WD-40 Company (WDFC) Releases Earnings Results, Beats Expectations By $0.02 EPS

WD-40 Company (WDFC) reported quarterly earnings results on Thursday, Jul-7-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.86. The company posted revenue of $96.50 million in the period, compared to analysts expectations of $99.30 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

WD-40 Company opened for trading at $117.17 and hit $120.5 on the upside on Tuesday, eventually ending the session at $118.52, with a gain of 1.12% or 1.31 points. The heightened volatility saw the trading volume jump to 1,34,896 shares. Company has a market cap of $1,697 M.

Investors should note that on Jun 21, 2016, WD-40 Company announced a cash dividend of $0.4200. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Jul 29, 2016.

In a different news, on Feb 10, 2016, Jay Rembolt (Vice President Finance & CFO) sold 1,202 shares at $105.00 per share price. According to the SEC, on Nov 24, 2015, Geoffrey Holdsworth (Managing Director AsiaPacific) sold 843 shares at $100.00 per share price. On Nov 17, 2015, Michael L Freeman (Division President, Americas) sold 3,709 shares at $94.86 per share price, according to the Form-4 filing with the securities and exchange commission.

WD-40 Company is a global consumer Products Company. As of August 31 2012 the Company’s products included WD-40 Smart Straw WD-40 Trigger Pro 3-IN-ONE Professional Garage Door Lube Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product and a mildew stain remover under the X-14 brand. In addition its WD-40 Specialist product line consists of certain specialty maintenance products. The Company’s three geographical segments are: the Americas Europe and Asia-Pacific. The Company sells its products primarily through mass retail and home center stores warehouse club stores grocery stores hardware stores automotive parts outlets and industrial distributors and suppliers. During the fiscal year ended August 31 2012 the Company formed WD-40 Bike Company LLC focused on the development of a line of bicycle maintenance products for cyclists and mechanics.

WD-40 Company

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