WDFC

EX-99.1

2 wdfc-20261021xexx991.htm

EX-99.1

Document

EXHIBIT 99.1

WD-40 Company Reports Fourth Quarter and Fiscal Year 2026 Financial Results

~ Net Sales of Maintenance Products Grew 9% in the Fourth Quarter and 13% for the Fiscal Year ~

~ On a Constant Currency Basis, Net Sales of Maintenance Products Grew 8% in the Fourth Quarter and 9% for the Fiscal Year Aligning with Long-Term Growth Targets ~

~ Fiscal Year 2026 Results In Line with Guidance Across Key Financial Metrics ~

SAN DIEGO — Oct. 21, 2026 — WD-40 Company (Nasdaq: WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its fourth fiscal quarter and fiscal year ended Aug. 31, 2026.

Fiscal Year 2026 Summary (Compared with Fiscal Year 2025)

•Net sales increased 11% to $688.0 million. On a constant currency basis, net sales increased 7% to $666.2 million.

•Net sales of maintenance products increased 13% to $665.9 million. On a constant currency basis, maintenance product sales increased 9% to $644.7 million.

•Gross margin improved to 55.3% compared to 55.1%.

•Selling, general, and administrative expenses increased 13% to $225.0 million.

•Advertising and sales promotion expenses increased 19% to $44.7 million.

•Operating income improved 5% to $108.9 million.

•Net income decreased 10% to $82.3 million, and diluted earnings per share were $6.08, compared with $6.69. The decrease reflects a favorable $11.9 million income tax adjustment in fiscal year 2025 related to the release of an uncertain tax position.⁽¹⁾

•Excluding that prior-year tax benefit and $1.3 million of amortization expense in fiscal year 2026 related to the reclassification of certain homecare and cleaning products in the Americas from held for sale to held for use, non-GAAP operating income improved 6% to $110.2 million, non-GAAP net income increased 6% to $83.7 million and non-GAAP diluted EPS increased 6% to $6.18.

Fourth Quarter Summary (Compared with Fourth Quarter Fiscal Year 2025)

•Net sales increased 8% to $176.8 million. On a constant currency basis, net sales increased 7% to $174.9 million.

•Net sales of maintenance products increased 9% to $170.5 million. On a constant currency basis, maintenance product sales increased 8% to $168.8 million.

•Gross margin decreased to 52.8% compared to 54.7%.

•Selling, general and administrative expenses increased 19% to $58.2 million.

•Advertising and sales promotion expenses increased 26% to $15.8 million.

•Operating income decreased 32% to $19.1 million.

•Net income decreased 32% to $14.4 million, and diluted earnings per share were $1.06, compared with $1.56.

"Fiscal year 2026 demonstrated the resilience of our business and the strength of our execution," said Steve Brass, president and chief executive officer of WD-40 Company. “We grew net sales 11%, grew maintenance product sales at the top of our long-term target range, and delivered results in line with guidance. Our globally decentralized supply chain continued to be a competitive advantage, helping us navigate volatility, deliver exceptional customer service and generate cost savings.

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"Our fourth quarter financial results reflect higher input costs and continued investment in our people and brands. Higher costs for specialty chemicals and other inputs pressured gross margin. Based on what we know today, we believe our fourth quarter of fiscal year 2026 marked the low point for gross margin, and we anticipate sequential improvement beginning in the first quarter of fiscal year 2027. Selling, general and administrative expenses increased primarily due to performance-based incentive compensation earned by every employee, along with higher freight costs to keep products available for customers. Higher advertising and sales promotion expenses supported sales growth and brand building.

"We manage WD-40 Company for the long term. We see significant remaining opportunity for WD-40® Brand around the world and a long runway for growth. A resilient business model, durable competitive advantages, strong cash flow generation and disciplined capital allocation give us confidence in our ability to deliver sustainable growth and create long-term value for stockholders. Most importantly, our people turn that opportunity into results, and their commitment, capability and passion make our business stronger every year," concluded Brass.

Net Sales by Segment (in thousands):

Three Months Ended August 31,Fiscal Year Ended August 31,

20262025DollarsChange20262025DollarsChange

Americas (2) $81,274 $77,472 $3,802 5 %$326,177 $290,599 $35,578 12 %

EIMEA (3)

69,174 62,671 6,503 10 %259,290 236,434 22,856 10 %

Asia-Pacific (4)

26,332 23,328 3,004 13 %102,526 92,952 9,574 10 %

Total$176,780 $163,471 $13,309 8 %$687,993 $619,985 $68,008 11 %

Fourth Quarter Highlights by Segment:

Americas (Compared with F

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