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WD-40 Company Message Board

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    • WD-40 Company Reports Second Quarter 2015 Financial Results
      ~ Second quarter net sales of multi-purpose maintenance products grew 3 percent period-over-period
      ~~ Management updates previously issued guidance in view of current foreign currency exchange conditions
      PR Newswire WD-40 Company
      10 hours ago
      
      SAN DIEGO, April 8, 2015 /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 second fiscal quarter ended February 28, 2015.

      Financial Highlights and Summary

      Total net sales for the second quarter were $97.3 million, an increase of 3 percent compared to the prior year fiscal quarter. Year-to-date total net sales were $193.7 million, an increase of 2 percent from the prior year fiscal period.
      Translation of the Company's foreign subsidiary results to U.S. dollars had an unfavorable impact on sales for the current quarter and year to date. On a constant currency basis total net sales would have been $100.6 million for the second quarter and $196.3 million year to date.
      Net income for the second quarter was $11.3 million, an increase of 10 percent compared to the prior year fiscal quarter. Year-to-date net income was $22.1 million, an increase of 1 percent from the prior year fiscal period.
      Diluted earnings per share were $0.76 in the second quarter, compared to $0.67 per share for the prior year fiscal quarter. Year-to-date diluted earnings per share were $1.49 compared to $1.41 in the prior year fiscal period.
      Gross margin was 52.6 percent in the second quarter compared to 51.6 percent in the prior year fiscal quarter. Year-to-date gross margin was 52.1 percent compared to 51.8 percent in the prior year fiscal period.

      Sentiment: Hold

    • WD-40 Company Reports Second Quarter 2014 Sales And Earnings
      PR Newswire WD-40 Company
      April 8, 2014 4:00 PM
      SAN DIEGO, April 8, 2014 /PRNewswire/ -- WD-40 Company (WDFC) today reported net sales for the second quarter ended February 28, 2014 of $94.2 million, an increase of 9% from the second quarter last fiscal year. Year-to-date net sales were $189.7 million, up 4% from the same period last fiscal year.

      Net income for the second quarter was $10.3 million, a decrease of 1% compared to the prior year fiscal quarter. Year-to-date net income was $21.8 million, an increase of 2% from the prior fiscal year period.

      Summary

      Second quarter multi-purpose maintenance products sales, which include the WD-40® and 3-IN-ONE® brands were $83.8 million, up 11% from the prior year fiscal quarter, and $167.8 million year-to-date, up 7% from the same period last fiscal year. The multi-purpose maintenance products are considered a primary focus for the Company. Homecare and cleaning products sales, which include all other brands, were $10.4 million for the second quarter, down 8%, and were $21.9 million year-to-date, down 11%, both as compared to the prior fiscal year periods. The U.S. homecare and cleaning products are considered harvest brands providing healthy profit returns to the Company and are becoming a smaller part of the business as the multi-purpose maintenance products sales grow.

      Americas segment sales in the second quarter were $45.2 million, up 12% and were $89.3 million year-to-date, up 4% compared to the same periods last fiscal year period. The Europe, Middle East, Africa and India ("EMEA") segment sales in the second quarter were $38.1 million, up 16% from the prior year fiscal quarter and were $74.6 million, up 9% compared to the prior fiscal year period. Asia-Pacific segment sales were $10.9 million in the second quarter, down 21% and were $25.8 million year-to-date, down 8% compared to the same periods last fiscal year.

      Sentiment: Hold

    • WD-40 Company Reports Second Quarter 2013 Sales And Earnings
      SAN DIEGO, April 4, 2013 -- WD-40 Company (WDFC) today reported net sales for the second quarter ended February 28, 2013 of $86.7 million, an increase of 1% from the second quarter last fiscal year. Year-to-date net sales were $182.0 million, up 6% from the same period last fiscal year.

      Net income for the second quarter was $10.5 million, a decrease of 1% compared to the prior year fiscal quarter. Year-to-date net income was $21.4 million, an increase of 23% from the prior fiscal year period.

      Summary

      Second quarter multi-purpose maintenance products sales, which include the WD-40®, 3-IN-ONE® and BLUE WORKS® brands were $75.4 million, up 6% from the prior year fiscal quarter, and $157.2 million year-to-date, up 11% from the same period last fiscal year. The multi-purpose maintenance products are considered a primary focus for the Company. Homecare and cleaning products sales, which include all other brands, were $11.3 million for the second quarter, down 23%, and were $24.8 million year-to-date, down 14%, both as compared to the prior fiscal year periods. The U.S. homecare and cleaning products are considered harvest brands providing healthy profit returns to the Company and are becoming a smaller part of the business as the multi-purpose maintenance products sales grow.

      Americas segment sales in the second quarter were $40.2 million, down 13% compared to the second quarter last fiscal year and were $85.6 million year-to-date, down 1% compared to the prior fiscal year period. Europe segment sales in the second quarter were $32.4 million, up 16% and were $67.6 million year-to-date, also up 16% compared to the same periods last fiscal year. Asia-Pacific segment sales were $14.1 million in the second quarter

      Sentiment: Hold

 
WDFC
111.97-1.03(-0.91%)Sep 29 4:00 PMEDT