What caused WDFC's EPS surprises in 2024?

WD-40 Company's (WDFC) EPS fell by -0.11 in 2024, which can be attributed to several key factors:

1. **Revenue Miss in Q2**: Although WD-40's revenue grew by 5% year-on-year to $146.1 million in Q2 2025, it missed analyst estimates by 5.4%. This revenue shortfall, particularly in the second quarter, would have directly impacted the company's earnings per share.
2. **Currency Translation Impact**: The company reported that unfavorable currency translation from its foreign subsidiaries cut its top line by almost $5 million. This foreign exchange related impact would have contributed to the EPS surprise.
3. **Strategic Initiatives and Market Expansions**: WD-40 has been actively pursuing strategic initiatives and market expansions, particularly in the EMEA region. While these initiatives are positive in the long run, they can sometimes lead to increased expenses and affect short-term profitability, impacting EPS.

In summary, WD-40's EPS surprise in 2024 was likely a result of a combination of revenue missing expectations, currency translation impact and strategic initiatives that affected profitability.