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May 31, 2020
WD-40 Q3 2020 Earnings Report
WD-40 Company reported a decrease in net sales and diluted EPS for Q3 2020 due to COVID-19 disruptions.
Key Takeaways
WD-40 Company's Q3 2020 results were impacted by the COVID-19 pandemic, leading to a 14% decrease in net sales and a 20% decrease in net income compared to the prior year. Diluted EPS decreased to $1.06 from $1.30 in the prior year fiscal quarter. Despite these challenges, the company adapted to the situation and maintained its performance.
Total net sales for the third quarter decreased by 14% to $98.2 million due to COVID-19 disruptions.
Net income for the third quarter was $14.5 million, a 20% decrease compared to the prior year.
Diluted earnings per share were $1.06, down from $1.30 in the prior year fiscal quarter.
Gross margin was 54.0% compared to 54.5% in the prior year fiscal quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The global health crisis is not over yet, the company maneuvered through the immediate crisis very well. The company has always had a very clear strategy with very clear targets enabled by an enviable culture. What this crisis has required the company to do is pause, reset, and become even more laser-focused on how the company will achieve its growth aspirations
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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