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Nov 30, 2020
WD-40 Q1 2021 Earnings Report
WD-40 Company's first quarter of 2021 financial results were reported with net sales increasing by 26% and diluted EPS at $1.72.
Key Takeaways
WD-40 Company reported a strong start to fiscal year 2021, with a 26% increase in net sales compared to the prior year fiscal quarter, driven primarily by increased demand for maintenance and cleaning products due to renovation trends associated with the pandemic. Diluted earnings per share increased to $1.72, and net income rose by 94% compared to the same quarter last year.
Total net sales increased by 26% compared to the prior year fiscal quarter, reaching $124.6 million.
Net income increased by 94% from the prior year fiscal quarter, reaching $23.6 million.
Diluted earnings per share were $1.72 compared to $0.88 in the prior year fiscal quarter.
Gross margin percentage increased to 56.4 percent compared to 54.3 percent in the prior year fiscal quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For fiscal year 2021, total net sales are expected to be between $435 million and $470 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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