WD-40 (NASDAQ:WDFC) Issues Earnings Results, Beats Estimates By $0.75 EPS

WD-40 (NASDAQ:WDFC) posted its earnings results on Thursday. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75, FiscalAI reports. The company had revenue of $195.12 million during the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 earnings per share. WD-40 updated its FY 2026 guidance to 6.050-6.350 EPS.

Here are the key takeaways from WD-40’s conference call:

• WD-40 reported third-quarter net sales of $195.1 million, up 24% year over year, with maintenance products setting a new company record and benefiting from strong performance in all three regions.
• Operating leverage was strong: operating income rose 47% and adjusted EBITDA margin expanded to 23%, reflecting higher revenue flowing through to profitability.
• Management said gross margin remained high at 56.6%, but expects temporary pressure from higher input costs tied to Middle East disruption, with most pricing and cost actions expected to help in fiscal 2027.
• The company’s Must Win Battles continued to perform well, including double-digit growth in geographic expansion, premiumized products, WD-40 Specialist, and e-commerce, with a new bio-based lubricant launch showing early promise in Europe.
• WD-40 is no longer actively marketing the Americas Home Care and Cleaning brands and has reclassified them as held for use, while also introducing a new enduring business model that targets faster EBITDA growth than revenue and supports long-term returns.

WD-40 Trading Down 2.9%

Shares of WD-40 stock opened at $239.42 on Friday. The firm has a 50-day simple moving average of $218.83 and a two-hundred day simple moving average of $218.91. The company has a market cap of $3.22 billion, a P/E ratio of 40.72 and a beta of 0.26. WD-40 has a fifty-two week low of $175.38 and a fifty-two week high of $253.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.98 and a current ratio of 2.83.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. WD-40’s payout ratio is presently 69.39%.

WD-40 News Summary

Here are the key news stories impacting WD-40 this week:

• Positive Sentiment: WD-40 beat quarterly expectations with EPS of $2.33 versus the $1.58 consensus, while revenue of $195.1 million also topped estimates, helping drive bullish sentiment. WD-40 Company Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company raised FY 2026 outlook, guiding EPS to $6.05-$6.35 and revenue to $675 million-$690 million, both above Wall Street expectations. WD-40 earnings and guidance update
• Positive Sentiment: Management highlighted robust sales growth, with quarterly revenue up 24.3% year over year, suggesting strong demand for the company’s core products. WD-40 Co (WDFC) Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Commentary around “AI isn’t everything” and the company’s old-fashioned product strength is helping frame the move, but it is more narrative than a direct fundamental driver. WD-40 Stock Surges After Earnings Show AI Isn’t Everything
• Neutral Sentiment: Some articles also note the company is shifting homecare brands to “held for use,” which appears to be a portfolio-management item rather than a major stock-moving development. WD-40 outlines FY 2026 reported net sales

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WDFC shares. Weiss Ratings cut WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. DA Davidson dropped their target price on WD-40 from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, April 10th. William Blair began coverage on WD-40 in a research report on Monday, April 6th. They set an “outperform” rating for the company. Finally, Northcoast Research raised WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $270.00.

Institutional Investors Weigh In On WD-40

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in WD-40 by 3.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,829 shares of the specialty chemicals company’s stock worth $360,000 after purchasing an additional 59 shares during the period. Advisors Asset Management Inc. increased its position in shares of WD-40 by 26.0% in the fourth quarter. Advisors Asset Management Inc. now owns 359 shares of the specialty chemicals company’s stock valued at $71,000 after buying an additional 74 shares in the last quarter. Inspire Investing LLC raised its stake in shares of WD-40 by 3.5% during the 4th quarter. Inspire Investing LLC now owns 2,366 shares of the specialty chemicals company’s stock worth $466,000 after buying an additional 81 shares during the period. M&T Bank Corp raised its stake in shares of WD-40 by 7.1% during the 2nd quarter. M&T Bank Corp now owns 1,349 shares of the specialty chemicals company’s stock worth $308,000 after buying an additional 89 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of WD-40 by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company’s stock valued at $385,000 after buying an additional 98 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.