Quarterly ResultJul 9, 2026, 04:23 PM
WD-40 Q3 Net Sales $195.1M, EPS $2.24; Approves $100M Buyback
AI Summary
WD-40 Company reported strong third-quarter results with net sales increasing to $195.1 million and basic EPS rising to $2.24. The Board also approved a new share repurchase plan authorizing up to $100.0 million in buybacks, effective September 1, 2026. Additionally, the company reclassified its homecare and cleaning product businesses from held for sale to held for use, indicating a strategic decision to retain these assets.
Key Highlights
- Board approved a new $100.0 million share repurchase plan effective September 1, 2026.
- Net sales for Q3 increased to $195.1 million from $156.9 million YoY.
- Basic EPS for Q3 rose to $2.24 from $1.54 YoY.
- Net income for Q3 was $30.2 million, up from $21.0 million YoY.
- Nine-month net sales increased to $511.2 million from $456.5 million YoY.
- Nine-month net income was $68.0 million, down from $69.8 million YoY.
- Cash and cash equivalents increased to $59.1 million from $58.1 million.
- Homecare and cleaning product businesses reclassified from held for sale to held for use.
Price Impact
More from WDFC