WD-40 reports Q4 EPS $1.23 vs. $1.21 last year

Reports Q4 revenue $156.0M vs. $140.5M last year. “Fiscal year 2024 was exceptionally strong for WD-40 (WDFC) Company,” said Steve Brass, CEO. “We delivered double-digit revenue growth, with all of our trading blocs performing within or above their target ranges. WD-40 Multi-Use Product, the core of our business, grew revenue 11 percent year over year, and we saw a significant year over year margin recovery of 240 basis points. Our performance demonstrates the strength of our brand and the effectiveness of our strategy. Our Four-by-Four Strategic Framework is working. We’re turning up the heat on our Must-Win Battles, from geographic expansion to digital commerce. The success we’ve seen in Brazil and Mexico gives us confidence that we can unlock further game-changing opportunities in emerging markets. As part of our overall commitment to focus on WD-40’s core business, we’ve announced our intention to divest our homecare and cleaning products portfolio. This strategic move will allow us to concentrate our resources on innovating and extending the reach of our higher-growth, higher-margin maintenance products. Looking ahead to fiscal year 2025, we’re well positioned to continue our growth trajectory. Our focus remains on executing our strategy, expanding in high-potential markets across the globe, and driving operational efficiencies. With our strong brand, clear strategy, and engaged workforce, we are confident in our ability to continue delivering long-term value to our stockholders.”