The household and industrial lubricant manufacturer WD-40 delivered a stunning third-quarter report, with its robust performance propelling the stock price to surge over 15% in after-hours trading.

For the quarter ended May 31, WD-40 achieved net sales of $195.1 million, a 24% increase year-over-year. This figure significantly surpassed analyst expectations of $172.8 million. The earnings performance was even more impressive, with adjusted earnings per share reaching $2.33, a substantial 51% jump from $1.54 in the same period last year, notably exceeding the market consensus of $1.56.

The company's growth was broad-based, with all three major trade blocs achieving double-digit increases. The Americas region was the standout performer, with sales rising 29% to $101.2 million. Sales in Europe, India, the Middle East, and Africa grew by 17%, while the Asia-Pacific region also recorded strong growth of 24%. Core maintenance product sales reached a record high of $189.7 million, up 26% year-over-year.

WD-40 President and CEO Steve Brass stated that the company delivered an excellent quarterly report, with net sales up 24% and operating income up 47%, fully demonstrating the inherent operating leverage advantages of its business model. He noted that double-digit growth across all three trade blocs collectively drove the strong performance this quarter.

Building on the robust momentum from the first three quarters, WD-40 significantly raised its full-year guidance for fiscal 2026. The company now expects full-year net sales to be in the range of $675 million to $690 million, representing growth of 10% to 12%. The adjusted earnings per share forecast was raised to a range of $6.05 to $6.35, with a midpoint of $6.20 that is notably higher than the analyst estimate of $5.99.

The company also announced it will pay a quarterly dividend of $1.02 per share on July 31.