Record Sales Growth
WD-40 Company reported consolidated net sales of $163 million for the fourth quarter and $620 million for the full fiscal year, each reflecting approximately 5% growth compared to the prior year.
Gross Margin Improvement
The company delivered a gross margin of 55.1% for the full fiscal year, surpassing their target and representing a significant improvement from previous years.
Strong Performance in EMEA and Asia Pacific
Sales in the EMEA region grew 7%, while Asia Pacific saw a 28% increase driven by strong demand in markets like Indonesia, Malaysia, and Singapore.
Strategic Divestitures
The company completed the divestiture of its UK Home Care and Cleaning product businesses, allowing a sharper focus on higher growth, higher margin maintenance products.
Operational Excellence
Achieved global on-time delivery of 96.4% and significant cost reductions through initiatives like packaging enhancements and logistics efficiencies.