WD-40 Posts Lower 1Q Profit After Asia-Pacific Sales Fall

Dow Jones01-09

By Amira McKee

 

WD-40 logged lower profit in its fiscal first quarter as sales fell across the Asia-Pacific region.

The household-products company on Thursday posted a profit of $17.5 million, or $1.28 per share, compared with $18.9 million for the three-months ended Nov. 30, or $1.39 a share, in the same period a year earlier.

Sales rose to $154.4 million, up slightly from $153.5 million last year.

Chief Financial Officer Sara Hyzer attributed the drop in profits to timing factors within the company's distributor network, not by a decline in end-user demand.

Maintenance product sales, which make up most of the company's topline, increased by 2% to $148.9 million.

Sales in the Americas region increased 4% year over year, while sales across Europe, India, Middle East and Africa rose 2%. These gains were partially offset by the Asia-Pacific region, where sales fell 10%, primarily due to a 12% decrease in sales of its WD-40 Multi-Use Product.

The San Diego company said the most significant sales decline occurred in the company's Asia distributor markets, where sales fell by $3.3 million, or 33%, due to the timing of customer orders.

WD-40 reiterated its full-year earnings outlook and expects results toward the mid-to-high end of its ranges.

Shares fell 10% to $185.44 in after-hours trading.

 

Write to Amira McKee at amira.mckee@wsj.com

 

(END) Dow Jones Newswires

January 08, 2026 16:47 ET (21:47 GMT)

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