WD 40 Company (WDFC)

WD-40 Company Reports Third Quarter 2026 Financial ResultsJuly 9, 2026 4:05 PM
Business Wire ~ Net sales increased 24%, driven by double-digit growth across all three trade blocs ~ ~ Operating income increased 47%, reflecting strong operating leverage and the benefits of scale ~ ~ Management updates guidance to better reflect current outlook ~ WD-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, 2026. Third Quarter Highlights and Summary: Total net sales were $195.1 million, an increase of 24 percent compared to the prior year fiscal quarter. Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales of approximately $7.3 million for the current quarter. On a non-GAAP constant currency basis, total net sales in the third quarter would have increased 20 percent to $187.8 million compared to the prior year fiscal quarter. Maintenance product sales were $189.7 million, an increase of 26 percent compared to the prior year fiscal quarter. On a non-GAAP constant currency basis, maintenance product sales in the third quarter would have increased 22 percent compared to the prior year fiscal quarter. Gross margin increased to 56.6 percent compared to 56.2 percent in the prior year fiscal quarter. Selling, general, and administrative expenses were $56.7 million, up 10 percent compared to the prior year fiscal quarter. Advertising and sales promotion expenses were $11.9 million, up 30 percent compared to the prior year fiscal quarter. These expenses accounted for 6.1 percent of total net sales, up from 5.8 percent in the prior year fiscal quarter. Operating income was $40.3 million, an increase of 47 percent from the prior year fiscal quarter. Net income was $30.2 million, an increase of 44 percent from the prior year fiscal quarter. During the third quarter of fiscal year 2026, we reclassified certain homecare and cleaning products in the Americas and recorded an additional $1.3 million of related amortization expense. Excluding this one-time expense, on a non-GAAP basis, adjusted net income was $31.5 million, an increase of 50 percent. Diluted earnings per share were $2.24 compared to $1.54 in the prior year fiscal quarter, an increase of 45 percent. Excluding the one-time adjustment for amortization expense mentioned above, non-GAAP adjusted diluted EPS was $2.33, an increase of 51 percent. “We delivered an exceptional third quarter, with net sales increasing 24% and operating income increasing 47%, demonstrating the operating leverage inherent in our business model,” said Steve Brass, president and chief executive officer. “Our strong performance was driven by double-digit growth across all three trade blocs and continued progress in our Must-Win Battles, delivering solid double-digit year-to-date growth in geographic expansion, WD-40 Specialist, premiumized products, and e-commerce. “During the quarter, we decided to shift our focus and no longer actively market our Americas homecare and cleaning brands and have reclassified those assets as held for use. Based on this action and our strong year-to-date performance, we are updating our guidance to include the homecare and cleaning business in our outlook and narrowing the guidance ranges for the remainder of fiscal year 2026.” Net Sales by Segment (in thousands): Three Months Ended May 31,   Nine Months Ended May 31, 2026   2025   Dollars   Change   2026   2025   Dollars   Change Americas (1) $ 101,216   $ 78,162   $ 23,054   29 %   $ 244,903   $ 213,127   $ 31,776   15 % EIMEA (2)   66,572     56,705     9,867   17 %     190,116     173,763     16,353   9 % Asia-Pacific (3)   27,331     22,048     5,283   24 %     76,194     69,624     6,570   9 % Total $ 195,119   $ 156,915   $ 38,204   24 %   $ 511,213   $ 456,514   $ 54,699   12 % Third Quarter Highlights by Segment: Americas The Americas segment represented 52 percent of total net sales in the third quarter. Total net sales in the Americas increased 29 percent compared to the prior year fiscal quarter, driven by a 31 percent increase in maintenance product sales. This growth was primarily attributable to higher sales of WD-40® Multi-Use Product in the United States and Latin America, where net sales rose by $17.2 million and $2.6 million, respectively. In the United States, strong performance was driven by expanded distribution, continued strength in online channels, and strong promotional activity including a high-impact promotional program. In Latin America, sales increased in both Brazil and Mexico, supported by higher volumes in Brazil and by higher volumes and favorable currency impacts in Mexico. WD-40 Specialist® also contributed to the increase in maintenance product sales, with net sales up $2.1 million, or 22 percent, compared to the prior year fiscal quarter, driven primarily by new distribution, growth in online sales, and enhanced product placement. Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales in the Americas. On a non-GAAP constant currency basis, net sales in Americas would have been $99.5 million for the third quarter, reflecting an increase of 27 percent compared to the prior year fiscal quarter. EIMEA The EIMEA segment represented 34 percent of total net sales in the third quarter. Total net sales in EIMEA increased 17 percent compared to the prior year fiscal quarter driven by a 20 percent increase in maintenance product sales. This growth was primarily attributable to higher sales volume in both direct and distributor markets as well as favorable changes in foreign currency exchange rates. WD-40® Multi-Use Product led this performance, with net sales increasing $7.2 million, or 17 percent, driven by strong maintenance product growth in key markets, improved distributor market performance, and customer inventory builds ahead of anticipated supply constraints and price increases. WD-40 Specialist® also contributed to the increase in maintenance product sales, with net sales increasing $3.0 million, or 31 percent, compared to the prior year fiscal quarter. Growth was driven by strong performance across all direct markets, supported by effective marketing programs, new product introductions, and favorable foreign currency exchange rates. Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales in EIMEA. On a non-GAAP constant currency basis, net sales in EIMEA would have been $62.2 million for the third quarter, reflecting an increase of 10 percent compared to the prior year fiscal quarter. Asia-Pacific The Asia-Pacific segment represented 14 percent of total net sales in the third quarter. Total net sales in Asia-Pacific increased 24 percent compared to the prior year fiscal quarter, primarily due to a 25 percent increase in sales of maintenance products. Growth was broad-based across the region, driven primarily by higher sales of WD-40® Multi-Use Product in China and the Company’s Asia distributor markets, where net sales rose by $3.0 million and $1.4 million, respectively. In China, growth was driven by higher sales volumes, supported by promotional and marketing programs, including online influencers, as well as expanded distribution across online retail and industrial channels. Sales also benefited from advanced buying ahead of planned price increases later this year. In the Company’s Asia distributor markets, sales increased due to promotional programs, particularly in the Philippines, Indonesia, and Malaysia. Net sales of WD-40 Specialist® increased 32 percent compared to the prior year quarter, driven primarily by strong sales volumes in China supported by successful promotions and expanded distribution. Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales in Asia-Pacific. On a non-GAAP constant currency basis, net sales in Asia-Pacific would have been $26.1 million for the third quarter, reflecting an increase of 18 percent compared to the prior year fiscal period. Net Sales by Product Group (in thousands): Three Months Ended May 31,   Nine Months Ended May 31, 2026   2025   Dollars   Change   2026   2025   Dollars   Change WD-40 Multi-Use Product $ 152,523   $ 120,687   $ 31,836     26 %   $ 397,686   $ 352,926   $ 44,760     13 % WD-40 Specialist   28,018     22,028     5,990     27 %     72,899     59,762     13,137     22 % Other maintenance products (4)   9,203     7,687     1,516     20 %     24,888     22,538     2,350     10 % Total maintenance products   189,744     150,402     39,342     26 %     495,473     435,226     60,247     14 % HCCP (5)   5,375     6,513     (1,138 )   (17 )%     15,740     21,288     (5,548 )   (26 )% Total $ 195,119   $ 156,915   $ 38,204     24 %   $ 511,213   $ 456,514   $ 54,699     12 % Net sales of maintenance products, the Company’s primary strategic focus, represented 97 percent of total net sales in the third quarter. Maintenance products increased 26 percent compared to the prior year quarter, primarily driven by higher sales of WD-40® Multi-Use Product in the United States, EIMEA and China. Net sales of homecare and cleaning products represented 3 percent of total net sales in the third quarter. Net sales of homecare and cleaning products decreased 17 percent compared to the prior year quarter. The Company completed the divestiture of its entire homecare and cleaning portfolio in the United Kingdom during the fourth quarter of fiscal year 2025. Sales related to these products were $1.1 million in the comparative period in the prior fiscal year. Dividend and Share Repurchase Update On June 15, 2026, the Board of Directors declared a quarterly cash dividend of $1.02 per share. The dividend is payable on July 31, 2026, to stockholders of record at the close of business on July 17, 2026. During the third quarter, the Company repurchased 31,250 shares at a total cost of $6.8 million. On June 15, 2026, WD-40 Company’s Board of Directors approved a new share repurchase program authorizing the repurchase of up to $100.0 million of the Company’s outstanding common stock. The program will become effective on September 1, 2026. Repurchases may be made from time to time based on market conditions and other factors, subject to applicable laws, regulations and the Company’s existing debt covenants. The program has no expiration date and may be modified, suspended or discontinued at any time at the discretion of the Board of Directors. Updated Fiscal Year 2026 Guidance The Company updated its fiscal year 2026 guidance to reflect the reclassification of its Americas homecare and cleaning brands from assets held for sale to assets held for use. The revised outlook includes approximately $12 million in net sales, $2.9 million in operating income, and $0.17 in diluted earnings per share associated with these brands. The Company also narrowed its guidance ranges to reflect year-to-date performance and its outlook for the remainder of the fiscal year. The Company's guidance is provided on a non-GAAP basis and excludes the one-time amortization catch-up expense of $1.3 million recorded in the third quarter of fiscal year 2026. For fiscal year 2026, the Company expects net sales, excluding the impact of foreign currency fluctuations, to be between $652 million and $667 million, representing growth of 6% to 9% compared with pro forma fiscal year 2025 net sales. Based on current exchange rates, reported net sales are expected to be between $675 million and $690 million, representing growth of 10 percent to 12 percent compared with pro forma fiscal year 2025 net sales. Gross margin is now expected to be between 54.5 percent and 55.5 percent. The revised outlook incorporates a 40-basis-point adjustment due to the reclassification of homecare and cleaning brands, along with an additional 60 basis points from higher-than-expected cost increases. The Company has implemented pricing actions and cost-saving initiatives, with the majority of the expected benefit anticipated in fiscal year 2027. Advertising and promotion investment is expected to remain approximately 6 percent of net sales. Non-GAAP operating income is expected to be between $107 million and $113 million, representing growth of 5 percent to 11 percent compared with pro forma fiscal year 2025 results. The provision for income tax is expected to be around 22.5 percent. Non-GAAP diluted earnings per share are expected to be between $6.05 and $6.35, based on an estimated 13.5 million weighted-average shares outstanding. This outlook represents growth of 6 percent to 11 percent compared with pro forma fiscal year 2025 results. This guidance is based on management's current expectations and estimates and is provided on a pro forma basis. Unanticipated inflationary pressures and other unforeseen events could materially affect the Company's financial results. Key assumptions include an average euro-to-U.S. dollar exchange rate of approximately 1.17 during the Company's fourth fiscal quarter. Net sales guidance presented on a constant currency basis assumes weighted-average fiscal year 2025 foreign currency exchange rates. Webcast Information As previously announced, WD-40 Company management will host a live webcast at approximately 2:00 p.m. PDT today to discuss these results. Other forward-looking and material information may also be discussed during this call. Please visit http://investor.wd40company.com for more information and to view supporting materials. About WD-40 Company WD-40 Company is 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. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, Spot Shot®, Lava®, Solvol®, X-14®, and Carpet Fresh®. Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $620.0 million in fiscal year 2025 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC.” For additional information about WD-40 Company please visit http://www.wd40company.com. Forward-Looking Statements Except for the historical information contained herein, this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect the Company’s current expectations with respect to currently available operating, financial and economic information. These forward-looking statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking statements. These forward-looking statements are generally identified with words such as “believe,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “aim,” “anticipate,” “target,” “estimate” and similar expressions. These forward-looking statements include, but are not limited to, discussions about future financial and operating results, including: expected benefits from any divestiture transaction; disruption to the parties’ business as a result of the announcement or completion of any divestiture transaction; the Company's ability to successfully complete any planned divestiture; expected timing for the closing of any divestitures; expected proceeds from any divestiture; the intended use of proceeds by the Company from any divestiture transaction; impact of any divestiture transaction on the Company's stock price or EPS; growth expectations for maintenance products; expected levels of promotional and advertising spending; anticipated input costs for manufacturing and the costs associated with distribution of our products; plans for and success of product innovation, the impact of new product introductions on the growth of sales; anticipated results from product line extension sales; expected tax rates and the impact of tax legislation and regulatory action; changes in the geopolitics and political conditions or relations between the United States and other nations; changes in trade policies and tariffs and the impact therefrom; the impacts from inflationary trends; the impacts from supply chain constraints and supply chain disruptions; changes in interest rates; and forecasted foreign currency exchange rates and commodity prices and specialty chemicals. The Company’s expectations, beliefs and forecasts are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that the Company’s expectations, beliefs or forecasts will be achieved or accomplished. All forward-looking statements reflect the Company’s expectations as of July 9, 2026. We undertake no obligation to revise or update any forward-looking statements. Actual events or results may materially differ from those projected in forward-looking statements due to various factors, including, but not limited to, those identified in Part I—Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2025 which the Company filed with the SEC on October 27, 2025, and in the Company’s Quarterly Report on Form 10-Q for the period ended May 31, 2026, which the Company expects to file with the SEC on July 9, 2026. Table Notes and General Definitions (1) The Americas segment consists of the U.S., Canada and Latin America. (2) The EIMEA segment consists of countries in Europe, India, the Middle East and Africa. (3) The Asia-Pacific segment consists of Australia, China and other countries in the Asia region. (4) The Company markets its other maintenance products under the GT85® and 3-IN-ONE® brand names. (5) The Company markets its homecare and cleaning products (“HCCP”) under the X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, Lava®, and Solvol® brand names. The Company completed the divestiture of its 1001® brands in the United Kingdom during the fourth quarter of fiscal year 2025. Sales related to these brands are included in fiscal year 2025 financial results but are not included in fiscal year 2026 financial results.   WD-40 COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited and in thousands, except share and per share amounts)     May 31,
2026   August 31,
2025 Assets       Current assets:       Cash and cash equivalents $ 59,137     $ 58,130   Trade and other accounts receivable, net   150,052       120,589   Inventories   80,932       79,871   Other current assets   14,581       26,366   Total current assets   304,702       284,956   Property and equipment, net   58,288       60,394   Goodwill   98,349       97,150   Other intangible assets, net   3,844       2,416   Right-of-use assets   16,797       13,534   Deferred tax assets, net   1,282       1,027   Other assets   16,564       16,332   Total assets $ 499,826     $ 475,809           Liabilities and Stockholders’ Equity       Current liabilities:       Accounts payable $ 35,732     $ 37,955   Accrued liabilities   33,899       34,230   Accrued payroll and related expenses   27,451       28,415   Short-term borrowings   15,335       800   Income taxes payable   2,380       857   Total current liabilities   114,797       102,257   Long-term borrowings   85,332       86,195   Deferred tax liabilities, net   8,865       9,375   Long-term operating lease liabilities   10,287       8,423   Other long-term liabilities   1,812       1,407   Total liabilities   221,093       207,657           Commitments and Contingencies       Stockholders’ equity:       Common stock — authorized 36,000,000 shares, $0.001 par value; 19,973,934 and 19,954,495 shares issued at May 31, 2026 and August 31, 2025, respectively; and 13,438,128 and 13,527,614 shares outstanding at May 31, 2026 and August 31, 2025, respectively   20       20   Additional paid-in capital   183,900       180,065   Retained earnings   568,344       540,665   Accumulated other comprehensive loss   (22,822 )     (24,485 ) Common stock held in treasury, at cost — 6,535,806 and 6,426,881 shares at May 31, 2026 and August 31, 2025, respectively   (450,709 )     (428,113 ) Total stockholders’ equity   278,733       268,152   Total liabilities and stockholders’ equity $ 499,826     $ 475,809     WD-40 COMPANY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited and in thousands, except per share amounts)     Three Months Ended May 31,   Nine Months Ended May 31,     2026       2025       2026       2025                   Net sales $ 195,119     $ 156,915     $ 511,213     $ 456,514   Cost of products sold   84,696       68,804       224,017       204,600   Gross profit   110,423       88,111       287,196       251,914                   Operating expenses:               Selling, general and administrative   56,687       51,541       166,805       151,054   Advertising and sales promotion   11,939       9,160       28,951       24,957   Amortization of definite-lived intangible assets   1,461       45       1,558       136   Total operating expenses   70,087       60,746       197,314       176,147                   Income from operations   40,336       27,365       89,882       75,767                   Other income (expense):               Interest income   156       104       489       358   Interest expense   (794 )     (887 )     (2,108 )     (2,781 ) Other income (expense), net   (127 )     880       (246 )     813   Income before income taxes   39,571       27,462       88,017       74,157   Provision for income taxes   9,355       6,485       20,032       4,404   Net income $ 30,216     $ 20,977     $ 67,985     $ 69,753                   Earnings per common share:               Basic $ 2.24     $ 1.54     $ 5.03     $ 5.13   Diluted $ 2.24     $ 1.54     $ 5.02     $ 5.13                   Shares used in per share calculations:               Basic   13,452       13,544       13,487       13,548   Diluted   13,481       13,567       13,512       13,570     WD-40 COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited and in thousands)     Nine Months Ended May 31,     2026       2025   Operating activities:       Net income $ 67,985     $ 69,753   Adjustments to reconcile net income to net cash provided by operating activities:       Depreciation and amortization   7,905       6,099   Amortization of cloud computing implementation costs   1,319       1,265   Deferred income taxes   (665 )     (86 ) Tax benefit from release of uncertain tax position   —       (11,929 ) Stock-based compensation   6,067       5,716   Unrealized foreign currency exchange (gains) losses   (431 )     348   Provision for credit losses   819       1,044   Write-off of inventories   1,398       693   Other   (112 )     (87 ) Changes in assets and liabilities:       Trade and other accounts receivable   (29,087 )     4,644   Inventories   1,330       (2,776 ) Other assets   3,144       (6,387 ) Operating lease assets and liabilities, net   (514 )     (17 ) Accounts payable and accrued liabilities   (5,073 )     (10,001 ) Accrued payroll and related expenses   (1,123 )     (205 ) Other long-term liabilities and income taxes payable   1,863       (94 ) Net cash provided by operating activities   54,825       57,980           Investing activities:       Purchases of property and equipment   (3,924 )     (3,177 ) Proceeds from sales of property and equipment   545       329   Net cash used in investing activities   (3,379 )     (2,848 )         Financing activities:       Treasury stock purchases   (22,546 )     (9,739 ) Dividends paid   (40,306 )     (37,504 ) Repayments of long-term senior notes   (800 )     (800 ) Net proceeds from revolving credit facility   14,535       1,605   Shares withheld to cover taxes upon settlement of equity awards   (2,232 )     (2,883 ) Net cash used in financing activities   (51,349 )     (49,321 ) Effect of exchange rate changes on cash and cash equivalents   910       (828 ) Net increase in cash and cash equivalents   1,007       4,983   Cash and cash equivalents at beginning of period   58,130       46,699   Cash and cash equivalents at end of period $ 59,137     $ 51,682     View source version on businesswire.com: https://www.businesswire.com/news/home/20260709317040/en/ Media and Investor Contact:
Wendy Kelley
Vice President, Stakeholder and Investor Engagement

CORRECTING and REPLACING WD-40® Brand Invites DIYers and Pros to Enter the 2026 Repair ChallengeJune 16, 2026 7:14 PM
Business Wire The WD-40 Brand Repair Challenge is back, celebrating creativity, craftsmanship and the power of a repair Headline of release dated June 15, 2026, should read: WD-40® Brand Invites DIYers and Pros to Enter the 2026 Repair Challenge (instead of WD-40® Brand Invites DIYers and Pros to Repair, Not Replace in 2026). The updated release reads: WD-40® BRAND INVITES DIYERS AND PROS TO ENTER THE 2026 REPAIR CHALLENGE The WD-40 Brand Repair Challenge is back, celebrating creativity, craftsmanship and the power of a repair After inspiring hundreds of doers, makers and fixers to repair the items they rely on every day, WD-40® Brand is bringing back its Repair Challenge – an open invitation for DIY enthusiasts and skilled professionals to demonstrate that choosing repair over replacement is achievable, powerful and creates a lasting impact. Now through Aug. 15, participants are encouraged to submit their most impressive repair for a chance to win a $5,000 grand prize. Whether it’s well-worn gear, trusted tools, broken down bikes, old cars, or everyday fixes, all repair projects are welcome. “Every repair tells a story. Some are quick fixes, but others take real ingenuity, creativity and grit. This challenge is designed to celebrate the people who keep things working longer while highlighting the economic and environmental benefits of repair in today’s throwaway culture,” said Felicia Reno, U.S. brand director at WD-40 Company. The grand prize winner will receive $5,000, with second place winner receiving $3,500 and third place winner receiving $2,000. Participants will also have the chance to win a $100 Lowe’s® gift card through weekly sweepstakes. Additional prizes will be awarded to: Four fourth-place winners: $500 Lowe’s gift card. Three fifth-place winners: $250 Lowe’s gift card. Thirteen sixth-place winners: Exclusive WD-40 Brand Carhartt® tool bags. The contest is open to U.S. residents from June 1 at 12 a.m. PT through Aug. 14, at 11:59 p.m. PT. Entries can be submitted at repair.wd40.com. No purchase necessary, subject to official rules. About WD-40® Brand WD-40 Brand offers more than 30 innovative, quality products to get the Job Done Right®. The same spirit of innovation for solving the toughest challenges, which led to the creation of the Classic WD-40® Multi-Use Product, also drove the brand to grow its family of offerings to include the WD-40 Specialist® line – best-in-class products that deliver superior performance for industry professionals. WD-40 Specialist products provide specialized, heavy-duty solutions in factories, facilities, automotive garages, and on farms around the world. The line consists of lubricants, penetrants, cleaners and degreasers, and rust-management solutions scientifically designed for the world’s toughest jobs. For additional information about WD-40 Brand products, please visit wd40.com. Carhartt® is a registered trademark of Carhartt, Inc. Lowe’s® is a registered trademark of Lowe’s Companies, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615752819/en/ Elle Seeler
Nuffer, Smith, Tucker
425-351-7426
eys@nstpr.com Original: CORRECTING and REPLACING WD-40® Brand Invites DIYers and Pros to Enter the 2026 Repair Challenge

WD-40 Company Declares Regular Quarterly Dividend and Schedules Third Quarter 2026 Earnings Conference CallJune 15, 2026 4:32 PM
Business Wire WD-40 Company (NASDAQ:WDFC) today announced that its board of directors declared on Monday, June 15, 2026, a quarterly dividend of $1.02 per share, payable July 31, 2026, to stockholders of record at the close of business on July 17, 2026. The Company also announced that it has scheduled its third quarter 2026 earnings conference call for Thursday, July 9, 2026, at 2:00 p.m. PDT. On this call, management will discuss financial results, business developments, and other matters affecting the Company. Other forward-looking or material information may also be discussed. A live webcast of the earnings conference call will be available on the Company’s investor relations website at http://investor.wd40company.com. The webcast will be archived and available on the website for a one-year period following the conference call. The Company’s quarterly earnings press release will cross the wire at approximately 1:05 p.m. PDT on July 9, 2026. Please visit the Company’s investor relations website to view the press release and other supporting materials. About WD-40 Company WD-40 Company is 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. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, Spot Shot®, Lava®, Solvol®, X-14®, and Carpet Fresh®. Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $620.0 million in fiscal year 2025 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC”. For additional information about WD-40 Company please visit http://www.wd40Company.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615215847/en/ Media and Investor Contact:
Wendy Kelley

WD-40® Brand Invites DIYers and Pros to Repair, Not Replace in 2026June 15, 2026 12:00 PM
Business Wire The WD-40 Brand Repair Challenge is back, celebrating creativity, craftsmanship and the power of a repair After inspiring hundreds of doers, makers and fixers to repair the items they rely on every day, WD-40® Brand is bringing back its Repair Challenge – an open invitation for DIY enthusiasts and skilled professionals to demonstrate that choosing repair over replacement is achievable, powerful and creates a lasting impact. Now through Aug. 15, participants are encouraged to submit their most impressive repair for a chance to win a $5,000 grand prize. Whether it’s well-worn gear, trusted tools, broken down bikes, old cars, or everyday fixes, all repair projects are welcome. “Every repair tells a story. Some are quick fixes, but others take real ingenuity, creativity and grit. This challenge is designed to celebrate the people who keep things working longer while highlighting the economic and environmental benefits of repair in today’s throwaway culture,” said Felicia Reno, U.S. brand director at WD-40 Company. The grand prize winner will receive $5,000, with second place winner receiving $3,500 and third place winner receiving $2,000. Participants will also have the chance to win a $100 Lowe’s® gift card through weekly sweepstakes. Additional prizes will be awarded to: Four fourth-place winners: $500 Lowe’s gift card. Three fifth-place winners: $250 Lowe’s gift card. Thirteen sixth-place winners: Exclusive WD-40 Brand Carhartt® tool bags. The contest is open to U.S. residents from June 1 at 12 a.m. PT through Aug. 14, at 11:59 p.m. PT. Entries can be submitted at repair.wd40.com. No purchase necessary, subject to official rules. About WD-40® Brand WD-40 Brand offers more than 30 innovative, quality products to get the Job Done Right®. The same spirit of innovation for solving the toughest challenges, which led to the creation of the Classic WD-40® Multi-Use Product, also drove the brand to grow its family of offerings to include the WD-40 Specialist® line – best-in-class products that deliver superior performance for industry professionals. WD-40 Specialist products provide specialized, heavy-duty solutions in factories, facilities, automotive garages, and on farms around the world. The line consists of lubricants, penetrants, cleaners and degreasers, and rust-management solutions scientifically designed for the world’s toughest jobs. For additional information about WD-40 Brand products, please visit wd40.com. Carhartt® is a registered trademark of Carhartt, Inc. Lowe’s® is a registered trademark of Lowe’s Companies, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20260615752819/en/ Elle Seeler
Nuffer, Smith, Tucker
425-351-7426
eys@nstpr.com Original: WD-40® Brand Invites DIYers and Pros to Repair, Not Replace in 2026

WD-40 Company Announces Executive Leadership AppointmentsJune 4, 2026 4:05 PM
Business Wire WD-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, announced today four executive leadership appointments as part of a planned transition to strengthen organizational alignment, support long-term strategic priorities, and ensure the continued growth and continuity of the business. Patricia Olsem will be appointed chief strategy and innovation officer, and Claudia Fenske will be appointed chief brand and marketing officer. These newly created roles are designed to enhance collaboration, accelerate innovation, and proactively harness AI and digital technologies to drive growth and advance the company’s long-term strategy. Olsem and Fenske will remain in their current roles through the end of fiscal year 2026, with a planned transition into their new positions in the first quarter of fiscal year 2027. Sara Hyzer, currently vice president, finance and chief financial officer, will be appointed president, Americas division. Hyzer will continue to serve in her current role during the transition and until a new chief financial officer has been appointed. In addition, effective June 29, 2026, Nicholas Giordano will be appointed vice president, corporate controller, and chief accounting officer, ensuring seamless continuity in the Company’s accounting and financial reporting functions. “At WD-40 Company, we take a thoughtful, long-term approach to building a strong and resilient business,” said Steve Brass, president and chief executive officer. “Ensuring we have the right structure and leadership in place is essential to support our continued success through 2030 and beyond. We are also deeply committed to developing our people and building leadership from within—an important part of creating an enduring Company we can be proud to pass on to the next generation.” Patricia Olsem has been with the Company since 2005 and currently serves as president, Americas division. She has held several leadership roles at WD-40 Company, including senior vice president and general manager, United States, and senior vice president, Americas innovation. Olsem holds a bachelor’s degree in marketing from King’s College and a master’s degree in executive leadership from the University of San Diego. Claudia Fenske has been with the Company since 2012 and currently serves as vice president, global brand and innovation. She has held various leadership roles at the Company, including sales director, United States, and sales and marketing director, Canada. Fenske holds a bachelor’s degree in law from the University of Mannheim and a master’s degree in international marketing and business from the University of San Diego. Sara Hyzer has been with the Company since 2021 and currently serves as vice president, finance and chief financial officer. She previously served as vice president, global finance strategy. Prior to joining WD-40 Company, Hyzer spent more than 20 years with PricewaterhouseCoopers LLP, where she served as an audit partner for the last six years. Hyzer holds a bachelor’s degree in accounting from Colorado State University. Nicholas Giordano has been with the Company since 2014 and currently serves as vice president, corporate controller. He has held several financial leadership roles at the Company, including global accounting controller and assistant corporate controller. Giordano holds a bachelor’s degree in accounting from the University of Redlands. About WD-40 Company WD-40 Company is 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. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, Spot Shot®, Lava®, Solvol®, X-14®, and Carpet Fresh®. Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $620.0 million in fiscal year 2025 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC”. For additional information about WD-40 Company please visit http://www.wd40Company.com. Forward-Looking Statements Except for the historical information contained herein, this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect the Company’s current expectations with respect to currently available operating, financial and economic information. These forward-looking statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking statements. These forward-looking statements are generally identified with words such as “believe,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “aim,” “anticipate,” “target,” “estimate” and similar expressions. These forward-looking statements include, but are not limited to, discussions about future financial and operating results, including: the Company’s ability to successfully manage the transition of responsibilities; the effectiveness of interim or newly appointed leadership; the retention of key personnel; potential disruption to financial reporting processes, internal controls over financial reporting, or external audit activities; the timing and completion of the appointment of a permanent Chief Financial Officer or Principal Accounting Officer; growth expectations for maintenance products; expected levels of promotional and advertising spending; anticipated input costs for manufacturing and the costs associated with distribution of our products; plans for and success of product innovation, the impact of new product introductions on the growth of sales; anticipated results from product line extension sales; expected tax rates and the impact of tax legislation and regulatory action; changes in the geopolitics and political conditions or relations between the United States and other nations; changes in trade policies and tariffs and the impact therefrom; the impacts from inflationary trends; the impacts from supply chain constraints and supply chain disruptions; changes in interest rates; and forecasted foreign currency exchange rates and commodity prices and specialty chemicals. The Company’s expectations, beliefs and forecasts are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that the Company’s expectations, beliefs or forecasts will be achieved or accomplished. All forward-looking statements reflect the Company’s expectations as of June 4, 2026. We undertake no obligation to revise or update any forward-looking statements. Actual events or results may materially differ from those projected in forward-looking statements due to various factors, including, but not limited to, those identified in Part I—Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2025 which the Company filed with the SEC on October 27, 2025, and in the Company’s Quarterly Report on Form 10-Q for the period ended February 28, 2026, which the Company filed with the SEC on April 9, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604597802/en/ Media and Investor Contact:
Wendy Kelley

WD-40 Company Reports Second Quarter 2026 Financial ResultsApril 9, 2026 4:05 PM
Business Wire
~ Maintenance product sales increased 13%, up 6% in constant currency ~


~ GAAP and non-GAAP EPS was $1.50; non-GAAP EPS increased 14% ~


~ Management reaffirms fiscal year 2026 guidance ~


WD-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 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. dollars had a favorable impact on net sales of approximately $9.3 million for the current quarter. On a non-GAAP constant currency basis, total net sales in the second quarter would have increased 4 percent to $152.4 million compared to the prior year fiscal quarter.



Maintenance product sales were $156.8 million, an increase of 13 percent compared to the prior year fiscal quarter. On a non-GAAP constant currency basis, maintenance product sales in the second quarter would have increased 6 percent compared to the prior year fiscal quarter.



Gross margin increased to 55.6 percent compared to 54.6 percent in the prior year fiscal quarter.



Selling, general, and administrative expenses were $54.8 million, up 12 percent compared to the prior year fiscal quarter.



Advertising and sales promotion expenses were $8.8 million, up 19 percent compared to the prior year fiscal quarter. These expenses accounted for 5.5 percent of total net sales, up from 5.1 percent in the prior year fiscal quarter.



Operating income was $26.3 million, an increase of 13 percent from the prior year fiscal quarter.



Net income was $20.3 million, a decrease of 32 percent from the prior year fiscal quarter. In the comparable period 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, non-GAAP adjusted net income increased $2.4 million, or 13 percent on a comparable basis.



Diluted earnings per share were $1.50 compared to $2.19 in the prior year fiscal quarter, a decrease of 32 percent. In the comparable period of fiscal year 2025, the Company released an uncertain tax position that generated a favorable income tax adjustment of $11.9 million(1) or $0.87 per share. Excluding this one-time benefit, non-GAAP adjusted diluted earnings per share was $1.32 compared to $1.50 in the current year fiscal quarter, an increase of 14 percent.



“We capitalized on strong momentum in the second quarter. Maintenance products remain our core strategic focus, and sales of these brands grew 6 percent in constant currency in the second quarter in line with our long-term growth expectations,” said Steve Brass, president and chief executive officer. “Gross margin also remained solidly within our expected guidance range for fiscal 2026, expanding 100 basis points in the quarter. Recent supply chain initiatives are supporting gross margin in the near term, giving us time to take mitigating actions as needed.


“Looking ahead, we have clear visibility into the second half of the fiscal year. In the United States, robust promotional activity is expected to drive high single-digit to low double-digit growth in the Americas this fiscal year. Alongside improving momentum in EIMEA and Asia-Pacific, this performance is expected to help mitigate uncertainty related to any global economic and geopolitical conditions that may impact other areas of the business. With a number of growth initiatives planned across the business and momentum building across all three trade blocs, we are confidently reaffirming our full-year fiscal 2026 guidance.”


Net Sales by Segment (in thousands):





Three Months Ended February 28,






 






Six Months Ended February 28,









2026






 






2025






 






Dollars






 






Change






 






2026






 






2025






 






Dollars






 






Change








Americas (2)






$






71,814






 






$






65,529






 






$






6,285






 






10






%






 






$






143,687






 






$






134,965






 






$






8,722






 






6






%








EIMEA (3)






 






64,869






 






 






59,575






 






 






5,294






 






9






%






 






 






123,544






 






 






117,058






 






 






6,486






 






6






%








Asia-Pacific (4)






 






24,988






 






 






21,000






 






 






3,988






 






19






%






 






 






48,863






 






 






47,576






 






 






1,287






 






3






%








Total






$






161,671






 






$






146,104






 






$






15,567






 






11






%






 






$






316,094






 






$






299,599






 






$






16,495






 






6






%







Second Quarter Highlights by Segment:


Americas



The Americas segment represented 44 percent of total net sales in the second quarter.



Total net sales in the Americas increased 10 percent compared to the prior year quarter, driven by an 11 percent increase in maintenance product sales. This growth was primarily attributable to higher sales of WD-40® Multi-Use Product in the United States, where net sales rose by $5.0 million or 15 percent. United States sales grew primarily from higher volumes at select customers and online retailers driven by increased promotional activity and expanded distribution, along with modest price increases implemented in the first quarter of fiscal 2026.



WD-40 Specialist® also contributed to the increase in maintenance product sales, with net sales up $1.3 million, or 17 percent, versus the prior year fiscal quarter, primarily due to increased distribution and enhanced product placement in the United States.



Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales in the Americas. On a non-GAAP constant currency basis, net sales in Americas would have been $70.6 million for the second quarter, reflecting an increase of 8 percent compared to the prior year fiscal quarter.



EIMEA



The EIMEA segment represented 40 percent of total net sales in the second quarter.



Total net sales in EIMEA increased 9 percent compared to the prior year quarter driven by a 12 percent increase in maintenance product sales. This growth was primarily attributable to favorable changes in foreign currency exchange rates. Sales volume growth in EIMEA direct markets was offset by volume declines in EIMEA distributor markets.



WD-40 Specialist® also contributed to the increase in maintenance product sales, with net sales up $1.2 million, or 14 percent versus the prior year fiscal quarter, primarily due to favorable changes in foreign currency exchange rates.



Higher maintenance product sales were also offset by a decline in homecare and cleaning product sales, which decreased by $1.5 million compared to the prior year quarter. The Company completed the divestiture of its homecare and cleaning portfolio in the United Kingdom during the fourth quarter of fiscal year 2025. As a result, the Company does not expect any future revenue from these brands.



Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had a favorable impact on net sales in EIMEA. On a non-GAAP constant currency basis, net sales in EIMEA would have been $57.5 million for the second quarter, reflecting a decline of 3 percent compared to the prior year fiscal quarter.



Asia-Pacific



The Asia-Pacific segment represented 16 percent of total net sales in the second quarter.



Total net sales in Asia-Pacific increased 19 percent compared to the prior year quarter, primarily due to a 21 percent increase in sales of maintenance products. This growth was primarily attributable to higher sales of WD-40® Multi-Use Product in China and the Company’s Asia distributor markets where net sales rose by 18 and 17 percent, respectively. In China, this growth was driven by the timing of promotional programs and expanded distribution. Distributor market growth benefited from successful promotional programs and a strong rebound following the normalization of inventory levels.



Net sales of WD-40 Specialist® increased 55 percent compared to the prior year quarter, driven primarily by strong sales in China supported by successful promotions and expanded distribution, particularly online and in the industrial channel.



Homecare and cleaning product sales, which remain a strategic focus for the Company in Australia, decreased 2 percent due to the timing of customer orders.



Translation of the Company’s foreign subsidiaries’ results from their functional currencies to U.S. dollars had an unfavorable impact on net sales in Asia-Pacific. On a non-GAAP constant currency basis, net sales in Asia-Pacific would have been $24.3 million for the second quarter, reflecting an increase of 16 percent compared to the prior year fiscal period.



Net Sales by Product Group (in thousands):





Three Months Ended February 28,






 






Six Months Ended February 28,









2026






 






2025






 






Dollars






 






Change






 






2026






 






2025






 






Dollars






 






Change








WD-40 Multi-Use Product






$






127,366






 






$






113,692






 






$






13,674






 






 






12






%






 






$






245,163






 






$






232,239






 






$






12,924






 






 






6






%








WD-40 Specialist






 






22,343






 






 






18,562






 






 






3,781






 






 






20






%






 






 






44,881






 






 






37,734






 






 






7,147






 






 






19






%








Other maintenance products (5)






 






7,125






 






 






7,063






 






 






62






 






 






1






%






 






 






15,685






 






 






14,851






 






 






834






 






 






6






%








Total maintenance products






 






156,834






 






 






139,317






 






 






17,517






 






 






13






%






 






 






305,729






 






 






284,824






 






 






20,905






 






 






7






%








HCCP (6)






 






4,837






 






 






6,787






 






 






(1,950






)






 






(29






)%






 






 






10,365






 






 






14,775






 






 






(4,410






)






 






(30






)%








Total






$






161,671






 






$






146,104






 






$






15,567






 






 






11






%






 






$






316,094






 






$






299,599






 






$






16,495






 






 






6






%








Net sales of maintenance products, the Company’s primary strategic focus, represented 97 percent of total net sales in the second quarter. Maintenance products increased 13 percent compared to the prior year quarter, primarily driven by higher sales of WD-40 Multi-Use Product in the United States, China and the Company’s Asia distributor markets.



Net sales of homecare and cleaning products represented 3 percent of total net sales in the second quarter. Net sales of homecare and cleaning products decreased 29 percent compared to the prior year quarter. The Company completed the divestiture of its entire homecare and cleaning portfolio in the United Kingdom during the fourth quarter of fiscal year 2025. Sales related to these products were $1.5 million in the comparative period in the prior fiscal year. The Company previously announced its intent to sell its homecare and cleaning product portfolios in the Americas.



Dividend and Share Repurchase Update



On March 16, 2026, the board of directors declared a quarterly cash dividend of $1.02 per share. The dividend is payable on April 30, 2026, to stockholders of record at the close of business on April 17, 2026.



On June 19, 2023, the board of directors approved a $50 million share repurchase plan, which became effective on September 1, 2023. On June 16, 2025, the board extended the plan’s expiration date to August 31, 2026.



The Company is authorized to acquire up to $50.0 million of its outstanding shares through the expiration date, of which $13.8 million remained available as of February 28, 2026.



During the second quarter, the Company repurchased 38,175 shares at a total cost of $8.0 million.



The timing and amount of share repurchases are determined by the Company’s chief executive officer and chief financial officer in accordance with loan covenants and applicable regulations. Management has recently accelerated repurchase activity and has indicated that the Company will fully utilize the remaining authorization during fiscal year 2026, reflecting confidence in the Company’s long-term fundamentals. 



Reaffirming Fiscal Year 2026 Guidance


The Company is reaffirming its previously issued fiscal year 2026 guidance. With strong visibility into the second half of the fiscal year, the Company remains confident in delivering solid full-year results within its guidance ranges. While the Company is closely monitoring ongoing geopolitical developments in the Middle East and acknowledges some variability in the near-term environment, full-year expectations remain intact. This guidance is presented on a pro-form basis, excluding the financial impact of the assets the Company expects to divest in fiscal year 2026.



Net sales growth from the 2025 pro forma results is projected to be between 5 and 9 percent with net sales expected to be between $630 million and $655 million after adjusting for foreign currency impacts.



Gross margin for the full year is expected to be between 55.5 and 56.5 percent.



Advertising and promotion investments are projected to be around 6 percent of net sales.



Operating income is projected to be between $103 million and $110 million. This range reflects anticipated growth of between 5 to 12 percent compared to 2025 pro forma results.



The provision for income tax is expected to be between 22.5 and 23.5 percent.



Diluted earnings per share is expected to be between $5.75 and $6.15 based on an estimated 13.4 million weighted average shares outstanding. This range reflects anticipated growth of between 5 to 12 percent compared to 2025 pro forma results.



This guidance is expressed in good faith and is based on management’s current view of anticipated results on a proforma basis. Unanticipated inflationary headwinds and other unforeseen events may further affect the Company’s financial results. Key assumptions include crude oil prices ranging between $95 and $115 per barrel and an average EUR/USD exchange rate of approximately 1.15 for the back half of the Company’s fiscal year. Net sales guidance presented on a currency adjusted basis use weighted average fiscal year 2025 foreign currency exchange rates. In the event the Company is unsuccessful in the divestiture of its homecare and cleaning brands in the Americas, its guidance would be positively impacted by approximately $12.5 million in net sales, approximately $3.6 million in operating income, and approximately $0.20 in diluted EPS for the full fiscal year.


Webcast Information


As previously announced, WD-40 Company management will host a live webcast at approximately 2:00 p.m. PDT today to discuss these results. Other forward-looking and material information may also be discussed during this call. Please visit http://investor.wd40company.com for more information and to view supporting materials.


About WD-40 Company


WD-40 Company is 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. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, Spot Shot®, Lava®, Solvol®, X-14®, and Carpet Fresh®.


Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $620.0 million in fiscal year 2025 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC.” For additional information about WD-40 Company please visit http://www.wd40company.com.


Forward-Looking Statements


Except for the historical information contained herein, this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect the Company’s current expectations with respect to currently available operating, financial and economic information. These forward-looking statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking statements. These forward-looking statements are generally identified with words such as “believe,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “aim,” “anticipate,” “target,” “estimate” and similar expressions.


These forward-looking statements include, but are not limited to, discussions about future financial and operating results, including: expected benefits from any divestiture transaction; disruption to the parties’ business as a result of the announcement or completion of any divestiture transaction; the Company's ability to successfully complete any planned divestiture; expected timing for the closing of any divestitures; expected proceeds from any divestiture; the intended use of proceeds by the Company from any divestiture transaction; impact of any divestiture transaction on the Company's stock price or EPS; growth expectations for maintenance products; expected levels of promotional and advertising spending; anticipated input costs for manufacturing and the costs associated with distribution of our products; plans for and success of product innovation, the impact of new product introductions on the growth of sales; anticipated results from product line extension sales; expected tax rates and the impact of tax legislation and regulatory action; changes in the geopolitics and political conditions or relations between the United States and other nations; changes in trade policies and tariffs and the impact therefrom; the impacts from inflationary trends; the impacts from supply chain constraints and supply chain disruptions; changes in interest rates; and forecasted foreign currency exchange rates and commodity prices and specialty chemicals.


The Company’s expectations, beliefs and forecasts are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that the Company’s expectations, beliefs or forecasts will be achieved or accomplished. All forward-looking statements reflect the Company’s expectations as of April 9, 2026. We undertake no obligation to revise or update any forward-looking statements.


Actual events or results may materially differ from those projected in forward-looking statements due to various factors, including, but not limited to, those identified in Part I—Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2025 which the Company filed with the SEC on October 27, 2025, and in the Company’s Quarterly Report on Form 10-Q for the period ended February 28, 2026, which the Company expects to file with the SEC on April 9, 2026.


Table Notes and General Definitions




(1)





 

This income tax benefit was the result of an uncertain tax position associated with the Tax Cuts and Jobs Act of 2017 mandatory “toll tax” on unremitted foreign earnings that was released in the second quarter of fiscal year 2025 due to the expiration of the statute of limitations. This item is infrequent in nature and not reflective of the underlying operational results of our business.








(2)





 

The Americas segment consists of the U.S., Canada and Latin America.








(3)





 

The EIMEA segment consists of countries in Europe, India, the Middle East and Africa.








(4)





 

The Asia-Pacific segment consists of Australia, China and other countries in the Asia region.








(5)





 

The Company markets its other maintenance products under the GT85® and 3-IN-ONE® brand names.








(6)





 

The Company markets its homecare and cleaning products (“HCCP”) under the X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, Lava®, and Solvol® brand names. The Company completed the divestiture of its 1001® brands in the United Kingdom during the fourth quarter of fiscal year 2025. Sales related to these brands are included in fiscal year 2025 financial results but are not included in fiscal year 2026 financial results.









WD-40 COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited and in thousands, except share and per share amounts)










 




February 28,

2026






 






August 31,

2025








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






50,348






 






 






$






58,130






 








Trade and other accounts receivable, net






 






121,235






 






 






 






120,589






 








Inventories






 






85,545






 






 






 






79,871






 








Other current assets






 






27,225






 






 






 






26,366






 








Total current assets






 






284,353






 






 






 






284,956






 








Property and equipment, net






 






58,968






 






 






 






60,394






 








Goodwill






 






97,293






 






 






 






97,150






 








Other intangible assets, net






 






2,447






 






 






 






2,416






 








Right-of-use assets






 






12,739






 






 






 






13,534






 








Deferred tax assets, net






 






1,272






 






 






 






1,027






 








Other assets






 






16,670






 






 






 






16,332






 








Total assets






$






473,742






 






 






$






475,809






 








 






 






 






 








Liabilities and Stockholders’ Equity






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






32,531






 






 






$






37,955






 








Accrued liabilities






 






32,856






 






 






 






34,230






 








Accrued payroll and related expenses






 






19,844






 






 






 






28,415






 








Short-term borrowings






 






15,157






 






 






 






800






 








Income taxes payable






 






244






 






 






 






857






 








Total current liabilities






 






100,632






 






 






 






102,257






 








Long-term borrowings






 






86,051






 






 






 






86,195






 








Deferred tax liabilities, net






 






9,180






 






 






 






9,375






 








Long-term operating lease liabilities






 






7,467






 






 






 






8,423






 








Other long-term liabilities






 






1,457






 






 






 






1,407






 








Total liabilities






 






204,787






 






 






 






207,657






 








 






 






 






 








Commitments and Contingencies






 






 






 








Stockholders’ equity:






 






 






 








Common stock — authorized 36,000,000 shares, $0.001 par value; 19,973,928 and 19,954,495 shares issued at February 28, 2026 and August 31, 2025, respectively; and 13,469,372 and 13,527,614 shares outstanding at February 28, 2026 and August 31, 2025, respectively






 






20






 






 






 






20






 








Additional paid-in capital






 






182,433






 






 






 






180,065






 








Retained earnings






 






551,890






 






 






 






540,665






 








Accumulated other comprehensive loss






 






(21,440






)






 






 






(24,485






)








Common stock held in treasury, at cost — 6,504,556 and 6,426,881 shares at February 28, 2026 and August 31, 2025, respectively






 






(443,948






)






 






 






(428,113






)








Total stockholders’ equity






 






268,955






 






 






 






268,152






 








Total liabilities and stockholders’ equity






$






473,742






 






 






$






475,809






 









WD-40 COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited and in thousands, except per share amounts)










 




Three Months Ended February 28,






 






Six Months Ended February 28,









2026






 






2025






 






2026






 






2025








 






 






 






 






 






 






 






 








Net sales






$






161,671






 






 






$






146,104






 






 






$






316,094






 






 






$






299,599






 








Cost of products sold






 






71,730






 






 






 






66,388






 






 






 






139,321






 






 






 






135,796






 








Gross profit






 






89,941






 






 






 






79,716






 






 






 






176,773






 






 






 






163,803






 








 






 






 






 






 






 






 






 








Operating expenses:






 






 






 






 






 






 






 








Selling, general and administrative






 






54,782






 






 






 






48,988






 






 






 






110,118






 






 






 






99,513






 








Advertising and sales promotion






 






8,823






 






 






 






7,404






 






 






 






17,012






 






 






 






15,797






 








Amortization of definite-lived intangible assets






 






48






 






 






 






44






 






 






 






97






 






 






 






91






 








Total operating expenses






 






63,653






 






 






 






56,436






 






 






 






127,227






 






 






 






115,401






 








 






 






 






 






 






 






 






 








Income from operations






 






26,288






 






 






 






23,280






 






 






 






49,546






 






 






 






48,402






 









 






 






 






 






 






 






 








Other income (expense):






 






 






 






 






 






 






 








Interest income






 






154






 






 






 






106






 






 






 






333






 






 






 






254






 








Interest expense






 






(666






)






 






 






(1,021






)






 






 






(1,314






)






 






 






(1,894






)








Other income (expense), net






 






78






 






 






 






74






 






 






 






(119






)






 






 






(67






)








Income before income taxes






 






25,854






 






 






 






22,439






 






 






 






48,446






 






 






 






46,695






 








Provision (benefit) for income taxes






 






5,536






 






 






 






(7,412






)






 






 






10,677






 






 






 






(2,081






)








Net income






$






20,318






 






 






$






29,851






 






 






$






37,769






 






 






$






48,776






 








 






 






 






 






 






 






 






 








Earnings per common share:






 






 






 






 






 






 






 








Basic






$






1.50






 






 






$






2.20






 






 






$






2.79






 






 






$






3.59






 








Diluted






$






1.50






 






 






$






2.19






 






 






$






2.78






 






 






$






3.58






 








 






 






 






 






 






 






 






 








Shares used in per share calculations:






 






 






 






 






 






 






 








Basic






 






13,484






 






 






 






13,552






 






 






 






13,504






 






 






 






13,550






 








Diluted






 






13,508






 






 






 






13,572






 






 






 






13,529






 






 






 






13,572






 









WD-40 COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited and in thousands)








 




Six Months Ended February 28,









2026






 






2025








Operating activities:






 






 






 








Net income






$






37,769






 






 






$






48,776






 








Adjustments to reconcile net income to net cash provided by operating activities:






 






 






 








Depreciation and amortization






 






4,475






 






 






 






4,062






 








Amortization of cloud computing implementation costs






 






912






 






 






 






835






 








Deferred income taxes






 






(347






)






 






 






308






 








Tax benefit from release of uncertain tax position






 






—






 






 






 






(11,929






)








Stock-based compensation






 






4,600






 






 






 






4,091






 








Unrealized foreign currency exchange gains






 






(277






)






 






 






(658






)








Provision for credit losses






 






664






 






 






 






978






 








Write-off of inventories






 






868






 






 






 






588






 








Other






 






(92






)






 






 






(51






)








Changes in assets and liabilities:






 






 






 








Trade and other accounts receivable






 






644






 






 






 






1,536






 








Inventories






 






(6,622






)






 






 






(8,509






)








Other assets






 






(866






)






 






 






(9,071






)








Operating lease assets and liabilities, net






 






(225






)






 






 






26






 








Accounts payable and accrued liabilities






 






(7,787






)






 






 






(38






)








Accrued payroll and related expenses






 






(8,831






)






 






 






(8,400






)








Other long-term liabilities and income taxes payable






 






(604






)






 






 






364






 








Net cash provided by operating activities






 






24,281






 






 






 






22,908






 









 






 






 








Investing activities:






 






 






 








Purchases of property and equipment






 






(2,710






)






 






 






(2,057






)








Proceeds from sales of property and equipment






 






368






 






 






 






257






 








Net cash used in investing activities






 






(2,342






)






 






 






(1,800






)









 






 






 








Financing activities:






 






 






 








Treasury stock purchases






 






(15,835






)






 






 






(6,698






)








Dividends paid






 






(26,544






)






 






 






(24,738






)








Repayments of long-term senior notes






 






(400






)






 






 






(400






)








Net proceeds from revolving credit facility






 






14,357






 






 






 






22,086






 








Shares withheld to cover taxes upon settlement of equity awards






 






(2,232






)






 






 






(2,883






)








Net cash used in financing activities






 






(30,654






)






 






 






(12,633






)








Effect of exchange rate changes on cash and cash equivalents






 






933






 






 






 






(2,179






)








Net (decrease) increase in cash and cash equivalents






 






(7,782






)






 






 






6,296






 








Cash and cash equivalents at beginning of period






 






58,130






 






 






 






46,699






 








Cash and cash equivalents at end of period






$






50,348






 






 






$






52,995






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260409222233/en/
Media and Investor Contact:

Wendy Kelley

Vice President, Stakeholder and Investor Engagement

investorrelations@wd40.com

+1-619-275-9304


Original: WD-40 Company Reports Second Quarter 2026 Financial Results