WD-40 pany(US:WDFC)2025-04-08 14:30Q2 FY25 Financial Performance - Net sales increased by 5% to $146.1 million, compared to $139.1 million in Q2 FY24[12] - Gross margin improved by 220 basis points to 54.6%, compared to 52.4% in Q2 FY24[12] - Operating income increased by 11% to $23.3 million, compared to $20.9 million in Q2 FY24[12] - Net income increased significantly by 92% to $29.9 million, compared to $15.5 million in Q2 FY24[12] - Diluted EPS also increased by 92% to $2.19, compared to $1.14 in Q2 FY24, which includes a $0.87 positive impact from a one-time income tax adjustment[12] Segment Performance - Americas segment sales increased by 3%, representing 45% of global net sales[14] - EIMEA segment sales increased by 10%, representing 41% of global net sales[19] - Asia-Pacific segment sales increased by 1%, representing 14% of global net sales[22] Growth and Strategy - The company targets mid-to-high single-digit CAGR for total company maintenance products[30] - The company is focused on four must-win battles: lead geographic expansion, accelerate premiumization, drive WD-40 Specialist growth, and turbo-charge digital commerce[34] - E-commerce sales increased by 9% year-to-date[36] FY25 Guidance (Pro Forma) - The company expects net sales between $600 million and $630 million, representing a 6% to 11% growth over FY24 pro forma results[51] - Gross margin is expected to increase to between 55% and 56%[51] - Diluted EPS is projected to be between $5.25 and $5.55, based on 13.5 million shares outstanding[51]