Benzinga | Oct 19, 2021 04:09PM EDT

WD-40 Sees FY22 EPS $5.24-$5.38 vs $5.73 Est., Sales $522M-$542M vs $489.67M Est.

Fiscal Year 2022 Guidance

The Company issued the following guidance for fiscal year 2022:

* Net sales growth is projected to be between 7 and 11 percent with net sales expected to be between $522 million and $542 million.

* Gross margin percentage for the full year is expected to be between 53 and 54 percent.

* Advertising and promotion investments are projected to be between 5.5 and 6.0 percent of net sales.

* The provision for income tax is expected to be between 21 and 22 percent.

* Net income is projected to be between $71.7 million and $73.6 million.

* Diluted earnings per share is expected to be between $5.24 and $5.38 based on an estimated 13.7 million weighted average shares outstanding.