WD-40 Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2015; Updates Earnings Guidance for the Fiscal Year 2016
The Company updated its guidance for fiscal year 2016. Net sales growth is projected to be between 4 and 6% with net sales expected to be between $393 million and $401 million. Gross margin for the full year is expected to be above 54%. Net income is projected to be between $47.5 million and $48.5 million. Diluted earnings per share is expected to be between $3.30 and $3.37 based on an estimated 14.4 million weighted average shares outstanding. The company expects CapEx in the range of $6 million to $7 million.