WD-40 Company Reports Record-Breaking Earnings and Revenue

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WD-40 ($NASDAQ:WDFC) Company, a manufacturer of lubricants, cleaning supplies and other products, recently reported remarkable earnings and revenue for their fiscal year. According to their financial report, their GAAP EPS of $1.21 exceeded expectations by $0.20, while their revenue of $130.19M outpaced estimates by $4.39M. The company’s products have a wide range of uses, from industrial maintenance and repair to home use. WD-40 has become a household name in many countries, thanks to its versatility and effectiveness. The company has also developed a range of specialty products to meet the needs of specific markets such as automotive, marine, electrical, and aviation industries. WD-40 Company is well-known for its strong commitment to customer satisfaction and innovation.

The company has an ongoing research and development program to create new products that meet the changing needs of its customers. The success of these efforts is evident in their robust financial performance in recent years. Overall, the company’s record-breaking earnings and revenue is a testament to the dedication and hard work of the WD-40 team. Their commitment to customer satisfaction and innovation has enabled them to become one of the most successful companies in the industry.

Market Price

On Thursday, WD-40 COMPANY reported record-breaking earnings and revenue. The company’s stock opened at $179.1 and closed at $178.6. The performance was driven by a strong focus on innovation, as well as an increase in product demand. The company’s ability to exceed expectations comes as a result of their dedication to providing superior customer service and quality products.

Moreover, the company’s commitment to sustainability and corporate social responsibility initiatives have helped them to remain successful in the long-term. With these impressive results, it is clear that WD-40 Company will continue to be a leader in the industry for years to come. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wd-40 Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Wd-40 Company are shown below. More…

Analysis

GoodWhale has conducted an analysis of WD-40 Company‘s financials and, based on Star Chart, we have classified WD-40 as a ‘cow’ – a type of company that has a track record of paying out consistent and sustainable dividends. This makes it an attractive investment for investors seeking a steady income stream. WD-40 Company is strong in dividend and profitability, medium in asset and weak in growth. With a high health score of 8/10 concerning its cashflows and debt, WD-40 is capable of safely riding out any crisis without the risk of bankruptcy, making it an even more attractive investment for those looking for security. Overall, WD-40 Company looks to be a solid investment opportunity for those who are interested in a safe, reliable income stream. More…

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, a global specialty consumer products company, reported their latest quarterly earnings showing an EPS of $1.21, which is $0.20 higher than analyst estimates. The revenue reported was $130.19M which beat expectations by $4.39M. This strong quarterly performance reflects the company’s focus on creating value for its shareholders.

Investors should be optimistic about WD-40 Company’s future given this positive earnings news and the company’s ability to beat expectations. As such, the stock may have potential for future growth and investors may want to consider adding it to their portfolio.