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Revenue
6 Months Ended
Feb. 28, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table presents the Company’s revenues by segment and major source (in thousands):
Three Months Ended February 28, 2025Six Months Ended February 28, 2025
AmericasEIMEAAsia-PacificTotalAmericasEIMEAAsia-PacificTotal
WD-40 Multi-Use Product$51,058 $46,406 $16,228 $113,692 $103,959 $91,272 $37,008 $232,239 
WD-40 Specialist7,720 8,424 2,418 18,562 15,953 16,241 5,540 37,734 
Other maintenance products (1)
3,592 3,254 217 7,063 7,866 6,448 537 14,851 
Total maintenance products62,370 58,084 18,863 139,317 127,778 113,961 43,085 284,824 
HCCP (2)
3,159 1,491 2,137 6,787 7,187 3,097 4,491 14,775 
Total net sales$65,529 $59,575 $21,000 $146,104 $134,965 $117,058 $47,576 $299,599 
Three Months Ended February 29, 2024Six Months Ended February 29, 2024
AmericasEIMEAAsia-PacificTotalAmericasEIMEAAsia-PacificTotal
WD-40 Multi-Use Product$49,043 $41,572 $16,619 $107,234 $97,554 $78,616 $38,741 $214,911 
WD-40 Specialist7,090 7,525 2,202 16,817 14,198 14,191 5,270 33,659 
Other maintenance products (1)
4,003 3,009 176 7,188 8,129 6,071 614 14,814 
Total maintenance products60,136 52,106 18,997 131,239 119,881 98,878 44,625 263,384 
HCCP (2)
3,371 2,207 2,288 7,866 7,701 4,189 4,247 16,137 
Total net sales$63,507 $54,313 $21,285 $139,105 $127,582 $103,067 $48,872 $279,521 
(1)Other maintenance products consist of the 3-IN-ONE and GT85 brands.
(2)Homecare and cleaning products (“HCCP”).
Contract Balances
Contract liabilities consist of deferred revenue related to undelivered products. Deferred revenue is recorded when payments have been received from customers for undelivered products. Revenue is subsequently recognized when revenue recognition criteria are met, generally when control of the product transfers to the customer. The Company had contract liabilities of $4.1 million and $4.3 million as of February 28, 2025 and August 31, 2024, respectively. Substantially all of the $4.3 million that was included in contract liabilities as of August 31, 2024 was recognized to revenue during the six months ended February 28, 2025. These contract liabilities are recorded in accrued liabilities on the Company’s condensed consolidated balance sheets. Contract assets are recorded if the Company has satisfied a performance obligation but does not yet have an unconditional right to consideration. The Company did not have any contract assets as of February 28, 2025 and August 31, 2024. The Company has an unconditional right to payment for its trade and other accounts receivable on the Company’s condensed consolidated balance sheets. These receivables are presented net of an allowance for credit losses of $1.9 million as of February 28, 2025 and which was not significant as of August 31, 2024.