WD-40 Q3 2021 Earnings Report
Key Takeaways
WD-40 Company reported strong third-quarter results, with record net sales of $136.4 million, a 39% increase compared to the prior year fiscal quarter. Diluted earnings per share were $1.52, up from $1.06 in the prior year fiscal quarter. The company raised its full-year revenue expectations to a range of $475 million to $490 million.
Total net sales for the third quarter increased by 39 percent compared to the prior year fiscal quarter.
Net income for the third quarter increased by 45 percent compared to the prior year fiscal quarter.
Diluted earnings per share were $1.52 in the third quarter, compared to $1.06 per share for the prior year fiscal quarter.
The company expects net sales to grow in the mid to high single digits.
WD-40
WD-40
WD-40 Revenue by Segment
WD-40 Revenue by Geographic Location
Forward Guidance
WD-40 Company increased its revenue expectations and believes that net sales are likely to be in a range of between $475 million to $490 million for the full fiscal year which reflects year-over-year sales growth of between 16 and 20 percent. They expect consolidated net sales to grow in the mid to high single digits as things get back to normal post the pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income