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Aug 31, 2023
WD-40 Q4 2023 Earnings Report
WD-40 Company reported an 8 percent increase in total net sales for the fourth quarter, reaching $140.5 million, and net income increased by 12 percent compared to the prior year fiscal quarter.
Key Takeaways
WD-40 Company reported financial results for the fourth quarter and fiscal year ended August 31, 2023. Total net sales for the fourth quarter were $140.5 million, an increase of 8 percent compared to the prior year fiscal quarter. Net income for the fourth quarter was $16.6 million, an increase of 12 percent compared to the prior year fiscal quarter. Diluted earnings per share were $1.21 in the fourth quarter compared to $1.08 in the prior year fiscal quarter.
Total net sales for the fourth quarter were $140.5 million, an increase of 8 percent compared to the prior year fiscal quarter.
Net income for the fourth quarter was $16.6 million, an increase of 12 percent compared to the prior year fiscal quarter.
Diluted earnings per share were $1.21 in the fourth quarter compared to $1.08 in the prior year fiscal quarter.
Gross margin was 51.4 percent in the fourth quarter compared to 47.4 percent in the prior year fiscal quarter.
WD-40
WD-40
WD-40 Revenue by Segment
WD-40 Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEIMEA Revenue
CapyFin.comAsia-Pacific Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEIMEA Revenue
CapyFin.comAsia-Pacific Revenue
CapyFin.com Forward Guidance
The Company is providing guidance for fiscal year 2024 as follows: Net sales growth is projected to be between 6 and 12 percent with net sales expected to be between $570 million and $600 million on a non-GAAP constant currency basis. Gross margin for the full year is expected to be between 51 and 53 percent. Advertising and promotion investments are projected to be between 5 and 6 percent of net sales. The provision for income tax is expected to be between 24 and 25 percent. Net income is projected to be between $65 million and $70 million. Diluted earnings per share is expected to be between $4.78 and $5.15 based on an estimated 13.6 million weighted average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income