WD-40 Q2 Earnings Call Highlights

2 months ago 35

MarketBeat

Mon, April 13, 2026 astatine 10:43 AM CDT 9 min read

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WD‑40 reported Q2 consolidated nett income of $161.7 million, up 11% year‑over‑year, driven by attraction products which comprised ~97% of income and roseate 13% (≈6% connected a constant‑currency basis) with notable spot successful the U.S. and Asia‑Pacific.
Gross borderline improved to 55.6% (+100 bps) but absorption warned that caller Middle East developments person raised oil‑linked input costs that could unit margins aboriginal successful the year; the institution reaffirmed fiscal 2026 guidance portion noting profitability metrics are present expected to autumn “within” their ranges and assumes crude astatine $95–$115/barrel.
Strategic priorities gained traction—premiumization (premium SKUs ~50% of MUP sales, people >10% CAGR), WD‑40 Specialist up 19% YTD, and e‑commerce up 23%—and the institution plans a Q2 motorboat of an 85% bio‑based multi‑use lubricant successful Europe; the committee besides approved a $1.02 quarterly dividend and completed $8M of repurchases with ~$14M remaining.
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WD-40 Company Justifies Sell-Side Support With Q2 Results

WD-40 (NASDAQ:WDFC) reported fiscal second-quarter 2026 results that absorption said showed strengthening momentum aft a slower commencement to the year, led by higher attraction merchandise income and a continued propulsion into premium formats and e-commerce.

President and CEO Steve Brass said consolidated nett income were $161.7 million, up 11% from the prior-year quarter. Maintenance products remained the company’s halfway absorption and represented astir 97% of quarterly nett sales, with attraction merchandise income of $156.8 million up 13% year-over-year.

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On a constant-currency basis, Brass said attraction merchandise income accrued 6%, which helium characterized arsenic “in enactment with our semipermanent maturation expectations.” The company’s nonstop markets (about 80% of planetary sales) posted 14% maturation successful attraction products, portion income done the selling distributor web (about 20% of planetary sales) accrued 9%, helped by a rebound successful Asia-Pacific distributor markets aft a softer archetypal quarter.

In the Americas, Brass reported income of $71.8 million, up 10%. Maintenance products successful the portion accrued 11% to $69.1 million, driven “nearly all” by the U.S., wherever attraction merchandise income roseate 15%. Brass said WD-40 Multi-Use Product income successful the U.S. accrued by $5 million, oregon 15%, supported by higher volumes with prime customers and online retailers, elevated promotional activity, and humble terms increases implemented earlier successful fiscal 2026. He besides pointed to 17% maturation for WD-40 Specialist successful the Americas, aided by expanded organisation and higher online income successful the U.S.