WD-40 Company (WDFC) shares are soaring 6% in pre-market trading on Thursday, following the release of its impressive fourth-quarter earnings report. The company, known for its multipurpose lubricant products, significantly outperformed analyst expectations, demonstrating robust financial health and promising growth prospects.
For the fiscal fourth quarter ended August 31, WD-40 reported earnings of $1.56 per diluted share, a substantial increase from $1.23 in the same period last year. This figure comfortably surpassed the $1.26 per share forecast by analysts. The company's net sales also impressed, reaching $163.5 million, up from $156 million a year earlier and exceeding the analyst consensus of $153.9 million.
Adding to the positive sentiment, WD-40 provided an optimistic outlook for fiscal 2026. The company projects earnings between $5.75 and $6.15 per diluted share, with net sales expected to range from $630 million to $655 million after adjusting for foreign currency impacts. CEO Steve Brass highlighted the company's growth potential, stating, "We continue to see a meaningful runway ahead, with a benchmarked sales growth opportunity of approximately $1.4 billion for our flagship WD-40 Multi-Use Product." This ambitious target underscores the significant untapped market potential for the company's core product line, further fueling investor enthusiasm.
Comments