WD-40 sees FY25 EPS $5.20-$5.45, two estimates $5.68

Sees FY25 revenue $600M-$630M, two estimates $617.0M. Sees FY25 gross margin 54%-55% vs. 53.4% in FY24. “Our fiscal year 2024 performance demonstrates the power of the WD-40 (WDFC) Company business model, with strong performance across all trading blocs and the successful implementation of several strategic initiatives,” said Sara Hyzer, CFO. “Our gross margin has improved substantially, exceeding our guidance range and moving us closer to our 55 percent target. This improvement was primarily driven by favorable sales mix, lower input costs, and enhanced operational efficiencies across our global supply chain. Consistent with our increased focus, we continue to make progress on the divestiture of our Americas and United Kingdom homecare and cleaning product portfolios and we expect to complete this transaction in the first half of fiscal year 2025. Looking ahead, we’re guiding for net sales growth of between 6 and 11 percent on a pro forma basis in fiscal year 2025, excluding the financial impact of the homecare and cleaning brands we expect to divest this fiscal year.”