WD-40 Still Has Some Squeaky Gears: Fool by Numbers

On Jan. 9, WD-40 (Nasdaq: WDFC  ) released first-quarter earnings for the 2007 fiscal year for the period ended Nov. 30, 2006.

  • Click here to read the full story on WD-40's earnings.
  • Although revenue increased 7%, the bottom line fell by 24% because of an increase in marketing investment and internal infrastructure.
  • Global sales remain strong, with Europe advancing 29% and the Asia/Pacific region up 23% over last year. An operation in China is slated to be fully operational in March of this year.
  • WD-40 is a two-star stock in Motley Fool CAPS. To share your two cents, join CAPS and make your opinion known today.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$71,956

$67,215

7.1%

Net Profit

$5,694

$7,513

(24.2%)

EPS

$0.33

$0.45

(26.7%)

Diluted Shares

17,241

16,777

2.8%



Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

47.91%

48.08%

(0.17)

Operating Margin

13.39%

18.57%

(5.18)

Net Margin

7.91%

11.18%

(3.27)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$46,436

$34,264

35.5%

Trade Accounts Rec.

$40,626

$37,349

8.8%

Inventory

$15,669

$10,211

53.5%



Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$15,245

$14,049

8.5%

Long-Term Debt*

$53,571

$64,285

(16.7%)

*Includes current portion of long-term debt.

Learn the ways of the balance sheet.

Cash Flow Highlights

Q1 2007

Q1 2006

Change

Cash From Ops.

$14,298

$12,385

15.4%

Capital Expenditures

$550

$989

(44.4%)

Free Cash Flow

$13,748

$11,396

20.6%



Find out why Fools always follow the money.

Related Companies:

  • Church & Dwight Company (NYSE: CHD  )
  • Clorox (NYSE: CLX  )

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Katrina Chan had no positions in any company mentioned. Fool rules are here.


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