Q: What is WD-40 (WDFC) Q4 2024 Earnings Call Transcript Summary?
### WD-40 (WDFC) Q4 2024 Earnings Call Transcript
#### Here are the specific viewpoints from the earnings call:
**Bullish Points:**
1. Fiscal year '24 has been a year of exceptional strength, resilience, and strategic progress.
2. Fourth quarter was the second consecutive record-breaking sales quarter.
3. Fourth quarter net sales of $156 million, representing an increase of over 11%.
4. Sales of maintenance products experienced double-digit growth during both the fourth quarter and the full fiscal year.
5. Sales of WD-40 multi-use product reached $453 million, an 11% increase over the prior year, and a new annual record for the core brand.
6. Gross margin continues to improve, reaching 54.1% in the fourth quarter, an improvement of 100 basis points sequentially from the third quarter and 270 basis points compared to the fourth quarter of last fiscal year.
7. Sales in the Americas grew approximately 6% over the prior year to $79 million.
8. Strong sales in Latin America, which increased by 63% over the prior period.
9. Sales in EIMEA grew approximately 16% over the prior period to $59 million.
10. Sales in Asia-Pacific grew approximately 21% over the prior year to $18 million.
**Bearish Points:**
1. Sales in the United States decreased by 4% compared to the prior period.
2. Sales in Canada decreased 3% compared to the prior period.
3. Decline of 12% in homecare and cleaning product brands in the Americas.
4. Sales in Australia were flat compared to the prior period.
5. Sales of no vac carpet cleaning product in Australia decreased 6% compared to the prior period.
6. Divestiture of homecare and cleaning brands in the Americas and the U.K. may temporarily impact certain aspects of the business model.
7. The cost of doing business increased to 38% this quarter compared to 34% in the prior year.
8. For the full fiscal year, the cost of doing business was 36% compared to 33% in the prior year.
9. Higher employee-related costs, including accruing higher earned incentive compensation, drove the increase in the cost of doing business.
10. Strategic investments in information technologies, ESG, innovation, and supply chain have led to elevated SG&A expenses and higher costs of doing business.
For more information about WD-40's earnings call, you can read the relevant news: WD-40 (WDFC) Q4 2024 Earnings Call Transcript
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