-30).
“On April 30, 2024, the Company entered into a fourth amendment (the “4 th Amendment”) to the Note Purchase and Private Shelf Agreement dated November 15, 2017 (as amended on February 23, 2018, March 16, 2020, and September 30, 2020, collectively, the “Note Agreement”) by and among the Company and PGIM, Inc. (“Prudential”), and certain affiliates and managed accounts of Prudential (collectively with Prudential, the “Note Purchasers”).”
Material Agreements
WD 40 CO entered into Second Amended and Restated Credit Agreement with Bank of America, N.A. valued at Revolving Commitment decreased from $150 million to $125 million; sublimit decreased from $100 milli (effective 2024-04-30).
“On April 30, 2024, WD-40 Company (the “Company”), and certain subsidiaries of the Company, entered into a Second Amended and Restated Credit Agreement (the “2 nd A&R Credit Agreement”) with Bank of America, N.A. (“Bank of America”).”
Earnings Releases
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.
“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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