WD-40 Company down 2% post Q2 results

|About: WD-40 Company (WDFC)|By:, SA News Editor

WD-40 Company (WDFC -2.4%) reports Q2 Revenue of $101.26M (+4.9% Y/Y) where, $92.3M & $8.9M was from Maintenance products & Homecare and cleaning products respectively.

Gross margin was 55.1% Y/Y, operating margin of +19.15% Y/Y & net income of $14.8M (+20% Y/Y)

FY18 Guidance: Net revenue growth of 7-9%, to $407-415M; gross margin 55%; advertising & promotion investments projected to be near 6% & net income of $56.6-57.5M

Previously: WD-40 beats by $0.10, misses on revenue (April 5)

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