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Subsequent Events
6 Months Ended
Feb. 29, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Acquisition of Theron Marketing
On March 4, 2024, the Company acquired a Brazilian marketing distributor, Theron Marketing Ltda. (“Theron”). Theron had been the exclusive distributor of WD-40 Brand products in Brazil for the last 27 years. Pursuant to the terms of the transaction, WD-40 Holding Company Brasil Ltda., a wholly owned subsidiary of the Company established during the three months ended February 29, 2024, acquired all outstanding shares of capital stock of Theron for cash of approximately
$6.9 million (subject to a 90-day post closing adjustment). With this transaction, the Company began direct distribution within Brazil in March 2024.
Dividend Declaration
On March 19, 2024, the Company’s Board declared a cash dividend of $0.88 per share payable on April 30, 2024 to stockholders of record on April 19, 2024.