NASDAQ$WDFC
WD-40 Company · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
WD-40's Q4 2022 earnings increased due to strong sales growth and effective cost management.
WD-40 Company reported a 13% increase in net sales for the fourth quarter, reaching $130.4 million. Net income increased by 77% to $14.8 million, with diluted earnings per share at $1.08. The company's performance was driven by growth in maintenance products, particularly WD-40 Multi-Use Product and WD-40 Specialist.
- Total net sales for the fourth quarter increased by 13% to $130.4 million compared to the prior year.
- Net income for the fourth quarter rose by 77% to $14.8 million.
- Diluted earnings per share for the fourth quarter were $1.08, up from $0.61 in the prior year.
- Maintenance products sales increased by 17%, driven by WD-40 Multi-Use Product and WD-40 Specialist.
Headline financials
Revenue & EPS history
WD-40 · Revenue · Quarterly
$130M
Revenue by segment
WD-40 · $133M total across 1 segment · Q3 2023
- Maintenance Products$133M+15.4%100.0%
Forward guidance
The Company issued the following guidance for fiscal year 2023: · Net sales growth is projected to be between 5 and 10 percent with net sales expected to be between $545 million and $570 million. · Gross margin percentage for the full year is expected to be between 51 and 53 percent. · Advertising and promotion investments are projected to be between 5.0 and 6.0 percent of net sales. · The provision for income tax is expected to be around 22 percent. · Net income is projected to be between $69.0 million and $71.0 million. · Diluted earnings per share is expected to be between $5.09 and $5.24 based on an estimated 13.6 million weighted average shares outstanding.
Tailwinds
- Net sales growth is projected to be between 5 and 10 percent
- Net sales expected to be between $545 million and $570 million
- Gross margin percentage for the full year is expected to be between 51 and 53 percent.
- Advertising and promotion investments are projected to be between 5.0 and 6.0 percent of net sales.
- The provision for income tax is expected to be around 22 percent.
Headwinds
- Net sales guidance was calculated using recent foreign currency exchange rates and reflects currency headwinds of approximately 5 percent.
- This guidance does not include any future acquisitions or divestitures.
- Unanticipated inflationary headwinds may impact the Company’s financial results.
- COVID-19 related disruptions may impact the Company’s financial results.
- Other unforeseen events may further impact the Company’s financial results.
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 Q4 2022
-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
| Quarter | Report date | Reaction (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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