Overview

• Maintenance products maker's fiscal Q3 net sales rose 24%, beating analyst expectations

• Adjusted EPS for fiscal Q3 rose 51%, beating analyst expectations

• Company approved new $100 mln share buyback program, effective September 2026

Outlook

• WD-40 expects fiscal 2026 reported net sales of $675 mln to $690 mln, up 10-12% at current exchange rates

• Company sees fiscal 2026 non-GAAP diluted EPS of $6.05 to $6.35

• Gross margin for fiscal 2026 now seen at 54.5% to 55.5%

Result Drivers

• BROAD-BASED SALES GROWTH - Double-digit sales growth across all three trade blocs, led by maintenance products, drove overall revenue increase

• PROMOTIONS AND DISTRIBUTION - Expanded distribution, strong online channels, and promotional activity boosted sales in the Americas and Asia-Pacific

• OPERATING LEVERAGE - Operating income rose as revenue growth outpaced expense increases, reflecting benefits of scale

Company press release: ID:nBw8CFSwxa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Sales	Beat	$195.10 mln	$172.79 mln (3 Analysts)
Q3 Adjusted EPS	Beat	$2.33	$1.56 (3 Analysts)
Q3 EPS		$2.24
Q3 Net Income		$30.20 mln
Q3 Gross Margin		56.60%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the household products peer group is "buy"

• Wall Street's median 12-month price target for WD-40 Co is $267.50, about 8.5% above its July 8 closing price of $246.59

• The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 32 three months ago

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