WD-40 Co. (WDFC) Reports In-Line Q1 EPS, Reaffirms Guidance

WD-40 Co. (NASDAQ: WDFC) reported Q1 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $101.3 million versus the consensus estimate of $99.1 million.

Guidance

The Company reaffirmed its guidance for fiscal year 2019 as follows:

• Net sales growth is projected to be between 4 and 7 percent with net sales expected to be between $425 million and $437 million.
• Gross margin percentage for the full year is expected to be near 55 percent.
• Advertising and promotion investments are projected to be between 5.5 and 6.0 percent of net sales.
• The provision for income tax is expected to be between 21 and 22 percent.
• Net income is projected to be between $62.2 million and $63.2 million.
• Diluted earnings per share is expected to be between $4.51 and $4.58 based on an estimated 13.8 million weighted average shares outstanding.

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

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