WD-40 Q3 Sales Surge 24% to $195M, Guidance Raised; $100M Buyback Launched
WDFC sits 55% above its 52-week low of $175.38.
Summary
WD-40 reported Q3 FY2026 net sales of $195.1M, up 24% YoY, raised full-year guidance, and announced a new $100M buyback program.
Key Events · Earnings and Guidance · WDFC
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Q3 Sales Surge 24%
Net sales reached $195.1 million, up 24% year-over-year, driven by a limited-edition promotional program with Disney and The Home Depot, and broad-based growth across all segments.
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Full-Year Guidance Raised
Management raised its fiscal 2026 sales guidance to $652M-$667M, above consensus, reflecting strong demand and successful marketing initiatives.
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$100M Share Buyback Authorized
The board approved a new $100 million share repurchase program, effective September 1, 2026, replacing the prior $50 million plan with $7 million remaining.
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Gross Margin Expands to 56.6%
Gross margin improved 40 basis points to 56.6%, benefiting from lower aerosol can costs and favorable sales mix, despite higher specialty chemical costs in Asia-Pacific.
Analysis · WDFC · Industrial Applications And Services
A standout quarter saw net sales jump 24% to $195.1 million, fueled by a successful limited-edition promotional program in the U.S. and broad-based strength across all segments. Gross margin expanded to 56.6%, and the company raised its full-year sales and earnings outlook. Signaling confidence in sustained cash generation, the board also approved a new $100 million share repurchase program. The decision to retain the homecare and cleaning brands removes a prior overhang, refocusing the portfolio on higher-growth maintenance products.
At the time of this filing, WDFC was trading at $271.00 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $175.38 to $253.24. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.