ODC
Oil-Dri Corporation of America51.62
-0.06-0.12%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A details resilience, launches, segments
Q&A credited ongoing CapEx—now a perpetual anchor to asset replacement—for enabling plant flexibility that powered through storm Fern without service lapses, validating elevated spending. Ag/horticulture grew sustainably on planted acres and new Verge granule customers; consumer division unveiled health-monitoring litter, Walmart pail expansions, and e-com bags. Amlan explained early-year account loss but affirmed recovery push and long-term animal nutrition bet. Renewables faced tax/feedstock hiccups yet eye growth via 45Z rebate. Costs showed storm/labor hits offset by transport execution. Plants flexed through the storm. Bullish tone persists; watch Amlan rebound, product traction.
Key Stats
Market Cap
752.45MP/E (TTM)
14.22Basic EPS (TTM)
3.63Dividend Yield
0.01%Recent Filings
8-K
Dividends declared
Oil-Dri's board declared quarterly cash dividends of $0.205 per Common share and $0.153 per Class B share on March 11, payable May 22 to holders of record May 8. The company has paid dividends continuously since 1974, raising them annually for 22 straight years. Steady commitment. Q3 FY2026 results due June 8.
8-K
Record Q2 sales amid storm
Oil-Dri posted record Q2 net sales of $117.7M, up 1% despite Winter Storm Fern disrupting plants and delaying shipments. Gross margins slipped to 27.4% from higher costs, trimming operating income 10% to $15.7M and net income 3% to $12.6M. Record revenues. Management tracks to annual plan, eyes surpassing prior-year net income.
10-Q
Q2 FY2026 results
Oil-Dri's Q2 FY2026 sales hit $117.7M, up 1% y/y yet down from YTD's 3% y/y drop to $238.2M, as Retail/Wholesale cat litter grew 3% while B2B fluids purification and animal health softened. Gross margin slipped to 27.4% from 29.5% y/y on higher manufacturing costs and Winter Storm Fern disruptions, trimming operating income 10% y/y to $15.7M; diluted EPS fell to $0.87 from $0.89, reconciled via two-class method with anti-dilutive restricted shares. Operating cash flow tallied $28.4M, free cash flow $13.6M (derived), with $46.9M cash offsetting $39.8M debt across fixed-rate senior notes; capex ran $14.8M. Steady dividends flow. Mine safety rules pose compliance risks.
8-K
Dividends up 14%; board elected
Oil-Dri stockholders elected all eight board nominees at the December 9, 2025 annual meeting and ratified Grant Thornton as auditor for fiscal 2026. Two days later, the board declared quarterly dividends up 14% to $0.205 per Common share and $0.153 per Class B share, payable March 6, 2026. Solid cash bolsters payouts. Forward-looking confidence signals long-term stability.
8-K
Q1 net income second-highest ever
Oil-Dri reported Q1 FY2026 net sales of $120.5M, down 6% from last year's record, with net income at $15.5M—the firm's second-highest quarterly ever. Volumes dipped in fluids purification and cat litter, yet agriculture hit record $12.9M sales and lightweight litter grew 32%. Cash sits at $42.4M after capex and buybacks. Tough comps, solid momentum.
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