WD-40 Co. (WDFC) Misses Q2 EPS by 3c, Offers FY Guidance

April 6, 2017 4:06 PM EDT

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WD-40 Co. (NASDAQ: WDFC) reported Q2 EPS of $0.87, $0.03 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $96.5 million versus the consensus estimate of $99.79 million.

GUIDANCE:

WD-40 Co. sees FY2017 EPS of $3.64-$3.71, versus the consensus of $3.64.

  • Net sales growth is projected to be between 2 and 4 percent with net sales expected to be between $390 million and $395 million.
  • Gross margin percentage for the full year is expected to be above 56 percent.
  • Advertising and promotion investments are projected to be below 6.0 percent of net sales.
  • Net income is projected to be between $51.3 million and $52.3 million.
  • Diluted earnings per share is expected to be between $3.64 and $3.71 based on an estimated 14.1 million weighted average shares outstanding.

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



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