Stock of the Day - October 16, 2024

WD-40 (WDFC)

$246.79

-$9.57 (-3.7%)

Market Cap: $3.44B

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.

It also offers multi-purpose and specialty drip oils, and spray lubricant products, as well as other specialty maintenance products under the 3-IN-ONE brand name; and professional spray maintenance products and lubricants for the bike maintenance market under the GT85 brand name. In addition, the company provides automatic toilet bowl cleaners under the 2000 Flushes brand name; aerosol and liquid trigger carpet stain and odor eliminators under the Spot Shot brand; room and rug deodorizers under the Carpet Fresh brand name; carpet and household cleaners, and rug and room deodorizers under the 1001 brand; heavy-duty hand cleaner products under the Lava brand name in the United States, as well as under the Solvol brand name in Australia; and automatic toilet bowl cleaners under the X-14 brand name. It sells its products primarily through warehouse club stores, hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, value retailers, grocery stores, online retailers, farm supply, sport retailers, and independent bike dealers. WD-40 Company was founded in 1953 and is headquartered in San Diego, California.

Today's Trend

WD-40 Company (NASDAQ: WDFC) is rising today after posting a strong fiscal third-quarter earnings beat and lifting its outlook for the full year.

WD-40 reported fiscal Q3 EPS of $2.33, easily topping the $1.58 consensus, while revenue rose 24.3% year over year to $195.1 million, also above expectations. WD-40 Company Reports Third Quarter 2026 Financial Results
Management raised FY 2026 guidance, now expecting adjusted EPS of $6.05 to $6.35 and net sales of $675 million to $690 million, signaling stronger-than-expected business momentum. WD-40 Company Reports Third Quarter 2026 Financial Results
The company also announced a new $100 million share repurchase authorization, which investors often view as a sign of confidence in future cash flow. WD-40 Company Reports Third Quarter 2026 Financial Results
Analysts reacted positively as DA Davidson raised its price target to $305 from $270 and reiterated a buy rating, adding to the upbeat tone around the stock. Benzinga

Overall, WDFC appears to be moving higher because investors are focusing on the earnings beat, broad-based sales growth, improved guidance, and fresh capital-return plans.

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WD-40 (WDFC)

About WD-40

Today's Trend

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