Overview
WD-40 fiscal Q3 net sales rise 1% but miss analyst expectations, per LSEG data
Company's maintenance product sales up 2% due to growth in U.S., Asia-Pacific
Diluted EPS for fiscal Q3 beats analyst expectations, per LSEG data
Household products maker raises operating income and EPS guidance for fiscal 2025
Outlook
WD-40 projects fiscal 2025 net sales between $600 mln and $620 mln
Company expects fiscal 2025 gross margin between 55% and 56%
WD-40 anticipates fiscal 2025 EPS between $5.30 and $5.60
Result Drivers
GROSS MARGIN IMPROVEMENT - Co reports gross margin rose to 56.2%, up from 53.1% last year
MAINTENANCE PRODUCT SALES - Sales increased 2% driven by growth in U.S. and Asia-Pacific regions
CURRENCY IMPACT - Unfavorable currency translation impacted net sales by approximately $1.6 million
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$156.90 mln
$160.60 mln (1 Analyst)
Q3 EPS
Beat
$1.54
$1.42 (2 Analysts)
Q3 Net Income
$21 mln
Q3 Gross Margin
56.2%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 $296.00, about 22.4% above its July 9 closing price of $229.73
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 42 three months ago
Press Release: ID:nBw5vwC3ca
(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.)