WD-40 Company – 2021 Materials Stocks
WD-40 is, perhaps, the best-known degreaser and anti-rust chemical in the US. The brand is a household name among average Americans and blue-collared workers that ply their trade in a manufacturing environment. The product is similar to the famous soft drink Coca-Cola. Both those products have kept their formulas secret for a long time, and both of them have been around for decades. WD-40 Company sells products in the maintenance and household segments. It has product lines in these two broad categories. The interesting fact behind the name WD-40 is that the 40 stands for the number of attempts it took to make the formula for the flagship WD-40 spray, which is now sold in the famous blue and yellow can. WD-40’s business is international, and its products are available in some 176 countries worldwide. If you are pursuing basic materials stocks to buy in 2021, then WD-40 is one option you may look at.
WD-40 Announces Q42021 Earnings Numbers
On 20th October 2021, WD-40 Company released its fourth-quarter 2021 earnings results. Total sales were up 3% year-on-year from $111.6 million in Q42020 to $115.2 million. Geographically, the US market saw revenues drop slightly from $56 million in Q42020 to $54 million. However, the EMEA region delivered a higher revenue number of $45 million compared to $42 million in Q42020. The Asia-Pacific market was also strong as the revenue grew from $12.1 million to $15.9 million. The homecare and cleaning product category was flat at around $10.8 million in revenue for Q42020 and Q42021. However, the maintenance product category saw some growth as the revenue there went up from $100 million in Q42020 to $104 million. A list of 2021 materials stocks should include businesses like WD-40 Company.
Basic Materials Stocks To Buy In 2021
WDFC is the ticker symbol for WD-40 Company. The stock has been in a downtrend since April 2021. However, if you look at the longer-term monthly chart, the trend is up. The stock crossed the $330 level in early 2021 before pulling back from around April 2021 and for the rest of 2021.