WD-40 Co. Files Q1 2025 10-Q

TL;DR

**WD40 Q1 2025 10-Q filed. Financials out.**

AI Summary

WD-40 Company filed its 10-Q for the period ending November 30, 2024. The filing covers the first quarter of their fiscal year. Key financial data and operational details for this period are presented, reflecting the company's performance in its specialty chemical products segment.

Why It Matters

This filing provides investors with the latest financial performance data for WD-40 Company, crucial for understanding its current business health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Players & Entities

• WD-40 Company (company) — Filer of the 10-Q
• 2024-11-30 (date) — End of the reporting period
• 2025-01-10 (date) — Date of filing

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share WDFC NASDAQ Global Select Mar

Filing Documents

• wdfc-20241130.htm (10-Q) — 1006KB
• wdfc-20241130xex31_a.htm (EX-31.A) — 10KB
• wdfc-20241130xex31_b.htm (EX-31.B) — 10KB
• wdfc-20241130xex32_a.htm (EX-32.A) — 5KB
• wdfc-20241130xex32_b.htm (EX-32.B) — 4KB
• 0000105132-25-000009.txt ( ) — 5476KB
• wdfc-20241130.xsd (EX-101.SCH) — 38KB
• wdfc-20241130_cal.xml (EX-101.CAL) — 69KB
• wdfc-20241130_def.xml (EX-101.DEF) — 132KB
• wdfc-20241130_lab.xml (EX-101.LAB) — 516KB
• wdfc-20241130_pre.xml (EX-101.PRE) — 337KB
• wdfc-20241130_htm.xml (XML) — 679KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Page Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 31

— OTHER INFORMATION

PART II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32

Other Information

Item 5. Other Information 32 Item 6. Exhibits 33 2 Table of Contents PART 1 — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements WD-40 COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited and in thousands, except share and per share amounts) November 30, 2024 August 31, 2024 Assets Current assets: Cash and cash equivalents $ 54,914 $ 46,699 Trade and other accounts receivable, net 111,433 117,493 Inventories 74,887 79,088 Other current assets 21,567 12,161 Total current assets 262,801 255,441 Property and equipment, net 59,384 62,983 Goodwill 96,584 96,985 Other intangible assets, net 2,287 6,222 Right-of-use assets 10,581 11,611 Deferred tax assets, net 948 993 Other assets 14,739 14,804 Total assets $ 447,324 $ 449,039 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 32,212 $ 35,960 Accrued liabilities 29,132 31,272 Accrued payroll and related expenses 20,581 26,055 Short-term borrowings 23,429 8,659 Income taxes payable 2,148 1,554 Total current liabilities 107,502 103,500 Long-term borrowings 84,552 85,977 Deferred tax liabilities, net 9,228 9,066 Long-term operating lease liabilities 5,297 5,904 Other long-term liabilities 14,448 14,066 Total liabilities 221,027 218,513 Commitments and Contingencies (Note 11) Stockholders' equity: Common stock — authorized 36,000,000 shares, $ 0.001 par value; 19,940,370 and 19,925,212 shares issued at November 30, 2024 and August 31, 2024, respectively; and 13,549,989 and 13,548,581 shares outstanding at November 30, 2024 and August 31, 2024, respectively 20 20 Additional paid-in capital 174,258 175,642 Retained earnings 506,898 499,931 Accumulated other comprehensive loss ( 35,453 ) ( 29,268 ) Common stock held in treasury, at cost — 6,390,381 and 6,376,631 shares at November 30, 2024 and August 31, 2024, respectively ( 419,426 ) ( 415,799 ) Total stockholders' equity 226,297 230,526 Total liabilities and stockholders' equity $ 447,324 $ 449,039 See accompanying notes to condensed consolidated financial statements (unaudited). 3 Table of Con

View Full Filing

View this 10-Q filing on SEC EDGAR