WD-40 Co. (WDFC) Tops Q4 EPS by 13c; Guides FY15 EPS Above Views

October 16, 2014 4:10 PM EDT

WD-40 Co. (NASDAQ: WDFC) reported Q4 EPS of $0.77, $0.13 better than the analyst estimate of $0.64. Revenue for the quarter came in at $97.6 million versus the consensus estimate of $98.2 million.

As previously announced, WD-40 Company's board of directors declared on Friday, October 3, 2014 the regular quarterly cash dividend of $0.34 per share payable on October 31, 2014 to shareholders of record on October 17, 2014.

On June 18, 2013, the board of directors approved a share repurchase plan that authorizes the Company to acquire up to $60.0 million of its outstanding shares effective from August 1, 2013 through August 31, 2015. During the fourth quarter of fiscal year 2014, the Company repurchased $12.3 million in shares under this plan. Since the plan's commencement on August 1, 2013, the Company has repurchased $45.4 million in shares under the plan.

On October 14, 2014 the board of directors approved a new share repurchase plan which becomes effective when the Company's existing $60.0 million authorization is exhausted. Under the new share repurchase plan, the Company is authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2016. The timing and the amount of any repurchases of common stock will be determined by management based on its evaluation of market conditions and other factors

WD-40 Co. sees FY2015 EPS of $3.07-$3.16, versus the consensus of $3.02.

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



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