Every material Form 8-K WD-40 filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
WD-40 reported fourth-quarter fiscal 2024 net sales of $156.0 million, up 11%, and diluted EPS of $1.23 versus $1.21 a year earlier. It also issued fiscal 2025 guidance on a pro forma basis that excludes homecare and cleaning brands it expects to divest, and said it expects that divestiture to close in the first half of fiscal 2025.
Q4 net sales $156.0 million, up 11%; net income $16.8 million, up 1%; diluted EPS $1.23 vs. $1.21
Fiscal 2024 net sales $590.6 million, up 10%; net income $69.6 million; diluted EPS $5.11 vs. $4.83
FY2025 guidance: net sales $600 million to $630 million on a constant currency basis; operating income $95 million to $100 million; diluted EPS $5.20 to $5.45
Board declared a $0.88 per share quarterly dividend payable October 31, 2024 to holders of record on October 18, 2024
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.
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.
WD-40 Company said non-executive Chair Gregory A. Sandfort will retire from the board at the 2024 Annual Meeting, scheduled for December 12, 2024, and that the board will be reduced from 11 to 10 directors. The company also adopted amended bylaws effective June 17, 2024, and the board intends to appoint independent director Eric P. Etchart as non-executive chair after the meeting.
Gregory A. Sandfort notified the board on June 17, 2024 of his retirement, effective at the 2024 Annual Meeting on December 12, 2024
Board size will be reduced from 11 to 10 directors upon his retirement
Eric P. Etchart, a director since 2016, is intended to succeed Sandfort as non-executive chair
Amended and Restated Bylaws were adopted June 17, 2024, including shortening the time to respond to nominee questionnaires from 10 business days to five
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every WD-40 filing is on SEC EDGAR ↗. 8-K briefs of other companies →