WD-40 Co (NASDAQ:WDFC) stock fell 1.75% (As on April 10, 11:22:15 AM UTC-4, Source: Google Finance) after the company reported second quarter results that missed earnings expectations while revenue exceeded analyst estimates. Gross margin expanded to 55.6% from 54.6% in the prior year quarter. Recent supply chain initiatives are supporting gross margin in the near term. Operating income rose 13% to $26.3 million. Net income was $20.3 million, a decrease of 32 percent from the prior year fiscal quarter.

Moreover, the total net sales in the Americas increased 10 percent compared to the prior year quarter, driven by an 11 percent increase in maintenance product sales. This growth was primarily attributable to higher sales of WD-40 Multi-Use Product in the United States, where net sales rose by $5.0 million or 15 percent. United States sales grew primarily from higher volumes at select customers and online retailers driven by increased promotional activity and expanded distribution, along with modest price increases implemented in the first quarter of fiscal 2026. Total net sales in EIMEA increased 9 percent compared to the prior year quarter driven by a 12 percent increase in maintenance product sales. Total net sales in Asia-Pacific increased 19 percent compared to the prior year quarter, primarily due to a 21 percent increase in sales of maintenance products.

WDFC in the second quarter of FY 26 has reported the adjusted earnings per share of $1.32, missing the analysts’ estimates for the adjusted earnings per share of $1.40. The company had reported the adjusted revenue growth of 11 percent to $161.7 million in the second quarter of FY 26, beating the analysts’ estimates for revenue of $154.9 million. Maintenance product sales, which represent the company’s core strategic focus, increased 13%, or 6% in constant currency to $156.8 million.

WD-40 reaffirmed its fiscal year 2026 guidance, projecting net sales between $630 million and $655 million, representing growth of 5% to 9%. The company expects diluted earnings per share in the range of $5.75 to $6.15, reflecting anticipated growth of 5% to 12%. Looking ahead, the company has clear visibility into the second half of the fiscal year. In the United States, robust promotional activity is expected to drive high single‑digit to low double‑digit growth in the Americas this fiscal year. Alongside improving momentum in EIMEA and Asia‑Pacific, this performance is expected to help mitigate uncertainty related to any global economic and geopolitical conditions that may impact other areas of the business.