Business
WD-40 Company Reports Fourth Quarter and Fiscal Year 2025 Financial Results
~ Full-year gross margin above 55%, achieving recovery a year ahead of expectations ~ ~ Management to deploy remaining buyback authorization, signaling
About this update from Wd-40 Company
[{"type":"text","content":"\n~ Full-year gross margin above 55%, achieving recovery a year ahead of expectations ~\n\n\n~ Management to deploy remaining buyback authorization, signaling strong confidence in long-term business fundamentals ~\n\n\n SAN DIEGO--(BUSINESS WIRE)--\nWD-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 fourth quarter and fiscal year ended August 31, 2025.\n\n\nFiscal Year 2025 Highlights and Summary:\n\n\n\nTotal net sales were $620.0 million, an increase of 5 percent compared to the prior fiscal year.\n\n\n\nTranslation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had an unfavorable impact on net sales of approximately $1.5 million for the current fiscal year.\n\n\n\nTotal maintenance product sales were $591.0 million, an increase of 6 percent compared to the prior year fiscal quarter.\n\n\n\nGross margin was 55.1 percent compared to 53.4 percent in the prior fiscal year.\n\n\n\nSelling, general, and administrative expenses were $199.9 million, up 9 percent compared to the prior fiscal year.\n\n\n\nAdvertising and sales promotion expenses were $37.4 million, up 10 percent compared to the prior fiscal year.\n\n\n\nOperating income was $103.8 million, an increase of 8 percent compared to the prior fiscal year.\n\n\n\nNet income was $91.0 million, an increase of 31 percent compared to the prior fiscal year. During the second quarter of fiscal year 2025, the Company released an uncertain tax position that generated a favorable income tax adjustment of $11.9 million(1). Excluding this one-time benefit, net income would have increased $9.4 million, or 14 percent compared to the prior fiscal year.\n\n\n\nDiluted earnings per share were $6.69 compared to $5.11 for the prior fiscal year. The income tax benefit of $11.9 million(1) resulted in a favorable impact to diluted earnings per share of $0.87. As a result, Non-GAAP adjusted diluted earnings per share were $5.82 compared to $5.11 in the prior year fiscal year, an increase of 14 percent.\n\n\n\nFourth Quarter Highlights and Summary:\n\n\n\nTotal net sales were $163.5 million, an increase of 5 percent compared to the prior year fiscal...