WD 40 CO — Form 8-K
Filed July 9, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
WD-40 reported Q3 2026 (ended May 31) net sales of $195.1M (+24% YoY; +20% constant currency), with operating income of $40.3M (+47%) and diluted EPS of $2.24 (+45%). All three geographic segments showed double-digit growth: Americas +29%, EIMEA +17%, Asia-Pacific +24%. Management reclassified Americas homecare/cleaning brands from held-for-sale to held-for-use, adding ~$12M sales and $0.17 EPS to FY2026 guidance. Updated FY2026 guidance: $675–$690M sales (+10–12%), $107–$113M operating income (+5–11%), $6.05–$6.35 diluted EPS (+6–11%). Board approved new $100M share repurchase program effective Sept 1, 2026; Q3 repurchased 31,250 shares for $6.8M.
Why this rating
Strong organic growth (+20% constant currency) and 47% operating leverage demonstrate momentum. Reclassification adds modest revenue but signals strategic shift. New $100M buyback (~3.1% of market cap) and dividend increases shareholder returns. Gross margin pressure (60 bps from costs) partially offset by pricing; near-term headwind but manageable for $3.2B company.
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