Tag Archives: WD

The Next Big Thing? Celtuse!

By Kemp Minifie Psst…Want the scoop on the next vegetable craze? It’s likely to be celtuse, (pronounced sell-TOOSE). Never heard of it? Neither had I until I stopped by Rick Bishop’s Mountain Sweet Berry Farm stand last Saturday. He pulled out a giant stalk of lettuce that was naked except for a birdlike plume of leaves at the top. “You eat the stalk,” explained Bishop, “but make sure you peel it first.” Well-known chefs Dan Barber and Wylie Dufresne were using it. Chef Barber of Blue Hill and Blue Hill at Stone Barns in Pocantico Hills, New York, was quick to give credit to Jack Algiere, the Stone Barns Center Four Season Farm Director, for what Barber calls the celtuse craze. Algiere remembers the day he first introduced celtuse to Barber’s kitchen staff as an almost magical moment of coincidence and synergy. It was 2005, a year after Barber’s Blue Hill at Stone Barns had opened, and Algiere was still experimenting with different seeds. He walked into the restaurant kitchen one day with a surprise: huge stems of Laotian stalk lettuce–also known as asparagus lettuce–looking just like what I’d bought at Bishop’s stand. The stalks were definitely new and unusual to everyone, except sous chef Adam Kaye, who had literally just walked into the kitchen himself from a trip to France. “Oh, I just had that,” said Kaye, and proceeded to show the crew pictures of the very same vegetable in Parisian markets. Algiere was given the seeds by his close friend William Woys Weaver, a food historian, professor, and seed breeder/saver. Algiere describes him as “a brilliant man with a lot of history in his mind…who shared things in his seed vault that he thought would be good to keep perpetuating.” Algiere was the right man to do it. At first Algiere had a hard time sourcing more seeds. The best he’s found are from Agrohaitai, a Canadian company specializing in Asian seeds. They sell three different types that Algiere either grows outside or in a greenhouse, allowing him to supply it year round. Celtuse is unusual in that it’s eaten in the bolting stage, unlike other lettuces, which are eaten in the vegetative state. The celtuse leaves can be a bit bitter, but not nearly as much as a head of romaine that’s gone to flower. Algiere loves the leaves in a salad. Although Algiere appreciates how juicy and crisp the celtuse stem is when raw, he prefers it either roasted or grilled, which brings out its nutty flavor. He’s actually tried to increase that nutty quality by adding nut pressings—what remains after making nut oils—to the soil. Meanwhile, Wylie Dufresne of WD-50 and Jon Bignelli, executive chef of Alder, Dufresne’s new East Village restaurant, are both enthusiastic fans of celtuse. “It’s really refreshing with just a scootch of bitter flavor,” says Bignelli, who makes a purée of it with white wine, clam stock, heavy cream, potatoes, shallots, and dill to serve with fried squash blossoms that have been stuffed with…<div …read more

Source: Epicurious

Why the Street Should Love WD-40's Earnings

By Seth Jayson, The Motley Fool

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Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company’s economic output. That’s because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.

Earnings’ unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.

Calling all cash flows

When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on WD-40 (NAS: WDFC) , whose recent revenue and earnings are plotted below.

Source: S&P Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. FCF = free cash flow. FY = fiscal year. TTM = trailing 12 months.

Over the past 12 months, WD-40 generated $38.8 million cash while it booked net income of $39.5 million. That means it turned 11.0% of its revenue into FCF. That sounds pretty impressive. However, FCF is less than net income. Ideally, we’d like to see the opposite.

All cash is not equal
Unfortunately, the cash flow statement isn’t immune from nonsense, either. That’s why it pays to take a close look at the components of cash flow from operations, to make sure that the cash flows are of high quality. What does that mean? To me, it means they need to be real and replicable in the upcoming quarters, rather than being offset by continual cash outflows that don’t appear on the income statement (such as major capital expenditures).

For instance, cash flow based on cash net income and adjustments for non-cash income-statement expenses (like depreciation) is generally favorable. An increase in cash flow based on stiffing your suppliers (by increasing accounts payable for the short term) or shortchanging Uncle Sam on taxes will come back to bite investors later. The same goes for decreasing accounts receivable; this is good to see, but it’s ordinary in recessionary times, and you can only increase collections so much. Finally, adding stock-based compensation expense back to cash flows is questionable when a company hands out a lot of equity to employees and uses cash in later periods to buy back those shares.

So how

Source: FULL ARTICLE at DailyFinance

WD-40 Beats Analyst Estimates on EPS

By Seth Jayson, The Motley Fool

Filed under:

WD-40 (NAS: WDFC) reported earnings on April 4. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 28 (Q2), WD-40 met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share grew.

Gross margins increased, operating margins shrank, net margins dropped.

Revenue details
WD-40 booked revenue of $86.7 million. The three analysts polled by S&P Capital IQ expected a top line of $87.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter’s.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.66. The three earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.66 for Q2 were 1.5% higher than the prior-year quarter’s $0.65 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 50.9%, 190 basis points better than the prior-year quarter. Operating margin was 16.6%, 50 basis points worse than the prior-year quarter. Net margin was 12.1%, 20 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter’s average estimate for revenue is $88.9 million. On the bottom line, the average EPS estimate is $0.57.

Next year’s average estimate for revenue is $356.3 million. The average EPS estimate is $2.39.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 165 members out of 180 rating the stock outperform, and 15 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give WD-40 a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WD-40 is hold, with an average price target of $51.00.

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The article WD-40 Beats Analyst Estimates on EPS originally appeared on Fool.com.


Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings <a target=_blank …read more

Source: FULL ARTICLE at DailyFinance

WD-40 Q2 Sales, Profit Flat

By Eric Volkman, The Motley Fool

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WD-40‘s  results for the company’s Q2 2013 have been released. For the quarter, net sales came in at $86.7 million, a slight rise from the $86.0 million in the same quarter the previous year. Net profit, meanwhile, inched down by 1%, to $10.5 million ($0.66 per diluted share), from Q2 2012’s figure of $10.6 million ($0.65).

Although the net sales result was under the average analyst projection of $87.4 million, its EPS well exceeded estimates of $0.56.

In the press release announcing the earnings, WD-40 also updated its guidance for fiscal 2013. The company now expects net sales of $356 million-$370 million, and diluted EPS of $2.32-$2.42 for the year.

The article WD-40 Q2 Sales, Profit Flat originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

WD-40 Earnings: An Early Look

By Dan Caplinger, The Motley Fool

Filed under:

The new earnings season is about to begin, but a few companies on off-quarter fiscal years are just now getting around to reporting their quarterly results. WD-40 is about to release its earnings report. The key to making smart investment decisions with stocks releasing their quarterly reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed kneejerk reaction to news that turns out to be exactly the wrong move.

Most people think of WD-40 as a single-product company, with its namesake solvent being ubiquitous with a place on just about every garage shelf in America. But the company does have a few other products in its arsenal. Let’s take an early look at what’s been happening with WD-40 over the past quarter and what we’re likely to see in its quarterly report on Thursday.

Stats on WD-40

Analyst EPS Estimate

$0.56

Change From Year-Ago EPS

(14%)

Revenue Estimate

$87.4 million

Change From Year-Ago Revenue

1.6%

Earnings Beats in Past 4 Quarters

2

Source: Yahoo! Finance.

Will WD-40 get the job done this quarter?
Analysts have had mixed views on WD-40 recently, cutting back on earnings estimates for the just-ended quarter but boosting their full-year fiscal 2013 calls by $0.03 per share. The stock has done quite well lately, though, rising almost 14% since the beginning of the year.

WD-40 reaps the benefits of having its small niche largely to itself. But beyond its namesake product, it also makes Lava soap and 2000 Flushes bathroom cleanser, putting itself up against much larger consumer-oriented giants like Unilever‘s Dove soap line and Procter & Gamble‘s numerous cleaning products.

What may be surprising is the extent to which WD-40 has followed in Unilever and P&G’s steps by looking to overseas markets for growth opportunities. Unfortunately, WD-40 has a much larger presence in Europe than in Asia, and given Europe‘s struggles, the company could face tougher times ahead until the economy there manages to rebound. That’s consistent with Procter & Gamble’s challenges overseas, although Unilever has done a good job taking advantage of P&G’s miscues to tap into global growth prospects.

Still, WD-40 is never going to reach a scale even approaching its consumer-giant rivals. Rather, it has pigeonholed itself fairly well into what has been a successful niche for the company, albeit with only modest prospects for future growth.

In its quarterly report, watch for WD-40 to give details on how its $50 million share buyback program is going. With the company sporting impressive cash flow that has financed rising dividends lately, investors in WD-40 aren’t looking for a quick score. Rather, as long as long-term prospects remain favorable, a small decline in year-over-year earnings shouldn’t cause any huge disruptions unless it comes with future …read more
Source: FULL ARTICLE at DailyFinance

WD-40 Company Second Quarter Fiscal 2013 Earnings Conference Call

By Business Wirevia The Motley Fool

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WD-40 Company Second Quarter Fiscal 2013 Earnings Conference Call

SAN DIEGO–(BUSINESS WIRE)– WD-40 Company (NAS: WDFC) has scheduled its quarterly earnings conference call to discuss second quarter financial results, business highlights and outlook for fiscal 2013. The call is scheduled for Thursday, April 4, 2013 at 2:00 p.m. PDT.

In addition, the company may answer one or more questions concerning business and financial developments and trends and other business and financial matters affecting the company, some of the responses to which may contain information that has not been previously disclosed.

This call is being webcast by Thomson Reuters and can be accessed at WD-40 Company’s web site at www.wd40company.com in the Investor Relations section. The quarterly earnings press release for the second quarter will cross the wire at 1:00 p.m. PDT on April 4, 2013.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson’s password-protected event management site, StreetEvents (www.streetevents.com).

WD-40 Company, with headquarters in San Diego, is a global consumer products company dedicated to delivering unique, high-value and easy-to-use solutions for a wide variety of maintenance needs of “doer” and “on-the-job” users by leveraging and building the brand fortress of the company. The company markets multi-purpose maintenance products under the WD-40®, 3-IN-ONE®, and BLUE WORKS® brand names. The company also markets homecare and cleaning brands: X-14® mildew stain remover and automatic toilet bowl cleaners, 2000 Flushes® automatic toilet bowl cleaners, Carpet Fresh® and No Vac® rug and room deodorizers, Spot Shot® aerosol and liquid carpet stain removers, 1001® household cleaners and rug and room deodorizers, and Lava® and Solvol® heavy-duty hand cleaners.

WD-40 Company markets its products in 187 countries worldwide and recorded sales of $343 million in fiscal year 2012.

To reserve a spot in our live conference call, please contact: Maria M. Mitchell at 1-800-448-9340 Ext 1215

WD-40 Company
Maria M. Mitchell, 1-800-448-9340 Ext 1215

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article WD-40 Company Second Quarter Fiscal 2013 Earnings Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold …read more
Source: FULL ARTICLE at DailyFinance

Embracing Creative Failure

By Josh Linkner, Contributor

Creativity is often portrayed as a lightning bolt that strikes without warning, leaving a sudden burst of ideas in its wake. Well, that’s not how it works. In reality, creativity and innovation function a lot like WD-40: with a little elbow grease and a healthy dose of persistence. The unfortunate reality is we’re teaching an aversion to failure to our children from a young age, setting them upon a path toward surefire mediocrity as adults. …read more
Source: FULL ARTICLE at Forbes Latest

Auctions: Chip Foose custom 1953 Ford F-100 sells for $170K at Barrett-Jackson

By Jeremy Korzeniewski

Filed under: , , , , , ,

Chip Foose custom 1953 Ford F-100

There may not be a more recognizable name in the world of custom cars than Chip Foose, and those star-struck (and well-healed) fans of Foose just had the opportunity to purchase one of the designer’s custom creations for their very own garage. This 1953 Ford F-100 pickup was created to commemorate the 60th anniversary of the one item just about everybody has in their toolbox: WD-40.

Way back when, WD-40 was sold by the Rocket Chemical Company, and the vintage artwork on the door highlights that little bit of trivia. Under the truck’s massive flowing hood sits an original 239-cubic-inch flathead V8 engine, with appropriately modern updates, naturally. A set of one-off Foose wheels wearing Pirelli P Zero tires completes the aesthetic.

All proceeds from the vehicle sale will benefit two charities: Childhelp and Victory Junction. Check out the official auction description below and our high-res gallery of live images above. If you’re watching from home, you can see some different angles of the live action here from Speed.

Continue reading Chip Foose custom 1953 Ford F-100 sells for $170K at Barrett-Jackson

Chip Foose custom 1953 Ford F-100 sells for $170K at Barrett-Jackson originally appeared on Autoblog on Fri, 18 Jan 2013 21:45:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Western Digital My Net AC Bridge review: Another great 802.11ac bridge

If you’re building an 802.11ac network, you have two options on the client side: Purchase a second 802.11ac router from the same manufacturer and configure it to operate as a bridge, or purchase a dedicated 802.11ac wireless bridge. Unless you need to connect only one client, we strongly recommend the latter option, as it’s less expensive and a whole lot easier to set up. If you do have just one client, Netgear’s A6200 Wi-Fi USB adapter is a cheaper option (we’ll have a review of that device soon).

Photograph by Robert Cardin
Western Digital‘s My Net AC Bridge delivers great range, but its vertical orientation makes it vulnerable to tipping over after a bump.

Western Digital is the only the third vendor to offer a dedicated 802.11ac bridge, following in the footsteps of Buffalo Technologies (with the AirStation AC1300 bridge) and Cisco (with the Linksys WUMC710). The Buffalo device is basically a clone of that company’s AirStation AC1300 router—it’s equally as big and bulky. WD’s bridge isn’t nearly as compact as Cisco’s, but its footprint is about the same. Whereas the Cisco device is short and squat, the WD bridge is narrow, tall, and permanently mounted to a stand, all of which renders it susceptible to tipping over when bumped. Its height, however, offers an advantage: faster performance at long range.

This 802.11ac wireless bridge offers even better range than Cisco’s Linksys WUMC710 does.

Like the other 802.11ac bridges, the My Net AC Bridge provides four ethernet ports in back for connecting the hardware in your home-entertainment system to your network, and from there to the Internet. Typical clients include a Blu-ray player, a gaming console, a home-theater PC, an AV receiver, and/or a media streamer. LEDs indicating power, WPS (Wireless Protected Setup) pairing status, the Web connection, and the wireless connection are located on the side of the bridge. The LEDs are difficult to see if you’re looking at the device straight on, but you might appreciate not having such a visual distraction in your entertainment center (we certainly do).

We benchmarked the My Net AC Bridge alongside our current favorite 802.11ac router, the Asus RT-AC66U, and then compared its performance with that of Cisco’s Linksys WUMC710, streaming to three locations inside a 2800-square-foot, single-story home. As you can see in the chart above, Western Digital’s bridge delivered about the same performance at close range (the router and client in the same room, about 9 feet apart) and in our home-theater test (35 feet apart, with four walls in between). But Western Digital’s bridge offered much higher performance than Cisco’s model did when we moved the client to a home office that was located 65 feet from the router and separated by three walls.

To read this article in full or to leave a comment, please click here

Source: FULL ARTICLE at PCWorld

WD-40 Co. Breaks Above 200-Day Moving Average – Bullish for WDFC

By DividendChannel.com In trading on Wednesday, shares of WD-40 Co. (NASD: WDFC) crossed above their 200 day moving average of $47.80, changing hands as high as $48.81 per share. WD-40 Co. shares are currently trading up about 2.5% on the day. The chart below shows the one year performance of WDFC shares, versus its 200 day moving average:
Source: FULL ARTICLE at Forbes Markets