WD-40 2Q Profit Falls as Americas Sales Lag

Dow Jones04-10

By Ben Glickman

WD-40 logged a lower profit in its fiscal second quarter as sales from the Americas lagged.

The San Diego-based household-products company reported a profit of $15.5 million, or $1.14 a share, in the three months ended Feb. 29, down from $16.5 million, or $1.21 a share, a year earlier.

Revenue rose 7% to $139.1 million.

Sales were up 1% in the Americas, which accounts for nearly half of WD-40's revenue, while sales rose 16% in Europe, India, the Middle East and Africa. Revenue from Asia-Pacific was up 4%

WD-40 now expects per-share profit of $5 to $5.30 for the full fiscal year, compared with prior guidance of $4.78 to $5.15 a share.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

April 09, 2024 16:19 ET (20:19 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426253741?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-10 04:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2426253741","market":"sh","top_or_hot":-1,"title":"WD-40 2Q Profit Falls as Americas Sales Lag","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Ben Glickman \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/WDFC\">WD-40</a> logged a lower profit in its fiscal second quarter as sales from the Americas lagged. \n</p>\n<p>\n  The San Diego-based household-products company reported a profit of $15.5 million, or $1.14 a share, in the three months ended Feb. 29, down from $16.5 million, or $1.21 a share, a year earlier. \n</p>\n<p>\n  Revenue rose 7% to $139.1 million. \n</p>\n<p>\n  Sales were up 1% in the Americas, which accounts for nearly half of WD-40's revenue, while sales rose 16% in Europe, India, the Middle East and Africa. Revenue from Asia-Pacific was up 4% \n</p>\n<p>\n  WD-40 now expects per-share profit of $5 to $5.30 for the full fiscal year, compared with prior guidance of $4.78 to $5.15 a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ben Glickman at ben.glickman@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2024 16:19 ET (20:19 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WD-40 2Q Profit Falls as Americas Sales Lag</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWD-40 2Q Profit Falls as Americas Sales Lag\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-10 04:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Ben Glickman \n\n\n \n\n\nWD-40 logged a lower profit in its fiscal second quarter as sales from the Americas lagged. \n\n\n  The San Diego-based household-products company reported a profit of $15.5 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WDFC","symbol_name":"WD-40","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426253741","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426253741","pubTimestamp":1712693940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"WD-40 logged a lower profit in its fiscal second quarter as sales from the Americas lagged.The San Diego-based household-products company reported a profit of $15.5 million, or $1.14 a share, in the three months ended Feb. 29, down from $16.5 million, or $1.21 a share, a year earlier.Sales were up 1% in the Americas, which accounts for nearly half of WD-40's revenue, while sales rose 16% in Europe, India, the Middle East and Africa. Revenue from Asia-Pacific was up 4%. WD-40 now expects per-share profit of $5 to $5.30 for the full fiscal year, compared with prior guidance of $4.78 to $5.15 a share.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WDFC":"WD-40","WD":"Walker & Dunlop"},"translate_title":"WD-40 2Q利润下降，美洲销售滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WD":1,"WDFC":1},"content_text":"By Ben Glickman \n\n\n \n\n\nWD-40 logged a lower profit in its fiscal second quarter as sales from the Americas lagged. \n\n\n  The San Diego-based household-products company reported a profit of $15.5 million, or $1.14 a share, in the three months ended Feb. 29, down from $16.5 million, or $1.21 a share, a year earlier. \n\n\n  Revenue rose 7% to $139.1 million. \n\n\n  Sales were up 1% in the Americas, which accounts for nearly half of WD-40's revenue, while sales rose 16% in Europe, India, the Middle East and Africa. Revenue from Asia-Pacific was up 4% \n\n\n  WD-40 now expects per-share profit of $5 to $5.30 for the full fiscal year, compared with prior guidance of $4.78 to $5.15 a share. \n\n\n \n\n\n  Write to Ben Glickman at ben.glickman@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2024 16:19 ET (20:19 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426253741"}