WDFC earnings analysis
What we found in WDFC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
WD-40 Company reported strong Q3 2026 results with revenues of $195.1 million, a 24% increase year-over-year, driven by a significant 45% rise in diluted EPS to $2.24. The company also updated its annual revenue guidance to reflect encouraging trends in its homecare and cleaning segment.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Estimates
- Actual revenue of $195.1 million surpassed estimates of $172.6 million by 13%.
- Strong EPS Growth
- Diluted EPS reached $2.24 compared to an estimate of $1.57, representing a 45% increase year-over-year.
- Notable Segment Performance
- Maintenance products segment showed robust sales growth of 26%, contributing significantly to overall performance.
- Increased Gross Margin
- Gross margin improved to 56.6%, an increase from 56.2% in the same period last year.
- Buyback Authorization
- Board approved $100 million share repurchase program to enhance shareholder value.
- Improved Operating Income
- Operating income jumped 47% YoY to $40.3 million, reflecting strong operational efficiency.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Supply Chain Disruptions
- Recent geopolitical issues have caused supply chain disruptions, particularly in the EIMEA segment.
- Increased Costs from Oil Prices
- Rising oil prices have impacted costs for petroleum-based specialty chemicals, affecting margins.
- Foreign Currency Exchange Impact
- Fluctuations in foreign currency exchange rates affected financial results and may continue to do so.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.24
- Gross margin
- 56.6%
- Operating margin
- 20.7%
- Segment
- WD-40 Multi-Use Product: $152.5M (up 26% YoY)
- Segment
- WD-40 Specialist: $28M (up 27% YoY)
- Segment
- Other maintenance products: $9.2M (up 20% YoY)
- Segment
- HCCP: $5.4M (down 17% YoY)
What they said about what is next.
Fiscal year 2026 guidance updated to reflect reclassified homecare and cleaning business with growth estimates adjusted.
The filing reads better than the one before it.
What came before.
- 10-Q · April 9, 2026
- Revenue grew 10.7% year-over-year to $161,671 (in thousands) while gross margin expanded to ~55.6% and operating margin ticked up to ~16.3%. However, net income fell to $20,318 (in thousands) and diluted EPS declined to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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