WD-40 Company
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $408.5M | $380.5M | $380.7M | $378.2M | $383.0M | $368.5M | $342.8M | $336.4M |
| Cost of Revenue | $183.3M | $166.6M | $166.3M | $178.0M | $184.1M | $179.4M | $174.3M | $168.3M |
| Gross Profit | $225.3M | $213.9M | $214.4M | $200.2M | $198.9M | $189.2M | $168.5M | $168.1M |
| Gross Margin | 55.1% | 56.2% | 56.3% | 52.9% | 51.9% | 51.3% | 49.2% | 50.0% |
| Operating Expenses | ||||||||
| Research & Development | $7.0M | $8.4M | $7.7M | $9.0M | $6.9M | $7.2M | $5.1M | $5.5M |
| SG&A Expense | $121.4M | $114.6M | $117.8M | $108.9M | $108.6M | $104.4M | $88.9M | $87.3M |
| Operating Income | $78.6M | $75.9M | $71.3M | $65.4M | $63.7M | $56.6M | $51.7M | $54.1M |
| Operating Margin | 19.2% | 19.9% | 18.7% | 17.3% | 16.6% | 15.4% | 15.1% | 16.1% |
| Interest Expense | $4.2M | $2.6M | $1.7M | $1.2M | $1.0M | $693.0K | $729.0K | $1.1M |
| Pretax Income | $75.2M | $74.6M | $72.8M | $63.1M | $63.0M | $56.9M | $50.9M | $53.5M |
| Income Tax Expense | $10.0M | $21.7M | $20.2M | $18.3M | $19.2M | $17.1M | $15.4M | $17.1M |
| Net Income | $65.2M | $52.9M | $52.6M | $44.8M | $43.7M | $39.8M | $35.5M | $36.4M |
| Net Margin | 16.0% | 13.9% | 13.8% | 11.8% | 11.4% | 10.8% | 10.4% | 10.8% |
| EPS (Basic) | $4.65 | $3.73 | $3.65 | $3.05 | $2.89 | $2.55 | $2.22 | $2.16 |
| EPS (Diluted) | $4.64 | $3.72 | $3.64 | $3.04 | $2.87 | $2.54 | $2.20 | $2.14 |
| Shares Outstanding (Basic) | 13.9M | 14.1M | 14.3M | 14.6M | 15.1M | 15.5M | 15.9M | 16.8M |
| Shares Outstanding (Diluted) | 14.0M | 14.1M | 14.4M | 14.6M | 15.1M | 15.6M | 16.0M | 17.0M |
| Dividends Per Share | $2.11 | $1.89 | $1.64 | $1.48 | $1.33 | $1.22 | $1.14 | $1.08 |