Business
WD-40 Company Reports Third Quarter 2025 Financial Results
~ Net Sales of Maintenance Products up 6 percent Year-To-Date ~ ~ Management Narrows Net Sales Outlook; Raises Operating Income and EPS Guidance ~ SAN
About this update from Wd-40 Company
[{"type":"text","content":"\n~ Net Sales of Maintenance Products up 6 percent Year-To-Date ~\n\n\n~ Management Narrows Net Sales Outlook; Raises Operating Income and EPS Guidance ~\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 third fiscal quarter ended May 31, 2025.\n\n\nThird Quarter Highlights and Summary:\n\n\n\nTotal net sales were $156.9 million, an increase of 1 percent compared to the prior year fiscal quarter.\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 $1.6 million for the current quarter.\n\n\n\nMaintenance product sales were $150.4 million, an increase of 2 percent compared to the prior year fiscal quarter.\n\n\n\nGross margin was 56.2 percent compared to 53.1 percent in the prior year fiscal quarter.\n\n\n\nSelling, general, and administrative expenses were $51.5 million, up 13 percent compared to the prior year fiscal quarter.\n\n\n\nAdvertising and sales promotion expenses were $9.2 million, down 2 percent compared to the prior year fiscal quarter. These expenses accounted for 5.8 percent of total net sales, down from 6.0 percent in the prior year fiscal quarter.\n\n\n\nOperating income was $27.4 million, an increase of 1 percent from the prior year fiscal quarter.\n\n\n\nNet income was $21.0 million, an increase of 6 percent from the prior year fiscal quarter.\n\n\n\nDiluted earnings per share were $1.54 compared to $1.46 in the prior year fiscal quarter, an increase of 5 percent.\n\n\n\n“Today we reported third quarter net sales of $156.9 million — a new record high for net sales in a quarter — reflecting a modest 1 percent year-over-year increase,” said Steve Brass, president and chief executive officer. “Our core maintenance products grew 2 percent in the quarter and are up 6 percent year-to-date, aligning with our long-term growth objectives. At the same time, we’ve made significant progress on gross margin recovery, reaching 56 percent in the third quarter — an improvement of 310 basis points over last year. We now expect to exceed our 55 percent long-term gross margi...