WD-40 Co. (WDFC) Tops Q3 EPS by 7c, Maintains Guidance

WD-40 Co. (NASDAQ: WDFC) reported Q3 EPS of $1.46, $0.07 better than the analyst estimate of $1.39. Revenue for the quarter came in at $155 million versus the consensus estimate of $148.1 million.

GUIDANCE:

WD-40 Co. sees 2024 revenue of $570-600 million, versus the consensus of $578 million.

• Net sales growth is projected to be between 6 and 12 percent with net sales expected to be between $570 million and $600 million on a non-GAAP constant currency basis.
• Gross margin for the full year is expected to be between 51.5 and 53 percent.
• Advertising and promotion investments are projected to be between 5 and 6 percent of net sales.
• The provision for income tax is expected to be between 23 and 24 percent.
• Net income is projected to be between $67.7 million and $71.8 million.
• Diluted earnings per share is expected to be between $5.00 and $5.30 based on an estimated 13.6 million weighted average shares outstanding.

For earnings history and earnings-related data on WD-40 Co. (WDFC) click here.

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