Company News

WD-40 to Record Reserve

Lowers its fiscal year 2019 guidance for net income.

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By: Charlie Sternberg

Associate Editor

WD-40 Company will record a reserve for an uncertain tax position in the fourth quarter of its fiscal year 2019 which will result in a reduction of approximately $8.7 million, inclusive of accrued interest of approximately $0.4 million, in the Company's earnings for the fourth quarter and the fiscal year ending August 31, 2019.   “Following the U.S. Treasury Department's recent publication of final regulations pertaining to the application of provisions of the Tax Cuts and Jobs A...

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