WD-40 shares jump after blowout quarterly earnings

WD-40 shares jumped on Friday after the consumer-products company reported stronger-than-expected fiscal third-quarter earnings and raised its full-year outlook.

The stock rose sharply in trading after the company posted revenue of about $195.1 million, according to multiple reports. Coverage said sales grew about 24% from a year earlier, with gains across the Americas, Asia-Pacific and EIMEA regions.

Higher Outlook

WD-40 also lifted guidance for the full fiscal year, a sign that management sees the recent momentum continuing beyond one quarter. Investors rewarded the combination of a revenue beat and a better outlook, sending the shares higher as the market digested the report.

The company’s chief executive, Steven Brass, pointed to expanded distribution, e-commerce sales, promotional activity and a limited-edition "King of the Hill" can collaboration with Disney and Home Depot as contributors to the quarter’s strength, according to Barron’s.

What Stood Out

WD-40 is best known for its WD-40 Multi-Use product, but it also sells cleaning and maintenance items. The report stood out because it showed a mature consumer brand still finding growth across several regions at a time when investors have been focused heavily on larger technology and artificial intelligence names.

There was one unresolved detail in early coverage: reported diluted earnings per share differed across outlets, with one report citing $2.24 and another citing $2.33. The revenue beat, stock reaction and higher guidance were consistent across reports.

Investors will now be watching whether the gain holds into the close and through the next trading session, and whether WD-40’s full earnings release or SEC filing adds more detail on the quarter and the updated outlook.