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)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments