WD-40 Co. (WDFC) Reported Better Than Expected Q1 Results

WD-40 Co. (NASDAQ: WDFC) reported its Q1 results, with EPS coming in $1.34, beating the consensus estimate of $1.25. Quarterly revenue grew 8% year-over-year to $134.7 million, compared to the consensus estimate of $129.23 million.

Net sales of maintenance products, the company’s primary growth focus segment, grew 10% year-over-year, and net sales of homecare and cleaning products dropped 15% year-over-year.

Shares of WDFC fell 3.3% despite the better results.

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