WD-40 Company Revised Guidance
SAN DIEGO, Oct. 7, 2005 -- WD-40 Company has revised its guidance for the full year. In fiscal year 2005, WD-40 Company now expects to achieve earnings per share of $1.55 - $1.65 based on 16.8 million shares outstanding.
The Company also announced its board of directors declared a regular quarterly dividend on October 6, 2005 of $.22 per share, payable October 28, 2005 to stockholders of record on October 17, 2005.
The Company also announced its 4th quarter earnings release has been moved to November 7,2005 at 2pm (Pacific time). The rescheduled date is due to the longer time requirements needed to complete the new internal control audit of internal controls over financial reporting, as the Company is in its initial year of adoption of Section 404 of the Sarbanes Oxley Act of 2002.
WD-40 Company, with headquarters in San Diego, is a global consumer products company dedicated to building brand equities that are first or second choice in their respective categories. The company will leverage and build the brand fortress of WD-40 Company by developing and acquiring brands that deliver a unique high value to end users and that can be distributed across multiple trade channels in one or more areas of the world. WD-40 Company produces multi-purpose lubricants, WD-40(R), and 3-IN-ONE(R), the Lava(R) and Solvol(R) brands of heavy-duty hand cleaners, and household products 2000 Flushes(R), X-14(R), Carpet Fresh(R), Spot Shot(R) and 1001(R). WD-40 Company markets its products in more than 160 countries worldwide and recorded sales of $242.5 million in 2004. Additional information about WD-40 Company can be obtained online at www.wd40.com.