WD-40 Sees Stronger Q2 Sales, Reaffirms Full-Year Guidance

Maintenance product sales drive growth, but higher costs could impact profitability in H2

Apr. 16, 2026 at 7:04am

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A high-end, photorealistic studio still-life photograph featuring a polished metal can of WD-40 Multi-Use Product, a premium lubricant bottle, and a set of precision tools arranged elegantly on a clean, monochromatic background, conveying a sense of quality, durability, and technical expertise.WD-40's premium maintenance products and tools symbolize the company's commitment to quality and innovation.San Diego Today

WD-40 Company reported fiscal second-quarter 2026 results that showed strengthening momentum, led by higher maintenance product sales and a continued push into premium formats and e-commerce. Consolidated net sales were $161.7 million, up 11% from the prior-year quarter, with maintenance products representing roughly 97% of quarterly net sales. The company reaffirmed its full-year fiscal 2026 guidance on a pro forma basis, though noted heightened oil-cost risk could impact profitability metrics.

Why it matters

WD-40's strong Q2 performance highlights the continued demand for its core maintenance products, particularly in the U.S. and key international markets. However, the company cautioned that rising costs for petroleum-based specialty chemicals could pressure margins in the second half of the fiscal year, underscoring the need to navigate inflationary pressures.

The details

President and CEO Steve Brass said consolidated net sales were $161.7 million, up 11% from the prior-year quarter. Maintenance products remained the company's core focus and represented roughly 97% of quarterly net sales, with maintenance product sales of $156.8 million up 13% year-over-year. In the Americas, sales of $71.8 million were up 10%, driven by a 15% increase in U.S. maintenance product sales. In EIMEA, sales were $64.9 million, up 9% on a reported basis, though down 3% on a constant-currency basis. Asia-Pacific sales increased 19% to $25 million, or 16% on a constant-currency basis. Gross margin improved to 55.6%, up 100 basis points, though the company cautioned of potential margin pressure in the fourth quarter due to higher costs for petroleum-based inputs.

  • WD-40 reported fiscal second-quarter 2026 results on April 16, 2026.
  • The company's board approved a quarterly cash dividend of $1.02 per share on March 16, 2026.
  • WD-40 increased the pace of share repurchases during the quarter, with about $14 million remaining under the authorization that expires at the end of fiscal 2026.

The players

Steve Brass

President and CEO of WD-40 Company.

Sara Hyzer

Vice President and CFO of WD-40 Company.

WD-40 Company

A San Diego-based company best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. The company has broadened its portfolio to include complementary maintenance and cleaning brands.

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What they’re saying

“Consolidated net sales were $161.7 million, up 11% from the prior-year quarter. Maintenance products remained the company's core focus and represented roughly 97% of quarterly net sales, with maintenance product sales of $156.8 million up 13% year-over-year.”

— Steve Brass, President and CEO

“Subsequent to quarter-end, geopolitical developments in the Middle East contributed to higher costs for certain petroleum-based specialty chemicals and other inputs. We typically see a 90- to 120-day lag before raw material changes affect cost of goods sold due to production and inventory cycles. Based on current inventory levels, we do not expect gross margin to be 'significantly impacted' until the fourth quarter of fiscal 2026.”

— Sara Hyzer, Vice President and CFO

What’s next

The company plans to launch a bio-based multi-use lubricant in several European markets in the second half of fiscal 2026, which could roll out globally next fiscal year. WD-40 also continues to advance the divestiture process for its Americas homecare and cleaning brands, though there is no assurance a transaction will be completed.

The takeaway

WD-40's strong second-quarter performance underscores the resilience of its core maintenance product business, particularly in the U.S. and key international markets. However, the company faces potential margin pressure in the second half of the fiscal year due to rising costs for petroleum-based inputs, highlighting the need to navigate inflationary headwinds. The planned launch of a bio-based lubricant could help diversify the company's product portfolio over the long term.