Exhibit 99.1

WD-40 Company Reports Third Quarter 2015Financial Results

~  Foreign currency exchange headwinds obscure solid underlying business performance and results~

~ Management updates previously issued fiscal year 2015 guidance ~

SAN DIEGO–July 8, 2015 ― WD-40 Company (NASDAQ:WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, todayreported financial results for its thirdfiscal quarter ended May 31, 2015.

Financial Highlights and Summary

· Total net sales for the third quarter were  $92.5 million, a decrease of 3 percentcompared to the prior year fiscal quarter.  Year-to-date total net sales were  $286.2 million, a slight increase compared to the prior year fiscal period. 

· Translation of the Company’s foreign subsidiary results to U.S. dollars had anunfavorable impact on sales for the current quarter and year to date.  On a constant currency basis total net sales would have been  $96.5million for the third quarter and $292.9million year to date.

· Net income for the  third quarter was $11.0 million, an increase of 5 percent compared to the prior year fiscal quarter.  Year-to-date net income was $33.1 million, an increase of 3 percent from the prior year fiscal period.

· Diluted earnings per share were $0.75 in the third quarter, compared to $0.69per share for the prior year fiscal quarter.  Year-to-date diluted earnings per share were $2.24 compared to $2.10 in the prior year fiscal period.

· Gross margin was 53.3 percent in the third quarter compared to 51.4 percent in the prior year fiscal quarter.  Year-to-date gross margin was52.5 percent compared to 51.6 percentin the prior year fiscal period.

· Selling, general and administrative expenses were down 1 percent in the third quarter to $26.6 million when compared to the prior year fiscal quarter.  Year-to-date selling, general and administrative expenses were up 1 percentto $81.4million compared to the prior year fiscal period. 

· Advertising and sales promotion expenses were down 15 percent in the third quarter to $5.5 million compared to prior year fiscal quarter.  Year-to-date advertising and sales promotion expenses were down 6percent to $16.9 million compared to the prior year fiscal period. 

“Foreign currency exchange headwinds andpolitical and economic instability in  Eastern Europe continue to adversely impact and distort the true strength of our business,”said Garry Ridge, WD-40 Company’s president and chief executive officer. “Our net sales results in the third quarter were negatively impacted by foreign currency issues, particularly in our EMEA segment, as well as significantly reduced sales in our distributor markets in Ukraine and Russia.  We experienced strong sales growth in the Americas segment during the third quarter due to increased distribution and promotional activities.  Our Asia-Pacific segment is on track for a great year despite an isolated product quality issue linked to a defective aerosol can component contained in our WD-40 Multi-Use Product sold within our Asian distributor markets.  This product quality issue causedsales levels to be lower during the third quarter.”

“Although foreign currency exchange rate fluctuations across Europe  as well as thepolitical and economic instability in Eastern Europenegatively impacted ourreported sales in EMEA,  nearly all of our EMEA direct markets are seeing organic sales growth in their local currencies.  While we expect we will continue to see fluctuations in the performance of certain markets quarter to quarter, our long-term growth plans remain unchanged,” continued Ridge.

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Net Sales by Product Group (in thousands):

	Three Months Ended May 31,						Nine Months Ended May 31,
	2015		2014		% Change		2015		2014		% Change
Multi-purpose maintenance products	$	81,512	$	84,817		(4)%	$	253,005	$	252,607		-
Homecare and cleaning products		10,973		10,833		1%		33,164		32,768		1%
Total	$	92,485	$	95,650		(3)%	$	286,169	$	285,375		-

· Net sales of multi-purpose maintenance products, which are considered the primary growth focus for the Company,decreased 4 percent in thethird fiscal quarter but remained relatively constant year to date when compared to the prior fiscal year periods.  The decline in the third quarter was drivenprimarily by the unfavorable impact of foreign currency exchange rates in EMEA andan isolatedproduct quality issue that was linked to a specific product sold within our Asian distributor markets.

· Net sales of homecare and cleaning products increased 1 percentfor both the current quarter and year to  date when compared to the prior fiscal year periods.  The homecare and cleaning products, particularly those in the U.S., are considered harvest brands providing healthy profit returns to the Company and are becoming a smaller part of the business asnet sales of multi-purpose maintenance products grow per the execution of the Company’s strategic initiatives. 

Net Sales by Segment (in thousands):

	Three Months Ended May 31,						Nine Months Ended May 31,
	2015		2014		% Change		2015		2014		% Change
Americas	$	49,744	$	45,096		10%	$	139,219	$	134,366		4%
EMEA		30,335		36,678		(17)%		103,605		111,305		(7)%
Asia-Pacific		12,406		13,876		(11)%		43,345		39,704		9%
Total	$	92,485	$	95,650		(3)%	$	286,169	$	285,375		-

· Net sales by segment as a percent of total net salesfor the third quarter were as follows: for the Americas, 54 percent; for EMEA, 33percent; and for Asia-Pacific, 13percent.

· The increase in sales in the Americas in the third quarter was primarily driven by strong growth of both WD-40 Multi-Use Product and WD-40 Specialist sales throughout the segment including double digit growth of both categories in the United States. 

· The decrease in sales in EMEA in the third quarter was primarily driven byunfavorable impacts of foreign currency exchange rates,primarily in the Company’s euro-based direct markets, as well as decreased sales in the Company’s distributor markets in Eastern Europe due to political and economic instabilityin Ukraine and Russia.  On a constant currency basis EMEA sales for the third quarter would have decreased by $3.3million or 9% compared to the prior year fiscal year period.

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· The decrease in sales in Asia-Pacific in the third quarter was primarily due toa 28 percent decrease in sales of multi-purpose maintenance products in the Company’s Asian distributor markets. This decrease was due to anisolated product quality issue linked to  a defectiveaerosol can component that was contained in WD-40 Multi-Use Product sold tomarketing distributors in various countries in Asia during the third quarter. The Company recorded allowances to reverse these sales in the amount of approximately $0.9 million.  Although these markets were negatively impacted by this product quality issue in the third quarter, the issue was isolated and has beenaddressed. 

Dividend and Share Repurchase

As previously announced, WD-40 Company’s board of directors declared on Tuesday, June 23, 2015a quarterly dividend of $0.38 per share payable July 31, 2015 to stockholders of record at the close of business on July 17, 2015.

On October 14, 2014 the board of directors approved a share repurchase plan.  The plan became effective at the beginning of the third quarter of fiscal year 2015. Under the plan,the Company is authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2016. The timing and the amount of any repurchases of common stock will be determined by management based on its evaluation of market conditions and other factors. During the period from March 1, 2015 through May 31, 2015, the Company repurchased $11.3 million in shares under this plan.

Updated Fiscal Year 2015 Guidance

The Company’supdated guidance for fiscal year 2015is as follows:

· Net salesgrowth is projected to beflat to2 percent with net sales expected to bebetween $383 millionand$390 million.

· Gross margin for the full fiscal year is expected to be better than52 percent. 

· Projected advertising and promotion expenses to be 6.0 percent to 7.0 percent of net sales. 

· Net income is projected to be between $44.5 million and $45.4 million.

· Expect diluted earnings per share to be between$3.03and  $3.09 based on an estimated 14.7 million weighted average shares outstanding.

This guidance does not include any future acquisitions or divestitures and is based on recent foreign currency exchange rates. 

“We’ve adjusted our full year guidance and it reflects the continued impact of foreign currency exchange movements as well as the macroeconomic and political challenges in Eastern Europe,” said Jay Rembolt, WD-40 Company’s vice president and chief financial officer.   “Although some level of foreign currency exchange volatility had been built into our previous guidance, it is difficult to project for how long and to what depth our  fiscal year results will be impacted.”

Webcast Information
As previously announced, WD-40 Company management will host a live webcast at approximately 5:00 p.m. ET / 2:00 p.m. PT today to discuss these results. Other forward-looking and material information may also be discussed during this call.  Please visit http://investor.wd40company.com for more information and to view supporting materials. 

About WD-40 Company

WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. The Company markets its multi-purpose maintenance products and its homecare and cleaning products under the following well-known brands: WD-40®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®,  

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Lava® and Solvol®.  

Headquartered in San Diego, WD-40 Company recorded net sales of $383 million in fiscal year 2014 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select market under the ticker symbol “WDFC.” For additional information about WD-40 Company please visit http://www.wd40company.com.

Forward-Looking Statements

Except for the historical information contained herein, this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect the Company’s current expectations with respect to currently available operating, financial and economic information.  These forward-looking statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking statements.

Our forward-looking statements include, but are not limited to, discussions about future financial and operating results, including:  growth expectations for multi-purpose maintenance products; expected levels of promotional and advertising spending; plans for and success of product innovation, the impact of new product introductions on the growth of sales; anticipated results from product line extension sales; and forecasted foreign currency exchange rates andcommodity prices.  Our forward-looking statements are generally identified with words such as “believe,” “expect,” “intend,” “plan,” “could,” “may,” “aim,” “anticipate,” “estimate” and similar expressions. 

The Company's expectations, beliefs and forecasts are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that the Company's expectations, beliefs or forecasts will be achieved or accomplished.  

Actual events or results may differ materially from those projected in forward-looking statements due to various factors, including, but not limited to, those identified in Part I―Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2014, and in the Company’s Quarterly Report on Form 10-Q for the period ended May 31, 2015 which the Company expects to file with the SEC on July 9, 2015.

All forward-looking statements included in this press release should be considered in the context of these risks. All forward-looking statements speak only as of July 8, 2015, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors and prospective investors are cautioned not to place undue reliance on our forward-looking statements.

Table Notes and General Definitions

(1) The Company markets multi-purpose maintenance products under the WD-40®, GT85® and 3-IN-ONE® brand names. Currently included in the WD-40 brand are the WD-40 Multi-Use Product and the WD-40 Specialist® and WD-40 BIKETM product lines.

(2) The Company markets the following 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.

(3) The Americas segment consists of the U.S., Canada and Latin America.

(4) The EMEA segment consists of countries in Europe, the Middle East, Africa and India.

(5) The Asia-Pacific segment consists of Australia, China and other countries in the Asia region.

(6) Constant currency represents the translation of the current quarter and year-to-date results from the functional currencies of the Company’s subsidiaries to U.S. dollars using the exchange rate in effect for the corresponding periods of the prior fiscal year. 

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WD-40 COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited and in thousands, except share and per share amounts)
	May 31,		August 31,
	2015		2014
Assets
Current assets:
Cash and cash equivalents	$	46,917	$	57,803
Short-term investments		48,261		45,050
Trade and other accounts receivable, less allowance for doubtful
accounts of $424 and $406 at May 31, 2015
and August 31, 2014, respectively		62,213		63,618
Inventories		33,203		34,989
Current deferred tax assets, net		5,709		5,855
Other current assets		4,066		8,339
Total current assets		200,369		215,654
Property and equipment, net		11,214		9,702
Goodwill		96,440		95,499
Other intangible assets, net		23,749		23,671
Other assets		3,262		3,154
Total assets	$	335,034	$	347,680
-
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	18,502	$	18,031
Accrued liabilities		15,937		18,382
Revolving credit facility, current portion		-		98,000
Accrued payroll and related expenses		11,186		15,969
Income taxes payable		28		1,529
Total current liabilities		45,653		151,911
Revolving credit facility		108,000		-
Long-term deferred tax liabilities, net		23,142		24,253
Other long-term liabilities		2,250		2,101
Total liabilities		179,045		178,265
Commitments and Contingencies
Shareholders' equity:
Common stock ― authorized 36,000,000 shares, $0.001 par value;
19,527,923 and 19,464,310 shares issued at May 31, 2015 and
August 31, 2014, respectively; and 14,481,172 and 14,754,362 shares
outstanding at May 31, 2015 and August 31, 2014, respectively		20		19
Additional paid-in capital		140,147		136,212
Retained earnings		254,503		237,596
Accumulated other comprehensive income (loss)		(7,280)		1,103
Common stock held in treasury, at cost ― 5,046,751 and 4,709,948
shares at May 31, 2015 and August 31, 2014, respectively		(231,401)		(205,515)
Total shareholders' equity		155,989		169,415
Total liabilities and shareholders' equity	$	335,034	$	347,680

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WD-40 COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited and in thousands, except per share amounts)
	Three Months Ended May 31,				Nine Months Ended May 31,
		2015		2014		2015		2014
Net sales	$	92,485	$	95,650	$	286,169	$	285,375
Cost of products sold		43,213		46,511		135,963		138,005
Gross profit		49,272		49,139		150,206		147,370
Operating expenses:
Selling, general and administrative		26,640		26,887		81,424		80,237
Advertising and sales promotion		5,506		6,465		16,906		18,081
Amortization of definite-lived intangible assets		754		684		2,280		1,930
Total operating expenses		32,900		34,036		100,610		100,248
Income from operations		16,372		15,103		49,596		47,122
Other income (expense):
Interest income		113		136		425		425
Interest expense		(343)		(268)		(912)		(709)
Other expense		(444)		(11)		(1,785)		(454)
Income before income taxes		15,698		14,960		47,324		46,384
Provision for income taxes		4,733		4,554		14,240		14,179
Net income	$	10,965	$	10,406	$	33,084	$	32,205
Earnings per common share:
Basic	$	0.75	$	0.69	$	2.25	$	2.11
Diluted	$	0.75	$	0.69	$	2.24	$	2.10
Shares used in per share calculations:
Basic		14,546		14,977		14,616		15,152
Diluted		14,615		15,051		14,685		15,229
Dividends declared per common share	$	0.38	$	0.34	$	1.10	$	0.99

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WD-40 COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited and in thousands)
	Nine Months Ended May 31,
	2015		2014
Operating activities:
Net income	$	33,084	$	32,205
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization		4,824		4,337
Net gains on sales and disposals of property and equipment		(82)		(41)
Deferred income taxes		(1,229)		(330)
Excess tax benefits from settlements of stock-based equity awards		(906)		(824)
Stock-based compensation		2,205		1,942
Unrealized foreign currency exchange losses (gains), net		2,393		(159)
Provision for bad debts		214		174
Changes in assets and liabilities:
Trade and other accounts receivable		(3,787)		(3,681)
Inventories		1,078		(4,716)
Other assets		3,817		(1,616)
Accounts payable and accrued liabilities		(1,596)		21
Accrued payroll and related expenses		(5,003)		(6,924)
Income taxes payable		130		1,718
Other long-term liabilities		184		17
Net cash provided by operating activities		35,326		22,123
Investing activities:
Purchases of property and equipment		(4,068)		(3,023)
Proceeds from sales of property and equipment		420		250
Purchase of intangible assets		-		(1,789)
Acquisition of business		(3,705)		-
Purchases of short-term investments		(8,167)		(5,756)
Maturities of short-term investments		1,636		914
Net cash used in investing activities		(13,884)		(9,404)
Financing activities:
Treasury stock purchases		(25,886)		(30,482)
Dividends paid		(16,177)		(15,096)
Proceeds from issuance of common stock		1,483		1,265
Excess tax benefits from settlements of stock-based equity awards		906		824
Proceeds from revolving credit facility		10,000		20,000
Net cash used in financing activities		(29,674)		(23,489)
Effect of exchange rate changes on cash and cash equivalents		(2,654)		2,231
Net decrease in cash and cash equivalents		(10,886)		(8,539)
Cash and cash equivalents at beginning of period		57,803		53,434
Cash and cash equivalents at end of period	$	46,917	$	44,895

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