Filing Flows › WD 40 (WDFC) › Q3 FY25
WD 40 (WDFC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 10, 2025
WD 40 (WDFC) reported revenue of $157M for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and +7% from the quarter before. Operating margin was 17.4%, net earnings $21.0M (13.4% of revenue).
WD 40, Q3 FY25: revenue $157M (+1% year over year), operating margin 17.4%, net earnings $21.0M, operating cash flow $35.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +7% | +1% |
| Gross profit | $88.1M | +11% | +7% |
| Operating profit | $27.4M | +18% | +0.7% |
| Net earnings | $21.0M | -30% | +6% |
| Operating cash flow | $35.1M | +340% | +76% |
| Free cash flow | $34.0M | +413% | +82% |
What changed
Revenue was $156.9M in Q3 FY25, up 1% year over year and up 7% from the previous quarter. WD-40 Multi-Use Product was the largest line at 77% of revenue. WD-40 Specialist added $1.8M year over year (up 9%), 96% of the total change. HCCP declined 17%.
Gross margin was 56.2%, up 3.0 points from a year earlier. Operating profit was $27.4M, a 17.4% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 18% margin then. Operating expenses grew 10% against revenue growth of 1%. The fastest-growing cost line was SG&A (+13%). Net earnings were $21.0M, up 6% year over year. The effective tax rate was 23.6%.
Operating cash flow was $35.1M (up 76% year over year), 167% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $10.4M. Capital expenditures of $1.1M left free cash flow of $34.0M.
Questions
What was WD 40's revenue in the third quarter fiscal 2025?
WD 40 (WDFC) reported revenue of $157M for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and +7% from the quarter before.
Was WD 40 profitable in the third quarter fiscal 2025?
Operating profit was $27.4M (17.4% of revenue) and net earnings $21.0M.
Source: WD 40 10-Q on SEC EDGAR.