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WD-40 Company Reports Fourth Quarter and Fiscal Year 2026 Financial Results

Business Wire

~ Net Sales of Maintenance Products Grew 9% in the Fourth Quarter and 13% for the Fiscal Year ~

~ On a Constant Currency Basis, Net Sales of Maintenance Products Grew 8% in the Fourth Quarter and 9% for the Fiscal Year Aligning with Long-Term Growth Targets ~

~ Fiscal Year 2026 Results In Line with Guidance Across Key Financial Metrics ~

SAN DIEGO, October 21, 2026--WD-40 Company (Nasdaq: WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its fourth fiscal quarter and fiscal year ended Aug. 31, 2026.

Fiscal Year 2026 Summary (Compared with Fiscal Year 2025)

  • Net sales increased 11% to $688.0 million. On a constant currency basis, net sales increased 7% to $666.2 million.

  • Net sales of maintenance products increased 13% to $665.9 million. On a constant currency basis, maintenance product sales increased 9% to $644.7 million.

  • Gross margin improved to 55.3% compared to 55.1%.

  • Selling, general, and administrative expenses increased 13% to $225.0 million.

  • Advertising and sales promotion expenses increased 19% to $44.7 million.

  • Operating income improved 5% to $108.9 million.

  • Net income decreased 10% to $82.3 million, and diluted earnings per share were $6.08, compared with $6.69. The decrease reflects a favorable $11.9 million income tax adjustment in fiscal year 2025 related to the release of an uncertain tax position.(1)

  • Excluding that prior-year tax benefit and $1.3 million of amortization expense in fiscal year 2026 related to the reclassification of certain homecare and cleaning products in the Americas from held for sale to held for use, non-GAAP operating income improved 6% to $110.2 million, non-GAAP net income increased 6% to $83.7 million and non-GAAP diluted EPS increased 6% to $6.18.

Fourth Quarter Summary (Compared with Fourth Quarter Fiscal Year 2025)

  • Net sales increased 8% to $176.8 million. On a constant currency basis, net sales increased 7% to $174.9 million.

  • Net sales of maintenance products increased 9% to $170.5 million. On a constant currency basis, maintenance product sales increased 8% to $168.8 million.

  • Gross margin decreased to 52.8% compared to 54.7%.

  • Selling, general and administrative expenses increased 19% to $58.2 million.

  • Advertising and sales promotion expenses increased 26% to $15.8 million.

  • Operating income decreased 32% to $19.1 million.

  • Net income decreased 32% to $14.4 million, and diluted earnings per share were $1.06, compared with $1.56.

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