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WD-40 Company Reports Fourth Quarter and Fiscal Year 2026 Financial Results

WDFC
  • WD-40 Company reported fiscal year 2026 net sales of $688.0 million, an 11% increase from the prior year.
  • Net sales of maintenance products grew 13% to $665.9 million for the full fiscal year 2026.
  • The company's gross margin improved to 55.3% for the full year, compared to 55.1% in fiscal 2025.
  • Operating income for fiscal 2026 increased 5% to $108.9 million.
  • Net income decreased 10% to $82.3 million due to a favorable $11.9 million income tax adjustment in the prior year.
  • Fourth quarter fiscal 2026 net sales rose 8% to $176.8 million, with maintenance product sales up 9%.
  • Gross margin for the fourth quarter decreased to 52.8% due to higher input costs for specialty chemicals.
  • The Americas segment contributed 46% of fourth-quarter sales, growing 5% driven by Latin American distributor markets.
  • The EIMEA segment grew 10% in the fourth quarter, with maintenance products now representing 100% of its sales following a 2025 divestiture.
  • The Asia-Pacific segment increased 13% in the fourth quarter, led by strong growth in China.
  • The Board declared a quarterly cash dividend of $1.02 per share, payable on October 30, 2026.
  • The company repurchased 30,895 shares for $7.0 million during the fourth quarter under a $100 million authorization.
  • Fiscal 2027 guidance projects net sales growth of 4% to 7%, with diluted EPS expected between $6.40 and $6.70.
  • Management anticipates gross margin improvement in the first quarter of fiscal 2027 following the fourth quarter low point.