WD 40 CO recently released its 10-Q report. WD-40 Company is a San Diego-based global marketer of maintenance and homecare products sold across North America, Central and South America, Asia, Australia, Europe, India, the Middle East, and Africa. Its portfolio includes WD-40 Multi-Use, WD-40 Specialist, 3-IN-ONE, GT85, and household brands such as 2000 Flushes, Spot Shot, Carpet Fresh, Lava, Solvol, X-14, no vac, and 1001, with products sold through hardware, automotive, industrial, mass retail, home center, grocery, online, warehouse club, farm supply, sport, and bike channels.
For the nine months ended May 31, 2026, consolidated net sales rose 12% to $511.2 million from $456.5 million a year earlier. Foreign currency translation added $19.9 million to sales, while constant-currency sales increased 8% to $490.9 million, indicating $34.8 million of underlying growth. Volume contributed about $30.3 million of the increase, and average selling prices added $4.5 million.
Gross profit increased 14% to $287.2 million, and gross margin improved to 56.2% from 55.2%. Operating expenses climbed 12% to $197.3 million, leaving income from operations up 19% to $89.9 million. Net income declined 3% to $68.0 million because the prior-year period included an $11.9 million tax benefit from the release of an uncertain tax position; excluding that item, adjusted net income increased 20% to $68.0 million.
Diluted EPS was $5.02, down from $5.13, while adjusted EPS increased 20% to $5.02 versus $4.26 on a comparable basis. The company returned $62.9 million to stockholders through dividends and share repurchases during the nine-month period.
By segment, Americas sales rose 15% to $244.9 million, EIMEA sales increased 9% to $190.1 million, and Asia-Pacific sales grew 9% to $76.2 million. In the quarter, Americas sales were $101.2 million, EIMEA sales were $66.6 million, and Asia-Pacific sales were $27.3 million.
Within product lines, WD-40 Multi-Use Product generated $397.7 million in nine-month sales, up 13%, and WD-40 Specialist reached $72.9 million, up 22%. Other maintenance products totaled $24.9 million, up 10%, while homecare and cleaning products fell 26% to $15.7 million, reflecting the prior-year sale of the EIMEA HCCP business.
Management said the average price of oil rose sharply in the third quarter of fiscal 2026, increasing input-cost pressure on petroleum-based specialty chemicals. It also said supply chain disruptions in the Middle East affected raw material sourcing and shipping routes tied to India and the Middle East, which represented about 4% of consolidated net sales in the nine months ended May 31, 2026. As a result of these announcements, the company's shares have moved 18.12% on the market, and are now trading at a price of $282.81. For the full picture, make sure to review WD 40 CO's 10-Q report.
