Strong Earnings, Upbeat Forecast
WD-40 Reports Robust Q3 Earnings Growth, Raises Full-Year Fiscal Guidance
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Key Points
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In WD-40's third fiscal quarter ended May 31, 2026, net income rose to $30.216 million and GAAP EPS was $2.24, up from $20.977 million and $1.54 a year earlier; adjusted earnings were $31.5 million or $2.33 per share.
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Quarterly revenue increased about 24.3% year over year to $195.119 million, signaling strong top-line momentum alongside the profit improvements.
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WD-40 guided fiscal 2026 adjusted EPS of $6.05–$6.35 and revenue of $652–$667 million, signaling continued earnings growth expectations into the year ahead.
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Operating income in the quarter rose 47% year over year, illustrating strong operating leverage and the benefits of scale in the WD-40 business.
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Maintenance product sales climbed 26% year over year, and on a non-GAAP constant currency basis total net sales would have increased about 20% versus the prior year.
WD-40 Company delivered a blowout third quarter, sending its stock up 13% as earnings and revenue smashed Wall Street expectations by wide margins. The maker of the iconic blue-and-yellow spray can reported adjusted earnings of $2.33 per share, crushing the analyst estimate of $1.57 — a beat of $0.76 per share, according to Investing.com.
Quarterly revenue jumped 24% year over year to $195.1 million, well above the consensus forecast of $170.2 million. WD-40 then raised its full-year outlook, adding more fuel to investor enthusiasm. Investing.com reported shares soared 13% on the combined strength of the results and updated guidance.
Q3 Profit Surges 44% as Revenue Hits $195 Million
WD-40's net income rose to $30.2 million in the quarter ended May 31, 2026. That is up sharply from $21.0 million in the same quarter a year ago — a gain of about 44%. GAAP earnings per share came in at $2.24, compared to $1.54 a year earlier.
Operating income climbed 47% year over year. That kind of growth shows the company is squeezing more profit out of every dollar of sales. Maintenance product sales — WD-40's core business — rose 26% compared to last year. On a constant currency basis, meaning stripping out the effect of exchange rates, total net sales still grew about 20%.
Gross Margins Hold Firm at 56.6% Despite Cost Pressures
WD-40's gross margin — the share of revenue left after production costs — held at 56.6% for the quarter. That is a strong number for a consumer products company. It shows WD-40 kept its costs under control even as it grew sales rapidly.
Geographic expansion, premium products, and e-commerce all helped drive growth, according to TipRanks. The company has been pushing into new markets and selling higher-priced versions of its products. Those moves are paying off in both revenue and profitability.
WD-40 Raises Full-Year Guidance Above Street Estimates
WD-40 now expects fiscal 2026 adjusted earnings per share of $6.05 to $6.35. Revenue guidance came in at $652 million to $667 million. Both ranges topped what analysts had been expecting before the report, according to Investing.com.
The raised guidance signals that company leaders expect the strong momentum to continue through the rest of the year. Double-digit growth across product segments is expected to support those targets. The updated outlook gave investors another reason to buy the stock on earnings day.
Stock Jumps 13% But Some Investors Stay Cautious
Shares of WD-40 (NASDAQ: WDFC) surged 13% after the results hit. That is a large single-day move for a consumer products stock. It reflects how far the results exceeded what Wall Street had predicted going into the quarter.
Not everyone is fully convinced the gains will stick. TipRanks noted that some investors remain cautious despite the upbeat numbers. The stock showed volatility even amid the strong results. Still, the quarter reaffirmed WD-40's ability to grow earnings steadily — a key trait for long-term shareholders.
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