WD-40 Co. (NASDAQ: WDFC) reported Q4 EPS of $0.61, $0.62 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $115.2 million versus the consensus estimate of $117.47 million.

"We are pleased that in a year that presented us with both unexpected opportunities and challenges, our tribe was able to achieve both net sales and earnings results in fiscal year 2021 that reflect new record highs for the Company,\" said Garry Ridge, WD-40 Company\'s chairman and chief executive officer. \"Our maintenance products delivered solid sales increases in the full fiscal year including 22 percent growth of WD-40 Multi-Use Product and 16 percent growth of WD-40 Specialist."

"The dynamics of the pandemic continue to create abnormal swings in our net sales results from period to period. Despite this quarterly volatility, we continue to see strong end-user demand for our maintenance products across the globe and we remain optimistic that many of the new end-users who have interacted with our brands during the pandemic will become permanent users of our maintenance solutions."

"The tribe has never been more aligned and laser-focused on the areas where we believe our future revenue growth will come from. In the fourth quarter we made a thoughtful and deliberate decision to invest significantly in the sales momentum we have been experiencing and increase our investments in brand awareness and market penetration. Though this decision negatively impacted our net income in the fourth quarter, we believe investments in these key strategic areas will drive strong topline growth in the future," concluded Ridge.

GUIDANCE:

WD-40 Co. sees FY2022 EPS of $5.24-$5.38, versus the consensus of $5.76.

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