WD 40 CO (WDFC) [Rocket]

In millions, except per share items	May-31-23	Feb-28-23	Nov-30-22	May-31-22	Feb-28-22	Nov-30-21	Aug-31-21	May-31-21
	10-Q	10-Q	10-Q	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Americas	71.1			61.5
Asia-Pacific	18.1			12.8
EMEA	52.5			49.5
Total revenues	141.7	130.2	124.9	123.7	130.0	134.7	115.8	136.4
Revenue growth [+]	14.6%	0.2%	-7.3%	-9.3%	16.2%	8.2%	3.8%	38.8%
Americas	15.7%
Asia-Pacific	41.5%
EMEA	6.2%
Cost of goods sold	70.0	64.1	60.6	64.7	64.5	66.3	56.8	63.9
Gross profit	71.8	66.1	64.3	59.0	65.5	68.5	59.0	72.5
Gross margin	50.6%	50.8%	51.4%	47.7%	50.4%	50.8%	51.0%	53.1%
Selling, general and administrative [+]	45.9	43.9	45.6	39.6	40.8	44.4	46.6	45.1
Sales and marketing	7.7			6.0
General and administrative							46.6
Other selling, general and administrative	38.2			33.6
EBITDA [+]	27.7	24.1	20.6	21.0	26.8	26.0	14.2	29.1
EBITDA growth	31.8%	-10.1%	-21.0%	-27.8%	19.7%	-13.4%	-45.8%	33.8%
EBITDA margin	19.6%	18.5%	16.5%	17.0%	20.6%	19.3%	12.3%	21.4%
Depreciation	1.3	1.7	1.6	1.0	1.7	1.6	1.4	1.4
EBITA	26.4	22.4	18.9	20.1	25.1	24.4	12.8	27.7
EBITA margin	18.6%	17.2%	15.2%	16.2%	19.3%	18.1%	11.1%	20.3%
Amortization of intangibles	0.8	0.3	0.3	1.1	0.4	0.4	0.4	0.4
EBIT [+]	25.7	22.2	18.7	19.0	24.7	24.1	12.5	27.3
EBIT growth	35.2%	-10.5%	-22.4%	-30.5%	19.8%	-15.3%	-49.1%	37.9%
EBIT margin	18.1%	17.0%	15.0%	15.4%	19.0%	17.9%	10.8%	20.0%
Interest expense, net [+]	1.5	-0.1	0.0	0.6	0.0	0.0	0.0	0.0
Interest expense	1.6	1.5	1.2	0.7	0.6	0.6	0.6	0.6
Interest income	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0
Other income (expense), net [+]	0.2	0.2	0.2	0.0	0.3	-0.3	-0.5	0.2
Other	0.2			0.0
Pre-tax income	24.4	20.9	17.7	18.3	24.4	23.1	11.4	26.9
Income taxes	5.5	4.3	3.7	3.8	4.9	4.6	2.9	5.9
Tax rate	22.5%	20.8%	20.9%	20.9%	20.1%	19.8%	25.9%	21.9%
Net income	18.9	16.5	14.0	14.5	19.5	18.6	8.4	21.0
Net margin	13.3%	12.7%	11.2%	11.7%	15.0%	13.8%	7.3%	15.4%

Basic EPS [+]	$1.39	$1.22	$1.03	$1.06	$1.43	$1.35	$0.61	$1.53
Growth	31.3%	-14.7%	-23.9%	-30.8%	13.7%	-21.7%	-57.3%	44.3%
Diluted EPS [+]	$1.39	$1.21	$1.03	$1.06	$1.42	$1.35	$0.61	$1.53
Growth	31.3%	-14.7%	-23.8%	-30.7%	13.7%	-21.7%	-57.3%	44.1%

Dividends per share [+]	$0.83	$0.83	$0.78	$0.78	$0.78	$0.72		$0.72
Growth	6.4%	6.4%	8.3%	8.3%	16.4%	7.5%		7.5%

Shares outstanding (basic) [+]	13.6	13.6	13.6	13.7	13.7	13.7	13.7	13.7
Growth	-0.6%	-0.7%	-0.9%	-0.4%	-0.2%	0.3%	0.1%	0.2%
Shares outstanding (diluted) [+]	13.6	13.6	13.6	13.7	13.7	13.8	13.7	13.7
Growth	-0.6%	-0.7%	-1.0%	-0.5%	-0.2%	0.3%	0.1%	0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.