WD-40 Company

WD-40 Company produces lubricants, hand cleaners, and household cleaners worldwide. Its products include WD-40, a multi-purpose product, which acts as a lubricant, rust preventative, penetrant, cleaner, and moisture displacer; WD-40 Specialist, a line of best-in class specialty maintenance products; 3-IN-ONE Oil, a drip oil for household consumers that has application in the areas of locksmithing, HVAC, marine, farming, construction, and jewelry manufacturing, as well as household consumer applications; and a range of heavy-duty hand cleaner products, including bar soaps and liquid cleaners under the Lava and Solvol brands. The company also offers X-14 line of liquid mildew stain removers, liquid daily shower cleaners, automatic toilet bowl cleaners, and aerosol and liquid all-purpose bathroom cleaners; 2000 Flushes line of automatic toilet bowl cleaners; Carpet Fresh rug and room deodorizers; aerosol and liquid carpet stain removers under the Spot Shot brand name; and carpet and household cleaners under the 1001 brand name. The company was founded in 1953 and is headquartered in San Diego, California.

Type
Public
HQ
San Diego, US
Founded
1953
Size (employees)
445 (est)+3%
Website
wd40.com
WD-40 Company was founded in 1953 and is headquartered in San Diego, US

WD-40 Company Office Locations

WD-40 Company has an office in San Diego
San Diego, US (HQ)
1061 Cudahy Pl

WD-40 Company Data and Metrics

WD-40 Company Financial Metrics

WD-40 Company's revenue was reported to be $98.2 m in Q3, 2017
USD

Revenue (Q3, 2017)

98.2 m

Gross profit (Q3, 2017)

54.3 m

Gross profit margin (Q3, 2017), %

55%

Net income (Q3, 2017)

14.4 m

EBIT (Q3, 2017)

20.6 m

Market capitalization (25-Jul-2017)

1.5 b

Cash (31-May-2017)

32.2 m
WD-40 Company's current market capitalization is $1.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

368.5 m383 m378.2 m380.7 m

Revenue growth, %

4%(1%)1%

Cost of goods sold

179.4 m184.1 m178 m166.3 m

Gross profit

189.2 m198.9 m200.2 m214.4 m

Gross profit Margin, %

51%52%53%56%

General and administrative expense

104.4 m108.6 m108.9 m117.8 m

Operating expense total

132.5 m135.1 m134.8 m143 m

EBIT

56.6 m63.7 m65.4 m71.3 m

EBIT margin, %

15%17%17%19%

Interest expense

(693 k)(1 m)(1.2 m)(1.7 m)

Interest income

506 k596 k584 k683 k

Pre tax profit

56.9 m63 m63.1 m72.8 m

Income tax expense

17.1 m19.2 m18.3 m20.2 m

Net Income

39.8 m43.7 m44.8 m52.6 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Revenue

96.4 m97.3 m92.5 m92.5 m94.6 m96.4 m89.2 m96.5 m98.2 m

Cost of goods sold

46.7 m46.1 m43.2 m41.1 m42.2 m41.6 m38.2 m42.1 m43.9 m

Gross profit

49.7 m51.2 m49.3 m51.4 m52.4 m54.8 m51 m54.5 m54.3 m

Gross profit Margin, %

52%53%53%56%55%57%57%56%55%

General and administrative expense

27.4 m27.4 m26.6 m27.8 m28.7 m29.2 m29 m29.8 m27.6 m

Operating expense total

27.4 m27.4 m26.6 m27.8 m28.7 m29.2 m29 m29.8 m27.6 m

EBIT

15.6 m17.6 m16.4 m17.1 m17.9 m18.7 m16.5 m18.9 m20.6 m

EBIT margin, %

16%18%18%19%19%19%19%20%21%

Interest expense

(294 k)(275 k)(343 k)(372 k)(417 k)(433 k)(531 k)(598 k)(693 k)

Interest income

134 k178 k113 k148 k183 k186 k147 k133 k112 k

Pre tax profit

15.5 m16.1 m15.7 m16.9 m19 m17.6 m16.4 m18.4 m20.3 m

Income tax expense

4.7 m4.8 m4.7 m4.8 m5.3 m5 m4.6 m6 m5.8 m

Net Income

10.8 m11.3 m11 m12.1 m13.7 m12.7 m11.8 m12.4 m14.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

53.4 m57.8 m53.9 m50.9 m

Accounts Receivable

62.6 m73.3 m73.6 m75.2 m

Inventories

32.4 m35 m32.1 m31.8 m

Current Assets

192.1 m215.7 m205.3 m209.5 m

PP&E

8.5 m9.7 m11.4 m11.5 m

Goodwill

95.2 m95.5 m96.4 m95.6 m

Total Assets

323.1 m347.7 m339.3 m339.7 m

Accounts Payable

19.7 m18 m17.1 m18.7 m

Current Liabilities

117.6 m151.9 m48 m58.7 m

Total Liabilities

199.3 m

Additional Paid-in Capital

133.2 m136.2 m141.7 m145.9 m

Retained Earnings

214 m237.6 m260.7 m289.6 m

Total Equity

179.5 m169.4 m157.9 m140.4 m

Financial Leverage

1.8 x2.1 x2.1 x2.4 x
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

46.4 m43.7 m46.9 m65.1 m42.3 m47.4 m33.5 m33.6 m32.2 m

Inventories

33.9 m34.7 m33.2 m35.6 m36.1 m33.2 m34.2 m38 m36.5 m

Current Assets

196.2 m203.4 m200.4 m217.4 m214.4 m218.5 m194.5 m211.5 m216.3 m

PP&E

10.1 m10.2 m11.2 m10.8 m11.2 m12.1 m22 m22.3 m25.5 m

Goodwill

96.5 m96.4 m96.4 m96.3 m95.9 m96.2 m95.4 m95.4 m95.6 m

Total Assets

331.3 m337.7 m335 m349.9 m345.2 m349.9 m333.7 m350.3 m357.8 m

Accounts Payable

17.4 m23 m18.5 m20.7 m17.5 m20.4 m18.1 m21.8 m18.6 m

Current Liabilities

145.3 m151.6 m45.7 m50.9 m53.8 m54.5 m64 m66.6 m70.2 m

Additional Paid-in Capital

137.2 m138.6 m140.1 m141.8 m143.5 m144.3 m146.5 m148.5 m149.8 m

Retained Earnings

243.4 m249.1 m254.5 m267.2 m274.8 m281.4 m295.4 m300.8 m308.3 m

Total Equity

160.1 m160.6 m156 m153.8 m146.7 m150.7 m128.4 m129.6 m134.3 m

Financial Leverage

2.1 x2.1 x2.1 x2.3 x2.4 x2.3 x2.6 x2.7 x2.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

39.8 m43.7 m44.8 m52.6 m

Depreciation and Amortization

5.9 m6.5 m

Accounts Receivable

(5.8 m)(9.9 m)

Inventories

32.4 m(2.2 m)32.1 m(1 m)

Accounts Payable

19.7 m(1.2 m)17.1 m8.8 m

Cash From Operating Activities

38.7 m60.6 m

Purchases of PP&E

(4.1 m)(4.4 m)

Cash From Investing Activities

(10.5 m)(20.9 m)

Dividends Paid

(20.2 m)(23.7 m)

Cash From Financing Activities

(25.8 m)(38.5 m)

Interest Paid

915 k1.6 m
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

10.8 m11.3 m11 m12.1 m13.7 m12.7 m11.8 m12.4 m14.4 m

Inventories

33.9 m34.7 m33.2 m35.6 m36.1 m33.2 m34.2 m38 m36.5 m

Accounts Payable

17.4 m23 m18.5 m20.7 m17.5 m20.4 m18.1 m21.8 m18.6 m
Y, 2017

Financial Leverage

2.7 x

WD-40 Company Market Value History

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