WDFC Stock Recent News

The WD-40 Company NASDAQ: WDFC stock price entered a reversal in mid-2023, and it is in full swing today. The move advanced more than 65% before the Q1 release and still has ample room to run.

Shares of WD-40 Co. (WDFC) skyrocketed Wednesday as the maintenance and household products manufacturer posted better-than-expected results on strong demand for its namesake lubricant.

WD-40 is seeing strong demand from consumers around the world, and that's always reason for investor optimism. Management maintained its full-year guidance and believes it could earn up to $70 million this year.

WD-40 Company (WDFC) Q1 2024 Earnings Call Transcript

Shares of WD-40 climbed in after-hours trading after the maker of maintenance and cleaning products reported higher sales and earnings for its fiscal first quarter.

SAN DIEGO--(BUSINESS WIRE)--WD-40 Company (NASDAQ:WDFC) today announced that its board of directors declared on Tuesday, December 12, 2023 a quarterly dividend of $0.88 per share reflecting an increase of 6 percent compared to the previous quarter's dividend. The quarterly dividend is payable January 31, 2024 to stockholders of record at the close of business on January 19, 2024. The Company also announced that it has scheduled its first quarter 2024 earnings conference call for Tuesday, Januar.

Strong recovery in sales volume from 1H23's decline caused by announcement in price increase demonstrates a continuing strong demand. WDFC's strategic initiatives, including product premiumization and e-commerce, are expected to drive future growth and margin expansion. 2024's guided net sales are expected to grow at 2 -3X of 2023's reported growth rate.

WD-40 Company's stock is viewed as a hold due to its slow and stable growth despite high valuations. The stock is perennially overpriced. Sales in the Americas are the bellwether. Margins improved with a gross margin of 51.4% in Q4, resulting from pricing increases and cost-cutting efforts.

WD-40 Company (WDFC) Q4 2023 Earnings Call Transcript

SAN DIEGO--(BUSINESS WIRE)--WD-40 Company (NASDAQ:WDFC) today announced that its board of directors declared on Friday, October 6, 2023 a quarterly dividend of $0.83 per share, payable October 31, 2023 to stockholders of record at the close of business on October 20, 2023. The Company also announced that it has scheduled its fourth fiscal quarter 2023 earnings conference call for Thursday, October 19, 2023, at 2:00 p.m. PDT. On this call, management will discuss financial results, business deve.