By Denny Jacob
WD-40 issued guidance for fiscal 2024 in conjunction with its latest quarterly results.
The San Diego, Calif.-based company forecast sales growth in the range of 6% to 12% with sales expected to be between $570 million and $600 million on an adjusted constant currency basis.
Net income is projected to be in the range of $65 million to $70 million for the period, while earnings per share is expected to be between $4.78 and $5.15.
“We are focused on long-term value creation and our guidance for fiscal year 2024 reflects that goal,” said Chief Financial Officer Sara Hyzer.
WD-40’s guidance comes as the company posted higher top- and bottom-line results in its fourth quarter. Chief Executive Steve Brass said WD-40 saw significant improvement through the second half of fiscal 2023 as sales volumes recovered.
Write to Denny Jacob at [email protected]
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