WD-40 Company Reports Fourth Quarter and Full Year Results

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WD-40 ($NASDAQ:WDFC) Company is a global marketing company that specializes in homecare and cleaning products. They are best known for their flagship product, WD-40. WD-40’s fourth quarter GAAP EPS was $1.08 and their revenue was $130.4 million. WD-40 Company‘s fourth quarter results were driven by strong sales in their North American and European markets.

These results were driven by strong growth in all of WD-40’s major markets. WD-40 Company‘s strong fourth quarter and full year results demonstrate the continued demand for their products globally. WD-40’s results were driven by strong growth in all of their major markets, which highlights the company’s diversified business model.

Earnings

WD-40 Company is a leading multi-purpose lubricant manufacturer. In its latest earning report, WD-40 Company earned a total of 503.6 million USD in revenue, 61.0 million USD in net income. Compared to the previous year, this represents a 3.2% increase in total revenue and a 13.1% decrease in net income. Despite the decrease in net income, WD-40 Company‘s total revenue has increased significantly over the last three years, reaching 503.6 million USD in the most recent quarter.

Market Price

The decrease in net income for both the fourth quarter and the full year was primarily due to higher costs associated with the launch of the company’s new WD-40 Flexible product line. The launch of the new product line resulted in higher marketing and advertising expenses, as well as higher costs for raw materials. WD-40 Company stock opened at $175.8 on Wednesday and closed at $171.6, down by 2.3% from the previous day’s closing price of $175.7.

VI Analysis

Investors interested in companies with strong fundamentals and the ability to pay off debt and fund future operations may be interested in WD-40 Company. The company is strong in dividend, profitability, and medium in asset, but weak in growth. WD-40 Company is classified as a “cow,” a type of company that has the track record of paying out consistent and sustainable dividends.

VI Peers

WD-40 Co is a leading global provider of lubricants, cleaners and rust-prevention products. The company’s products are sold in more than 160 countries and its brands are found in more than 30,000 stores. WD-40 Co’s competitors include Hartalega Holdings Bhd, OCI NV, Fuchs Petrolub SE and other leading providers of lubricants, cleaners and rust-prevention products.

– Hartalega Holdings Bhd ($KLSE:5168)

Hartalega Holdings Bhd is a Malaysia-based company that manufactures and supplies nitrile gloves. The company has a market capitalization of 6.29 billion as of 2022 and a return on equity of 23.22%. Hartalega Holdings is the world’s largest nitrile glove manufacturer with a capacity of 36 billion gloves per year. The company’s products are used in a variety of industries, including healthcare, food and beverage, and industrial.

– OCI NV ($LTS:0QGH)

Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded in 1999 by Jack Ma, Alibaba is one of the world’s largest online and mobile commerce companies. The company operates in over 200 countries and regions, and handles more than US$1 trillion in gross merchandise volume annually.

– Fuchs Petrolub SE ($OTCPK:FUPBY)

Fuchs Petrolub SE is a German oil and lubricant company with a market cap of 3.54B as of 2022. The company has a return on equity of 11.99%. Fuchs Petrolub SE is a leading manufacturer of lubricants and related specialties. The company’s products are used in a wide range of industries, including automotive, aerospace, chemical, energy, food and beverage, metalworking, mining, and more. Fuchs Petrolub SE’s products are sold in over 150 countries around the world.

Summary

WD-40 Company is committed to creating positive lasting memories by offering products that solve problems, strengthen relationships, and make people’s lives easier and more fun. This includes providing funding and support to non-profit organizations that help make a difference in the lives of others. WD-40 Company‘s long-term strategy is to continue to grow the WD-40 brand by expanding its product offerings, entering new markets, and increasing its global presence. The Company plans to continue to invest in research and development to fuel its growth and drive shareholder value.