Filing Flows › WD 40 (WDFC) › Q2 FY25
WD 40 (WDFC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 9, 2025
WD 40 (WDFC) reported revenue of $146M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and -5% from the quarter before. Operating margin was 15.9%, net earnings $29.9M (20.4% of revenue).
WD 40, Q2 FY25: revenue $146M (+5% year over year), operating margin 15.9%, net earnings $29.9M, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | -5% | +5% |
| Gross profit | $79.7M | -5% | +9% |
| Operating profit | $23.3M | -7% | +11% |
| Net earnings | $29.9M | +58% | +92% |
| Operating cash flow | $8.0M | -47% | -56% |
| Free cash flow | $6.6M | -54% | -60% |
What changed
Revenue was $146.1M in Q2 FY25, up 5% year over year and down 5% from the previous quarter. WD-40 Multi-Use Product was the largest line at 78% of revenue. WD-40 Multi-Use Product added $6.5M year over year (up 6%), 92% of the total change. HCCP declined 14%.
Gross margin was 54.6%, up 2.1 points from a year earlier. Operating profit was $23.3M, a 15.9% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 15% margin then. Operating expenses grew 9% against revenue growth of 5%. Net earnings were $29.9M, up 92% year over year. The effective tax rate was -33.0%.
Operating cash flow was $8.0M (down 56% year over year), 27% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $26.5M. Capital expenditures of $1.4M left free cash flow of $6.6M.
Questions
What was WD 40's revenue in the second quarter fiscal 2025?
WD 40 (WDFC) reported revenue of $146M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and -5% from the quarter before.
Was WD 40 profitable in the second quarter fiscal 2025?
Operating profit was $23.3M (15.9% of revenue) and net earnings $29.9M.
Source: WD 40 10-Q on SEC EDGAR.