WD-40 beats Q2 adjusted EPS estimates, maintains 2026 sales forecast

WD-40 Co

09/04/2026 21:16

Overview

U.S. maintenance products maker's fiscal Q2 sales rose 11% yr/yr, adjusted EPS up 14%

Adjusted EPS for fiscal Q2 beat analyst expectations

Company reaffirmed full-year 2026 guidance

Company repurchased $8 mln in shares, plans to complete $50 mln buyback in fiscal 2026

Outlook

WD-40 reaffirms fiscal 2026 net sales guidance of $630 mln to $655 mln

Company expects fiscal 2026 diluted EPS between $5.75 and $6.15

WD-40 projects fiscal 2026 gross margin of 55.5% to 56.5%

Result Drivers

MAINTENANCE PRODUCT SALES - Higher sales of WD-40 Multi-Use Product in the U.S., China, and Asia distributor markets drove overall growth

PROMOTIONAL ACTIVITY & DISTRIBUTION - Increased promotional activity and expanded distribution in the U.S. and China supported sales growth

FAVORABLE CURRENCY IMPACT - Foreign currency translation added $9.3 mln to net sales, boosting reported growth

Company press release: ID:nBw1WvsC7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$161.7 mln
$154.43 mln (2 Analysts)
Q2 Adjusted EPS
Beat
$1.50
$1.41 (3 Analysts)
Q2 EPS
$1.50
Q2 Net Income
$20.30 mln
Q2 Gross Margin
55.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the household products peer group is "buy"

Wall Street's median 12-month price target for WD-40 Co is $298.45, about 36.1% above its April 8 closing price of $219.32

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)