WD-40 Company updated its fiscal 2026 guidance, now expecting reported net sales between $675 million and $690 million after reclassifying its Americas homecare and cleaning brands as held for use. CEO Steven Brass said third-quarter consolidated net sales rose 24% year-over-year to $195.1 million, with maintenance products representing 97% of total net sales and setting a new company record. Gross margin increased 40 basis points to 56.6%, but CFO Sara Hyzer warned of temporary pressure from external cost factors and lowered the full-year gross margin outlook to between 54.5% and 55.5%. The company also announced leadership changes, including the creation of Chief Strategy and Innovation Officer and Chief Brand and Marketing Officer roles, and authorized a new $100 million share repurchase program.
WD-40 CompanyCompany raised FY2026 sales guidance and authorized $100M buyback, signaling confidence.