WD-40 Company (WDFC) Releases Q2 2026 Earnings: Revenue Up, EPS Down Despite Beat

WD-40 Company ($WDFC) reported second-quarter 2026 results showing top-line growth and stronger gross margin, while earnings per share and net income declined versus a year ago.

Revenue: $161.7 million (up 10.65% year-over-year), beating the consensus estimate of $158.0 million.

Gross profit: $89.9 million (up 12.83% year-over-year).

Operating profit: $26.3 million (up 12.92% year-over-year).

Net income attributable to common shareholders: $20.3 million (down 31.94% year-over-year).

Diluted earnings per share: $1.50 (down 31.51% year-over-year), versus an estimate of $1.45.

Cash flow and balance-sheet highlights:

Cash from operating activities: $14.3 million (up 79.19% year-over-year).

Purchases of property, plant and equipment (capex): $1.8 million (up 29.94% year-over-year).

Cash and cash equivalents: $50.3 million (down 4.99% year-over-year).

Total liabilities: $204.8 million (down 5.24% year-over-year).

Key takeaways:

Revenue and gross-profit gains outpaced expectations, but net income and EPS fell sharply year-over-year.

Strong operating cash flow provided a notable offset to the profit decline.

Higher capital spending alongside a reduction in liabilities suggests measured reinvestment with improving balance-sheet metrics.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

WD-40 Company Insider Trading Activity

WD-40 Company insiders have traded $WDFC stock on the open market 7 times in the past 6 months. Of those trades, 7 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $WDFC stock by insiders over the last 6 months:

DAVID PENDARVIS has made 2 purchases buying 947 shares for an estimated $207,493 and 0 sales.
DANIEL T CARTER purchased 1,000 shares for an estimated $199,370
ERIC ETCHART purchased 500 shares for an estimated $97,010
STEVEN A BRASS (President and CEO) purchased 362 shares for an estimated $72,566
SARA KATHLEEN HYZER (VP, Finance & CFO) purchased 200 shares for an estimated $40,092
PHENIX Q. KIAMILEV (VP, GC & Chief Compliance Ofcr) purchased 55 shares for an estimated $11,025

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

WD-40 Company Hedge Fund Activity

We have seen 164 institutional investors add shares of WD-40 Company stock to their portfolio, and 177 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BALYASNY ASSET MANAGEMENT L.P. added 148,759 shares (+inf%) to their portfolio in Q4 2025, for an estimated $29,290,647
ROYCE & ASSOCIATES LP added 145,517 shares (+739.8%) to their portfolio in Q4 2025, for an estimated $28,652,297
NORGES BANK removed 131,900 shares (-82.3%) from their portfolio in Q4 2025, for an estimated $25,971,110
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 121,757 shares (-79.1%) from their portfolio in Q4 2025, for an estimated $23,973,953
FIRST TRUST ADVISORS LP added 111,559 shares (+62.5%) to their portfolio in Q4 2025, for an estimated $21,965,967
GCQ FUNDS MANAGEMENT PTY LTD added 104,282 shares (+89.2%) to their portfolio in Q4 2025, for an estimated $20,533,125
MILLENNIUM MANAGEMENT LLC removed 97,375 shares (-66.4%) from their portfolio in Q4 2025, for an estimated $19,173,137

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

WD-40 Company Analyst Ratings

Wall Street analysts have issued reports on $WDFC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 04/06/2026

To track analyst ratings and price targets for WD-40 Company, check out Quiver Quantitative's $WDFC forecast page.