NASDAQ$WDFC

WD-40 Company · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

WD-40 Company reported third quarter earnings with revenue increase of 39 percent compared to prior year fiscal quarter.

WD-40 Company reported strong third-quarter results, with record net sales of $136.4 million, a 39% increase compared to the prior year fiscal quarter. Diluted earnings per share were $1.52, up from $1.06 in the prior year fiscal quarter. The company raised its full-year revenue expectations to a range of $475 million to $490 million.

  • Total net sales for the third quarter increased by 39 percent compared to the prior year fiscal quarter.
  • Net income for the third quarter increased by 45 percent compared to the prior year fiscal quarter.
  • Diluted earnings per share were $1.52 in the third quarter, compared to $1.06 per share for the prior year fiscal quarter.
  • The company expects net sales to grow in the mid to high single digits.

Headline financials

Total Revenue

$136M

Previous: $98.2M+38.8%
EPS (adj)

$1.52

Previous: $1.06+43.4%
Capital Expenditures

-$10.8M

Previous: -$17.4M+38.0%
Free Cash Flow

$10.2M

Previous: -$2.89M+453.9%
Net Income

$21M

Previous: $14.5M+44.6%
Operating Income

$27.3M

Previous: $19.8M+37.9%
Gross Profit

$72.5M

Previous: $53.1M+36.6%
Cash & Equivalents

$80.4M

Previous: $88.6M-9.3%
Total Assets

$428M

Previous: $386M+10.9%
Stock-Based Comp

$3.34M

Previous: $720K+364.3%

Revenue & EPS history

WD-40 · Revenue · Quarterly

$136M

Q3 2021+38.8%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

WD-40 · $127M total across 1 segment · Q3 2021

  • Maintenance Products
    $127M+45.0%

Forward guidance

WD-40 Company increased its revenue expectations and believes that net sales are likely to be in a range of between $475 million to $490 million for the full fiscal year which reflects year-over-year sales growth of between 16 and 20 percent. They expect consolidated net sales to grow in the mid to high single digits as things get back to normal post the pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+20.9%

Q3 2023

Best reaction

-14.0%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.8%-6.6%-5.1%
Q1 2026-6.7%+0.4%+17.2%
Q4 2025+2.8%+0.6%-1.0%
Q3 2025+1.0%-3.5%-1.4%
Q2 2025-8.2%-6.7%-1.4%
Q1 2025-5.0%-3.9%-0.7%
Q4 2024-4.7%+0.1%+5.8%
Q3 2024+3.5%+11.0%+13.5%
Q2 2024-10.0%-8.8%-9.9%
Q1 2024+14.6%+14.8%+11.7%
Q4 2023-1.7%+2.1%+6.8%
Q3 2023+20.9%+18.3%+16.9%
Q2 2023-3.5%-2.6%+3.3%
Q1 2023+2.0%+8.4%+7.7%
Q4 2022-14.0%-15.5%-0.7%
Q3 2022-13.8%-16.7%-12.0%
Q2 2022+6.9%+6.2%+4.1%
Q1 2022+3.6%+6.1%-5.8%
Q4 2021-8.6%-4.8%-1.0%
Q3 2021+2.5%+0.9%-4.4%
Q2 2021-8.1%-15.7%-20.3%
Q1 2021+13.5%+7.1%+18.9%
Q4 2020+19.9%+20.1%+31.3%
Q3 2020-4.4%-4.7%-3.3%
Q2 2020-11.7%-1.5%+0.2%
Q1 2020-2.2%-0.7%-2.6%
Q4 2019-0.3%+0.6%+3.0%
Q3 2019+8.2%+10.0%+12.9%
Q2 2019-3.6%-2.0%-3.4%
Q1 2019-4.7%-5.2%-1.3%
Q4 2018+3.0%+2.3%+6.9%
Q3 2018+4.4%+7.3%+8.9%
Q2 2018-1.8%+0.4%+1.5%
Q1 2018+3.6%+4.1%-2.5%
Q4 2017-3.4%-5.2%-2.2%
Q3 2017-3.4%-3.0%-5.3%
Q2 2017-4.3%-2.4%-1.6%
Q1 2017-11.5%-13.8%-9.9%
Q4 2016+0.1%-1.9%-0.2%
Q3 2016+2.7%+4.8%-0.4%
Q2 2016-5.2%
Q1 2016+1.1%
Q4 2015+1.7%
Q3 2015-5.0%
Q2 2015-4.4%
Q1 2015+1.3%
Q4 2014+7.5%
Q3 2014-6.6%
Q2 2014-4.2%
Q1 2014-2.3%
Q4 2013+6.3%
Q3 2013-1.2%
Q2 2013+2.0%
Q1 2013+11.4%
Q1 2012+11.4%
Q4 2010-0.9%
Q4 2012-7.9%
Q3 2011-5.4%
Q3 2012-5.8%
Q2 2011-1.3%
Q2 2012+0.6%
Q4 2011+1.4%
Q1 2011+1.4%
Q3 2010+6.2%
Q2 2010+2.3%

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