WD-40 Co. (WDFC) Misses Q3 EPS by 1c; Cuts FY15 Outlook

WD-40 Co. (Nasdaq: WDFC) reported Q3 EPS of $0.75, $0.01 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $92.5 million versus the consensus estimate of $99.4 million.

WD-40 Co. sees FY2015 EPS of $3.03 - $3.09, versus the consensus of $3.11 and prior expectations calling fora range of $3.07 - $3.13. The company also sees FY2015 revenue of $383 - $390 million, versus prior guidance of $387 - $400 million and the consensus of $394.63 million.

• Gross margin for the full fiscal year is expected to be better than 52 percent.
• Projected advertising and promotion expenses to be 6.0 percent to 7.0 percent of net sales.
• Net income is projected to be between $44.5 million and $45.4 million.

For earnings history and earnings-related data on WD-40 Co. (WDFC) click here.

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