Categories Consumer, Earnings, Other Industries

WD-40 reports in-line Q1 earnings and beats sales predictions

Specialty chemicals company WD-40 Company (WDFC) reported its first quarter earnings after the market closed today. The company reported earnings of $0.95 per share on sales of $101 million.  Shares of WD-40 dropped about 4% during the extended trading hours.

The company met the earnings expectations of Wall Street while surpassing the sales predictions. Analysts had expected the San Diego-based cleaning products manufacturer to earn 95 cents per share on sales of $99 million.

WD-40 Company first quarter 2019 Earnings Infographic

For fiscal 2019, WD-40 expects EPS to be between $4.51 and $4.58. Sales are estimated to be in the range of $425 million to $437 million, representing a growth of 4% and 7%.

“While we saw strength in our Americas and EMEA segments, our Asia-Pacific segment reported sales declines of 10 percent year over year. Due to the geographically diverse nature of our business and depending on what is going on in a region at any given time, some of our markets may overperform while others may underperform,” said CEO Garry Ridge.

Americas benefited by the higher sales of maintenance products in the US and EMEA region’s performance was helped by strong sales of WD-40 Multi-Use Product in both the European direct and distributor markets.

WDFC stock has given a positive return of 19% in the last three months and 56% in the last 12 months. The stock was up 2.40% at $183.78 when it ended Wednesday’s regular trading session.

Bed Bath & Beyond stock jumps on Q3 earnings beat, positive guidance

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!

 

 

 

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top