WD-40 Shares Plunge 4.36% Despite 48% Net Income Surge

WD-40(WDFC) shares rose 1.77% today, marking the lowest share price since October 2023, with an intraday decline of 4.36%.

WD-40 Co reported strong financial results for the second quarter of 2025, which are likely influencing its stock price. The company saw a 5% increase in net sales and improved gross margins, despite challenges such as foreign currency headwinds and tariff impacts. Net income surged by 48%, with net sales increasing by 7% to $299.6 million compared to the same period last year. The Signature brand experienced significant growth, with a 16% increase in EIMEA and a 7% increase in the Americas, although this was partially offset by a 4% sales decline in Asia Pacific. WD-40 Specialist sales increased by $1.8 million, or 12%, primarily due to new distribution and increased demand in the United States. These positive financial results and growth metrics are relevant factors contributing to changes in WDFC's stock price.