WD-40 Company (NASDAQ:WDFC) shares surged 15.27% to $275.99 in after-hours trading after reporting third-quarter results where revenue and earnings per share topped analyst estimates and the company raised its full-year outlook.
Earnings Beat Fuels Rally
The global sales and marketing company announced third-quarter results for the period ended May 31 after the market closed on Thursday. The results immediately resonated positively with the stock’s performance, reversing an intraday decline of 2.91%.
WD-40 posted third-quarter net sales of $195.1 million, up 24% year-over-year. The revenue surpassed analyst estimates by 13.05%. The EPS came in at $2.33, topping the expected $1.57 by 48.41%.
Operating income increased 47% to $40.3 million, while diluted earnings per share reached $2.24, up 45% from the previous year. Gross margin also expanded to 56.6%.
President and CEO Steve Brass said the company delivered “double-digit growth across all three trade blocs.” The Americas segment, which accounted for 52% of total net sales, grew 29% year-over-year.
Buyback, Dividend, and Raised Guidance Add to Bullish Case
According to the Thursday announcement, WD-40’s board approved a new $100 million share repurchase program, effective Sep. 1, along with a $1.02 quarterly cash dividend payable Jul. 31.
The company also updated its fiscal 2026 outlook, reflecting the reclassification of its Americas homecare and cleaning brands from assets held for sale to assets held for use. Reported net sales are now expected to range between $675 million and $690 million, representing 10% to 12% growth. Non-GAAP diluted EPS is projected to be between $6.05 and $6.35.
Trading Metrics, Technical Analysis
WD-40 has a market capitalization of $3.26 billion, a 52-week high of $253.24 and a 52-week low of $175.62.
The Relative Strength Index (RSI) of WDFC stands at 58.20.
The stock has gained 6.46% over the past 12 months.
Currently, WDFC is positioned at about 82% of its 52-week range, near the upper end of its annual trading band.
Price Action: The stock of the California-based company closed the regular session at $239.42, according to Benzinga Pro.
With a strong Momentum in the 85th percentile, Benzinga’s Edge Stock Rankings indicate that WDFC has a positive price trend across all time frames.
Photo courtesy: Benedek Alpar / Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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