The lubricant maker's CEO discussed a second-quarter sales headwind, a briskly expanding market, and the power of incremental innovation during the company's recent earnings call.
News & Analysis: WD-40
WDFC earnings call for the period ending February 28, 2019.
The company has delivered a long run of strong earnings performances by keeping it simple for 65 years.
5% earnings growth isn't going to satisfy Wall Steet when it has given WD-40 such a premium valuation.
Bad news from these companies stood out on a positive day for the markets.
On its recent earnings conference call, management discussed core product sales, new investment in research and development, and the company's answer to rising materials costs.
WDFC earnings call for the period ending November 30, 2018.
No, this isn't some flashy high-growth stock. It's WD-40.
Management's comments about WD-40's long-term goals for revenue could change how investors view this stock.
It's an attractive business but at a lofty valuation.