Earnings per Common Share
The table below reconciles net income to net income available to common stockholders (in thousands):
Fiscal Year Ended August 31,
202520242023
Net income$90,994 $69,644 $65,993 
Less: Net income allocated to participating securities(260)(246)(272)
Net income available to common stockholders$90,734 $69,398 $65,721 
The table below summarizes the weighted-average number of common shares outstanding included in the calculation of basic and diluted EPS (in thousands):
Fiscal Year Ended August 31,
202520242023
Weighted-average common shares outstanding, basic13,54413,55413,578
Weighted-average dilutive securities232626
Weighted-average common shares outstanding, diluted13,56713,58013,604
For the fiscal years ended August 31, 2025, 2024 and 2023, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,705, 1,351 and 4,551, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.
Free Sentinel

Want the next WD 40 CO earnings per share disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment WD 40 CO's next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.