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MarketScreener Homepage  >  Equities  >  Nasdaq  >  WD-40 Company    WDFC


Delayed Quote. Delayed Nasdaq - 08/14 04:00:00 pm
199.45 USD   -0.29%
07/16WD-40 COMPANY : Ex-dividend day for
07/10Gilead Sciences, Matson rise; WD-40, Eli Lilly fall
07/09WD 40 : Earnings Presentation Q3 FY2020
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

With trade war as a backdrop, U.S. companies walk a line at China expo

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11/07/2019 | 10:34pm EDT
A Tesla sign is seen at the second China International Import Expo (CIIE) in Shanghai

At trade shows in the United States, California-based Champion Power Equipment displays the faces of the tough-looking sportsmen that it sponsors against the backdrop of an American flag.

At an import expo in China this week, the images of a pro bass fisherman, lumberjack, bull rider and NASCAR and off-road drivers were there - but the flag was not.

"Even though we're proud to showcase we're a U.S. company, there are some things we've just tried to ... tame it down a little bit," said Greg Pauken, director of product development at the maker of portable generators and other motorised tools. "Why create any more conflict than you need to?"

U.S. companies are walking a tightrope at the Nov. 5-10 China International Import Expo (CIIE) in Shanghai, with the fate of a preliminary deal between China and the United States to defuse the trade war still up in the air.

Strong backing from Chinese leader Xi Jinping has imbued CIIE with political symbolism unmatched by any other trade show in China.

The U.S. government has made a point of skipping it in the two years it has existed. Several other countries have sent leaders or senior officials, and many are hosting lavish pavilions promoting their nation's wares.

Nevertheless, more American companies have showed up this year - nearly 200 - than in CIIE's inaugural year, propelled by enthusiasm about China's vast market. In some cases, companies also want to support an event that the Chinese government considers highly significant.

Concern was not far from the surface about prospects for business if the trade war drags on and the world's no. 2 economy continues slipping.

U.S. companies are not yet being stigmatised, according to Stephen Lien, president of the Aerospace Asia Pacific Division at Honeywell International Inc, but such a thing was "certainly possible."

"We get Chinese customers walking in and talking to us all day long," he said. "They're not going to Philips just because we're an American company and Philips is a European company. There continues to be a lot of interest."

Nearby, Twiggy Zhao, a representative at the WD-40 Co booth, said the California-based maker of lubricants was eager to gain traction in the China market but remained "a little bit worried" about trade war fallout.

"We quite want to separate politics and business. I mean, our product is very helpful and useful, so we want people to focus on products," she said.

On top of trade uncertainty is the perception that political risks have risen, as highlighted by the troubles the National Basketball Association has faced since the Houston Rockets' general manager tweeted support for Hong Kong's protests last month.

For Impossible Foods, the developer of plant-based meat substitutes, the risks are outweighed by the prospect of tapping into a huge country reliant on a environment-straining livestock industry.

Founder and chief executive Pat Brown was taking advice on how to walk the line from his brother, a diplomat in China.

"We don't intend to impose our own ideology on China or anything like that, but we are not going to be shy about talking about our values," he said.

"We're not here to tell China how to run its business," he added. "We're here to help solve a huge global problem and help China solve its own food security and reduce its environmental impact. We're completely focused on that."

Li Fang, president and general manager of Corning Inc's greater China operations, said his company's success here had been aided by government support. Li said attending CIIE for the first time this year was, in part, a gesture of support for China.

The New York-based company has invested more than $7 billion in China - more than half of it since 2015 - and is doing "extremely well," despite risks, Li said. The impact of the trade war has been "minimal" and Corning plans to continue to invest.

"We still hope the two countries can solve the issue as soon as possible," Li added.

(Additional reporting by David Stanway and Jiang Xihao. Editing by Gerry Doyle)

By John Ruwitch and Josh Horwitz

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SHOWCASE INC. 2.22% 690 End-of-day quote.-3.23%
THE GLOBAL LTD. 0.00% 205 End-of-day quote.-56.48%
WD-40 COMPANY -0.29% 199.45 Delayed Quote.2.74%
WORLD CO., LTD. 0.06% 1572 End-of-day quote.-41.58%
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Toute l'actualité sur WD-40 COMPANY
07/16WD-40 COMPANY : Ex-dividend day for
07/10Gilead Sciences, Matson rise; WD-40, Eli Lilly fall
07/09WD 40 : Earnings Presentation Q3 FY2020
07/09WD-40 : Fiscal 3Q Earnings Snapshot
07/09WD 40 : Management's Discussion and Analysis of Financial Condition and Results ..
07/09WD 40 CO : Results of Operations and Financial Condition, Financial Statements a..
07/09WD-40 COMPANY : Reports Third Quarter 2020 Financial Results
07/06WD-40 COMPANY : quaterly earnings release
06/19WD 40 CO : Change in Directors or Principal Officers (form 8-K)
06/18WD-40 COMPANY : Schedules Third Quarter 2020 Earnings Conference Call
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Financials (USD)
Sales 2020 399 M - -
Net income 2020 56,8 M - -
Net Debt 2020 60,7 M - -
P/E ratio 2020 48,5x
Yield 2020 -
Capitalization 2 725 M 2 725 M -
EV / Sales 2020 6,98x
EV / Sales 2021 6,60x
Nbr of Employees 495
Free-Float 67,7%
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Technical analysis trends WD-40 COMPANY
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 211,50 $
Last Close Price 199,45 $
Spread / Highest target 16,8%
Spread / Average Target 6,04%
Spread / Lowest Target -4,74%
EPS Revisions
Garry Owen Ridge Chairman & Chief Executive Officer
Steven A. Brass President & Chief Operating Officer
Jay W. Rembolt Chief Financial Officer, Treasurer & VP-Finance
Neal E. Schmale Lead Independent Director
Gregory A. Sandfort Independent Director
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