WD-40 Company is a global manufacturer and marketer of maintenance products, most notably known for its signature multi-use lubricant spray
The company develops a diverse range of products designed to clean, protect, and lubricate various surfaces and materials, catering to both consumer and industrial markets. In addition to its flagship WD-40 product, the company offers a variety of specialty products including cleaners, degreasers, and rust prevention solutions. WD-40 Company emphasizes innovation and sustainability in its product development, striving to meet the needs of customers across different sectors, including automotive, home improvement, and industrial applications.
Household products company WD-40 (NASDAQWDFC) announced better-than-expected revenue in Q4 CY2024, with sales up 9.3% year on year to $153.5 million. On the other hand, the company’s full-year revenue guidance of $615 million at the midpoint came in 1.3% below analysts’ estimates. Its GAAP profit of $1.39 per share was 10.3% above analysts’ consensus estimates.
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WD-40’s 15.9% return over the past six months has outpaced the S&P 500 by 8.2%, and its stock price has climbed to $259.09 per share. This run-up might have investors contemplating their next move.
Technology stocks, specifically chipmakers, could lead from the front on Thursday as a stellar third-quarter earnings report from Taiwan Semiconductor Manufacturing Company Ltd.
The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels.
