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WD-40 Company Message Board

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  • Reply to

    4th Quarter and year end results

    by drmicrocaps Oct 31, 2011 11:01 AM

    WD-40 Company Reports Fourth Quarter and Fiscal Year 2014 Financial Results

    Company reports diluted earnings per common share of $2.87 for fiscal year 2014
    Management issues guidance for fiscal year 2015

    WD-40 Company
    October 16, 2014 4:05 PM

    SAN DIEGO, Oct. 16, 2014 /PRNewswire/ -- WD-40 Company (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 fiscal fourth quarter and fiscal year ended August 31, 2014.

    Financial Highlights and Summary
    •Total net sales for the fourth quarter were $97.6 million, an increase of 4 percent compared to the prior year fiscal quarter. Fiscal year total net sales were $383.0 million, an increase of 4 percent from the prior fiscal year.
    •Changes in foreign currency exchange rates had a favorable impact on sales for both the current quarter and year-to-date. On a constant currency basis total net sales were $93.9 million for the fourth quarter and $377.7 million for the full fiscal year.
    •Net income for the fourth quarter was $11.5 million, an increase of 42 percent compared to the prior year fiscal quarter. Fiscal year net income was $43.7 million, an increase of 10 percent from the prior fiscal year.
    •Diluted earnings per share were $0.77 in the fourth quarter, compared to $0.53 per share for the prior year fiscal quarter. Fiscal year diluted earnings per share were $2.87 compared to $2.54 in the prior fiscal year.
    •Gross margin was 52.7 percent in the fourth quarter compared to 53.0 percent in the prior year fiscal quarter. Fiscal year gross margin was 51.9 percent, compared to 51.3 percent in the prior fiscal year.
    •Selling, general and administrative expenses were down 4 percent in the fourth quarter to $28.3 million and were up 4 percent year-to-date to $108.6 million

    Sentiment: Hold

  • Mentioned on Thursday as undervalued small cap along with BRO by Bryant VanCronkhite of Wells Fargo Capital Management. "VanCronkhite also said that the market was mispricing the company's free cash flow, 'and the balance sheet has extreme flexibility that the market really doesn't give credit for,' both in the near-term and long-term."

  • Reply to

    WDFC is so overpriced...

    by buybackerer Jul 10, 2014 12:51 PM

    Looks like a Buffett type company to me.

WDFC
74.78+0.52(+0.70%)9:30 AMEDT

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