$WDFC

WD 40 CO

CIK:0000105132|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Net sales	$ 195,119	$ 156,915	$ 511,213	$ 456,514
Cost of products sold	84,696	68,804	224,017	204,600
Gross profit	110,423	88,111	287,196	251,914
Operating expenses:
Selling, general and administrative	56,687	51,541	166,805	151,054
Advertising and sales promotion	11,939	9,160	28,951	24,957
Amortization of definite-lived intangible assets	1,461	45	1,558	136
Total operating expenses	70,087	60,746	197,314	176,147
Income from operations	40,336	27,365	89,882	75,767
Other income (expense):
Interest income	156	104	489	358
Interest expense	(794)	(887)	(2,108)	(2,781)
Other income (expense), net	(127)	880	(246)	813
Income before income taxes	39,571	27,462	88,017	74,157
Provision for income taxes	9,355	6,485	20,032	4,404
Net income	$ 30,216	$ 20,977	$ 67,985	$ 69,753
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ 2.24	$ 1.54	$ 5.03	$ 5.13
Diluted (in dollars per share)	$ 2.24	$ 1.54	$ 5.02	$ 5.13
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic (in shares)	13,452	13,544	13,487	13,548
Diluted (in shares)	13,481	13,567	13,512	13,570

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	May 31, 2026	Nov. 30, 2025	May 31, 2025	Nov. 30, 2024	May 31, 2026	May 31, 2025	Aug. 31, 2025
Operating activities:
Net income	$ 30,216	$ 17,451	$ 20,977	$ 18,925	$ 67,985	$ 69,753
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization					7,905	6,099
Amortization of cloud computing implementation costs	400		500		1,319	1,265
Deferred income taxes					(665)	(86)
Tax benefit from release of uncertain tax position					0	(11,929)
Stock-based compensation					6,067	5,716
Unrealized foreign currency exchange (gains) losses					(431)	348
Provision for credit losses					819	1,044
Write-off of inventories					1,398	693
Other					(112)	(87)
Changes in assets and liabilities:
Trade and other accounts receivable					(29,087)	4,644
Inventories					1,330	(2,776)
Other assets					3,144	(6,387)
Operating lease assets and liabilities, net					(514)	(17)
Accounts payable and accrued liabilities					(5,073)	(10,001)
Accrued payroll and related expenses					(1,123)	(205)
Other long-term liabilities and income taxes payable					1,863	(94)
Net cash provided by operating activities					54,825	57,980
Investing activities:
Purchases of property and equipment					(3,924)	(3,177)
Proceeds from sales of property and equipment					545	329
Net cash used in investing activities					(3,379)	(2,848)
Financing activities:
Treasury stock purchases					(22,546)	(9,739)
Dividends paid					(40,306)	(37,504)
Repayments of long-term senior notes					(800)	(800)
Net proceeds from revolving credit facility					14,535	1,605
Shares withheld to cover taxes upon settlement of equity awards					(2,232)	(2,883)
Net cash used in financing activities					(51,349)	(49,321)
Effect of exchange rate changes on cash and cash equivalents					910	(828)
Net increase in cash and cash equivalents					1,007	4,983
Cash and cash equivalents at beginning of period		$ 58,130		$ 46,699	58,130	46,699	$ 46,699
Cash and cash equivalents at end of period	$ 59,137		$ 51,682		59,137	51,682	$ 58,130
Supplemental disclosure of noncash investing activities:
Accrued capital expenditures					$ 770	$ 119

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2026	Aug. 31, 2025
Current assets:
Cash and cash equivalents	$ 59,137	$ 58,130
Trade and other accounts receivable, net	150,052	120,589
Inventories	80,932	79,871
Other current assets	14,581	26,366
Total current assets	304,702	284,956
Property and equipment, net	58,288	60,394
Goodwill	98,349	97,150
Other intangible assets, net	3,844	2,416
Right-of-use assets	16,797	13,534
Deferred tax assets, net	1,282	1,027
Other assets	16,564	16,332
Total assets	499,826	475,809
Current liabilities:
Accounts payable	35,732	37,955
Accrued liabilities	33,899	34,230
Accrued payroll and related expenses	27,451	28,415
Short-term borrowings	15,335	800
Income taxes payable	2,380	857
Total current liabilities	114,797	102,257
Long-term borrowings	85,332	86,195
Deferred tax liabilities, net	8,865	9,375
Long-term operating lease liabilities	10,287	8,423
Other long-term liabilities	1,812	1,407
Total liabilities	221,093	207,657
Commitments and Contingencies (Note 13)
Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]
Common stock — authorized 36,000,000 shares, $0.001 par value; 19,973,934 and 19,954,495 shares issued at May 31, 2026 and August 31, 2025, respectively; and 13,438,128 and 13,527,614 shares outstanding at May 31, 2026 and August 31, 2025, respectively	20	20
Additional paid-in capital	183,900	180,065
Retained earnings	568,344	540,665
Accumulated other comprehensive loss	(22,822)	(24,485)
Common stock held in treasury, at cost — 6,535,806 and 6,426,881 shares at May 31, 2026 and August 31, 2025, respectively	(450,709)	(428,113)
Total stockholders’ equity	278,733	268,152
Total liabilities and stockholders’ equity	$ 499,826	$ 475,809