Overview

* WD-40 ( WDFC ) fiscal Q3 net sales rise 1% but miss analyst expectations, per LSEG data

* Company's maintenance product sales up 2% due to growth in U.S., Asia-Pacific

* Diluted EPS for fiscal Q3 beats analyst expectations, per LSEG data

* Household products maker raises operating income and EPS guidance for fiscal 2025

Outlook

* WD-40 ( WDFC ) projects fiscal 2025 net sales between $600 mln and $620 mln

* Company expects fiscal 2025 gross margin between 55% and 56%

* WD-40 ( WDFC ) anticipates fiscal 2025 EPS between $5.30 and $5.60

Result Drivers

* GROSS MARGIN IMPROVEMENT - Co reports gross margin rose to 56.2%, up from 53.1% last year

* MAINTENANCE PRODUCT SALES - Sales increased 2% driven by growth in U.S. and Asia-Pacific regions

* CURRENCY IMPACT - Unfavorable currency translation impacted net sales by approximately $1.6 million

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $156.90 $160.60

mln mln (1

Analyst)

Q3 EPS Beat $1.54 $1.42 (2

Analysts

)

Q3 Net $21 mln

Income

Q3 Gross 56.2%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the household products peer group is "buy"

* Wall Street's median 12-month price target for WD-40 Co ( WDFC ) is $296.00, about 22.4% above its July 9 closing price of $229.73

* The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)