WD-40 Q3 net sales rise 9% to $155.0 million; fiscal 2024 guidance reiterated
WD-40 Company reported results for its third fiscal quarter ended May 31, 2024, with net sales of $155.0 million, up 9 percent from the prior year quarter. Net income rose 5 percent to $19.8 million, and diluted earnings per share were $1.46 compared with $1.38, while the company reiterated its fiscal 2024 guidance. The CFO said the company expects to finish the fiscal year closer to the upper end of its gross margin range.
Key points
- Net sales were $155.0 million, up 9 percent; maintenance product sales were $147.2 million, up 10 percent.
- Gross margin was 53.1 percent compared with 50.6 percent in the prior year quarter.
- Selling, general and administrative expenses rose 19 percent to $45.6 million, and advertising and sales promotion rose 22 percent to $9.3 million.
- Fiscal 2024 guidance reiterated: net income of $67.7 million to $71.8 million and diluted earnings per share of $5.00 to $5.30.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 10, 2024.
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