WD-40 (WDFC) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, April 10, 2026 astatine 9:16 AM CDT 44 min read

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Thursday, April 9, 2026 astatine 5 p.m. ET

• President and Chief Executive Officer — Steven Brass

• Vice President and Chief Financial Officer — Sara Hyzer

Steve Brass; and Vice President and Chief Financial Officer, Sara Hyzer. In summation to the fiscal accusation presented connected today's call, we promote investors to reappraisal our net presentation, net property merchandise and Form 10-Q for the play ending February 28, 2026. These documents volition beryllium made disposable connected our Investor Relations website astatine investor.wd40company.com. A replay and transcript of today's telephone volition besides beryllium made disposable soon aft this call. On today's call, we volition sermon definite non-GAAP measures. The descriptions and reconciliations of these non-GAAP measures are disposable successful our SEC filings arsenic good arsenic our net documents posted connected our Investor Relations website.

As a reminder, today's telephone includes forward-looking statements astir our expectations for the company's aboriginal performance. Actual results could disagree materially. The company's expectations, beliefs and projections are expressed successful bully faith, but determination tin beryllium nary assurance that they volition beryllium achieved oregon accomplished. Please notation to the hazard factors elaborate successful our SEC filings for further discussions. Finally, for anyone listening to a webcast replay oregon reviewing a written transcript of this call, delight enactment that each accusation presented is existent lone arsenic of today's date, April 9, 2026. The institution disclaims immoderate work oregon work to update immoderate forward-looking accusation arsenic a effect of caller information, aboriginal events oregon otherwise.

With that, I'd present similar to crook the telephone implicit to Steve.

Steven Brass: Thanks, Wendy, and acknowledgment to everyone for joining america today. I'll statesman with an overview of our income show for the 2nd fiscal 4th of 2026, followed by an update connected the advancement we've made crossed prime areas of our Four-by-Four Strategic Framework. Sara volition past locomotion done the details of our 2nd 4th results, recap our concern model, stock a little update connected the divestiture of our homecare and cleaning concern and reappraisal our guidance for fiscal 2026 and volition reason by taking your questions. Today, we reported consolidated nett income of $161.7 million, an summation of 11% compared to past year.

Let's walk a fewer moments looking much intimately astatine those results and the factors contributing to our performance. Maintenance products proceed to beryllium our halfway strategical focus, accounting for astir 97% of full nett income this quarter. Net income successful this class totaled $156.8 million, reflecting a 13% summation year-over-year. On a changeless currency basis, nett income successful this class accrued 6% year-over-year, successful enactment with our semipermanent maturation expectations for attraction products. As a reminder, we spell to marketplace done a premix of nonstop operations, which represents astir 80% of planetary income and selling distributors, which relationship for the remaining 20%.