WD-40 pany(US:WDFC)2025-10-22 20:09Financial Performance - Total net sales for fiscal year 2025 were $620.0 million, an increase of 5 percent compared to the prior fiscal year[4] - Net income for the fourth quarter was $21.2 million, an increase of 27 percent compared to the prior year fiscal quarter[4] - Diluted earnings per share for the fourth quarter were $1.56, an increase of 27 percent compared to the prior year fiscal quarter[4] - Net sales for the fiscal year ended August 31, 2025, increased to $619,985,000, up from $590,557,000 in the previous year, representing a growth of 4.8%[33] - Net income for the fiscal year ended August 31, 2025, reached $90,994,000, a significant rise from $69,644,000 in 2024, marking an increase of 30.7%[33] - Basic earnings per share for the fiscal year ended August 31, 2025, was $6.70, compared to $5.12 in 2024, indicating a growth of 30.8%[33] Sales and Market Segments - Maintenance product sales increased by 6 percent in both the fourth quarter and the full fiscal year, reinforcing long-term growth targets[5] - The Americas segment represented 47 percent of total net sales in the fourth quarter, with a 2 percent decrease in net sales compared to the prior year[11] - The EIMEA segment saw a 7 percent increase in net sales in the fourth quarter, primarily driven by WD-40 Multi-Use Product sales[11] - Asia-Pacific segment net sales increased by 28 percent in the fourth quarter, largely due to broader distribution and geographic expansion[18] Guidance and Future Outlook - Fiscal year 2026 guidance projects net sales growth between 5 and 9 percent, with expected net sales between $630 million and $655 million[24] - The company plans to accelerate share repurchase activity, reflecting strong confidence in long-term business fundamentals[7] Assets and Liabilities - Total current assets as of August 31, 2025, amounted to $284,956,000, an increase from $255,441,000 in 2024, representing an increase of 11.6%[31] - Total liabilities decreased to $207,657,000 as of August 31, 2025, down from $218,513,000 in 2024, a reduction of 5%[31] - Cash and cash equivalents at the end of the period increased to $58,130,000 from $46,699,000, reflecting a growth of 24.5%[35] Operating Expenses and Tax - Operating expenses for the fiscal year ended August 31, 2025, totaled $237,550,000, compared to $218,876,000 in 2024, an increase of 8.5%[33] - The company reported a tax benefit of $11,929,000 from the release of an uncertain tax position, which is not reflective of ongoing operational results[35] Strategic Changes - The company divested its 1001 and 1001 Carpet Fresh brands late in the fourth quarter of fiscal year 2025, indicating a strategic shift in product offerings[29] Gross Margin and Profit - Gross margin for the full fiscal year was 55.1 percent, exceeding the target of 55 percent[6] - Gross profit for the fiscal year ended August 31, 2025, was $341,343,000, compared to $315,227,000 in 2024, reflecting an increase of 8.3%[33]