WD-40 Company reported first-quarter results that fell short of consensus expectations, with revenue increasing by just 1% year-over-year and diluted earnings per share declining by 8%. Gross margin expanded by 140 basis points, driven by higher-margin specialty products, but these gains were offset by a 200 basis point rise in selling, general and administrative expenses linked to growth initiatives and distributor marketing support. With EPS growth for fiscal 2026 now expected to be flat or slightly negative, the stock is trading at more than 30 times forward earnings, leaving little margin for error if top-line momentum stalls further.

Headquartered in San Diego, California, WD-40 Company recorded net sales of $620.0 million in fiscal 2025 and distributes maintenance, homecare and cleaning solutions in over 176 countries and territories. The Company’s diverse brand portfolio includes WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes® and Solvol®. Management is targeting annualized revenue growth of 6.5% in the Americas, 9.5% in Europe and 11.5% in Asia over the long term, driven by premiumization strategies and expanded distribution in emerging markets.

WD-40 Company will present at the 28th Annual ICR Conference in Orlando on January 13, 2026, with CEO Steve Brass and CFO Sara Hyzer hosting a live webcast. The session, available on the investor relations website, is expected to provide further detail on margin expansion plans, growth investments and capital allocation priorities including share repurchase capacity and dividend strategy. The presentation will be archived for 90 days following the event.