Financial Data and Key Metrics Changes - The company reported record-breaking performance in fiscal 2025, with significant increases in net sales, gross profit, and net income [21][13] - Net sales per ton grew by 6% over a 23-year period, while gross profit per ton increased by 7.6% annually [17][18] - The diluted earnings per share for Q1 of fiscal 2026 was $1.06, compared to $3.70 for the full year of fiscal 2025 [26] Business Line Data and Key Metrics Changes - The Fluids Purification Division experienced nearly 20% growth from fiscal 2024 to 2025, driven by new business in renewable diesel and vegetable oil sectors [42][40] - The Consumer Products Division saw a 10% CAGR in the domestic cat litter business over the past five years, with a significant milestone being the acquisition of UltraPET [46][47] - The Agriculture segment, particularly Amlin, is focusing on natural solutions as customers move away from therapeutic antibiotics, with strong growth prospects in the poultry and dairy industries [66][69] Market Data and Key Metrics Changes - The lightweight litter segment has shown explosive 10% volume growth, significantly outperforming the overall litter category [48][49] - The renewable diesel market is expected to grow due to recent EPA rulings, positioning the company well for increased sales in this sector [43][40] Company Strategy and Development Direction - The company is committed to a "Moneyball" strategy, focusing on data analytics to enhance decision-making and improve profitability [13][19] - Continued investment in manufacturing infrastructure is a priority to support long-term growth and operational efficiency [20][30] - The company plans to execute opportunistic share repurchases and maintain a strong balance sheet to support future investments [29][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for profit gains in the second half of the fiscal year, despite a tough comparison to the previous year [78] - The company is optimistic about the growth in the renewable diesel and vegetable oil markets, anticipating increased demand due to regulatory changes [43][40] Other Important Information - The company has raised its annual dividend increase from $0.04 to $0.10 per share, reflecting its commitment to returning value to shareholders [22] - The company maintains a strong balance sheet, with net cash position as of the end of Q1 fiscal 2026 [28] Q&A Session Summary Question: Are you more or less confident of recovery in the second half? - Management indicated that while the first half faced tough comparisons, they are ahead of their plan and see a realistic possibility of profit gains for the year as a whole [78] Question: Are Oil-Dri's bleaching clays being used to filter sustainable aviation fuel? - Yes, the sustainable aviation fuel market is growing, and the company expects increased sales of bleaching clay products in this sector [79] Question: What are the headwinds for Amlin this year? - Key issues include tariffs causing customer uncertainty, but orders have resumed, particularly in Brazil [81][82] Question: Will we see new products this year? - The company continues to invest in R&D and innovation, with new and improved crystal solutions being launched [83]

Financial Data and Key Metrics Changes - The company reported record-breaking performance in fiscal 2025, with significant increases in net sales, gross profit, and net income [19][20] - For Q1 fiscal 2026, net sales were $120 million, with a gross profit per ton of $175, maintaining a gross margin of 29.5% [21][23] - Diluted earnings per share for Q1 were $1.06, compared to $3.70 for the full year of fiscal 2025 [23] Business Line Data and Key Metrics Changes - The Cat Litter segment grew at a CAGR of 6.3%, while the B2B segment, particularly fluids purification, showed strong growth driven by renewable diesel and vegetable oil customers [20][21] - The company achieved an 11% year-over-year growth in Q1 fiscal 2026, despite a decrease in volume [22] Market Data and Key Metrics Changes - The renewable diesel market is expected to grow, with the company well-positioned to benefit from increased sales of bleaching clay products used in this sector [36] - The lightweight litter segment has shown a 10% CAGR over the past five years, significantly outperforming the overall cat litter category [40][42] Company Strategy and Development Direction - The company continues to implement its "Moneyball" strategy, focusing on data analytics to enhance decision-making and profitability [12][14] - There is a commitment to invest in manufacturing infrastructure to support long-term growth and operational efficiency [19][27] - The company plans to execute opportunistic share repurchases and maintain a strong balance sheet for future investments [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for profit gains in the second half of the fiscal year, despite tough comparisons from the previous year [63][64] - The company is optimistic about growth opportunities in the renewable diesel and vegetable oil markets, driven by regulatory changes [36][37] Other Important Information - The company has raised its annual dividend increase from $0.04 to $0.10 per share, reflecting its commitment to returning value to shareholders [20][24] - The company has maintained a strong balance sheet, with net cash position as debt has decreased to $39.8 million [25] Q&A Session Questions and Answers Question: Are Oil-Dri's bleaching clays currently being used to filter sustainable aviation fuel, and to what extent is that a potential growth market for Oil-Dri? - Yes, sustainable aviation fuel is a growing market, and increased sales of bleaching clay products are expected in this sector [65] Question: What are the headwinds for Amlin this year, and how will you overcome them? - Key issues include customer uncertainty due to tariffs, which have slowed orders in certain markets, but orders are now on the books for Brazil for the balance of the year [66][68] Question: Will we see new products this year? What color can you give? And please touch on the overall R&D budget and areas of emphasis. - The company continues to invest in R&D and innovation, focusing on base product improvement and new product development, including new crystal solutions with stronger claims [70]

Financial Performance - Consolidated net sales for Q1 FY 2026 were $120.5 million, a 6% decrease from $127.9 million in Q1 FY 2025[4] - Net income for Q1 FY 2026 was $15.5 million, down 6% from $16.4 million in the same period last year[13] - EBITDA for Q1 FY 2026 totaled $23.6 million, reflecting a 10% decrease compared to $26.2 million in Q1 FY 2025[11] - The B2B Products Group reported revenues of $44.3 million, a 9% decline from the prior year's record levels[15] - The R&W Products Group's revenues were $76.2 million, down 4% from the previous year's record, driven by a decline in volume[17] - Gross profit for Q1 FY 2026 was $35.5 million, representing a 13% decline from the prior year, with gross margins at 29.5%[8] - Net sales for the three months ended October 31, 2025, were $120,486, a decrease of 5.7% compared to $127,945 in the same period of 2024[31] - Gross profit margin decreased to 29.5% in Q1 2025 from 31.9% in Q1 2024, with gross profit amounting to $35,495 compared to $40,780[31] - Net income for Q1 2025 was $15,456, a decline of 5.6% from $16,376 in Q1 2024, maintaining a net income margin of 12.8%[31] - EBITDA for Q1 2025 was $23,641, down from $26,167 in Q1 2024, indicating a decline of 9.7%[37] Expenses and Liabilities - Selling, general and administrative expenses decreased by 5% to $18.5 million compared to $19.6 million in the same period last year[9] - Operating income for the B2B Products Group was $13.6 million, down 20% from $17.1 million in Q1 FY 2025[16] - Total current assets decreased to $170,076 as of October 31, 2025, from $177,383 as of July 31, 2025[33] - Total liabilities decreased to $114,196 as of October 31, 2025, from $132,617 as of July 31, 2025[33] Cash Flow and Dividends - Cash and cash equivalents at the end of Q1 FY 2026 totaled $42.4 million, down from $50.5 million at the end of FY 2025[14] - Cash and cash equivalents decreased to $42,384 from $50,458, reflecting a net decrease of $8,074 in cash during the quarter[35] - The company paid dividends of $2,444 in Q1 2025, compared to $2,096 in Q1 2024, representing an increase of 16.6%[35] - The company reported a decrease in accounts receivable by $3,077, improving cash flow from operations[35] Sales Performance - Domestic cat litter sales, excluding co-packaging, were $56.2 million, a 6% decline year-over-year[18] - Cash and cash equivalents decreased to $42,384 from $50,458, reflecting a net decrease of $8,074 in cash during the quarter[35] - The book value per share outstanding increased to $19.14 from $18.76, reflecting a growth of 2.0%[33]

Financial Performance - Net sales for the three months ended October 31, 2025, were $120.486 million, a decrease of 5.7% compared to $127.945 million for the same period in 2024[15] - Gross profit for the same period was $35.495 million, down 13.5% from $40.780 million year-over-year[15] - Net income for the three months ended October 31, 2025, was $15.456 million, a decline of 5.6% compared to $16.376 million in the prior year[15] - Earnings per share for common stock were $1.14 for the three months ended October 31, 2025, compared to $1.21 for the same period in 2024, reflecting a decrease of 5.8%[15] - Operating income for the three months ended October 31, 2025, was $26.033 million, down from $30.487 million in the prior year[80] - The Business to Business Products Group reported net sales of $44,286,000 for the three months ended October 31, 2025, down from $48,415,000 in 2024, a decrease of 4.7%[80] - The Retail and Wholesale Products Group achieved net sales of $76,200,000 for the three months ended October 31, 2025, compared to $79,530,000 in 2024, a decline of 4.4%[80] Assets and Liabilities - Total assets as of October 31, 2025, were $380.723 million, down from $391.677 million as of July 31, 2025, representing a decrease of 2.4%[11] - Total liabilities decreased to $114.196 million as of October 31, 2025, from $132.617 million as of July 31, 2025, a reduction of 13.9%[14] - Stockholders' equity increased to $266.527 million as of October 31, 2025, compared to $259.060 million as of July 31, 2025, an increase of 2.9%[14] - Cash and cash equivalents at the end of the period totaled $42,384,000, an increase from $13,506,000 year-over-year[25] - Cash equivalents decreased to $28.6 million as of October 31, 2025, down from $35.3 million as of July 31, 2025[59] - The estimated fair value of debt was $40.8 million as of October 31, 2025, slightly up from $40.3 million as of July 31, 2025[61] Dividends and Shareholder Returns - Dividends declared per share for common stock increased to $0.180 from $0.155 year-over-year, reflecting a growth of 16.1%[15] - Dividends paid during the period amounted to $2,444,000, an increase of 16.6% from $2,096,000 in the previous year[22] - The company declared dividends of $0.180 per share for Common Stock and $0.135 per share for Class B Stock for the three months ended October 31, 2025[15] Cash Flow and Expenditures - Net cash provided by operating activities was $10,349,000, down from $10,919,000, reflecting a decrease of 5.2%[22] - Capital expenditures for the period were $9,066,000, a reduction of 29.5% compared to $12,817,000 in the previous year[22] - The company experienced a net decrease in cash and cash equivalents of $8,074 thousand for the three months ended October 31, 2025, compared to a decrease of $10,975 thousand in the same period of 2024[22] Stock and Compensation - Average shares outstanding for diluted common stock increased to 13.927 million for the three months ended October 31, 2025, compared to 13.811 million in the prior year[15] - Stock-based compensation expense increased to $1.1 million for the three months ended October 31, 2025, from $0.9 million in the same period of 2024[84] - The total number of non-vested restricted stock outstanding as of October 31, 2025, was 611,000 shares, with a weighted average grant date fair value of $33.31 per share[85] Inventory and Receivables - Accounts receivable as of October 31, 2025, was $66,500,000, compared to $62,200,000 as of July 31, 2024, indicating a year-over-year increase of 7.4%[35] - Total inventories increased to $56.645 million as of October 31, 2025, compared to $51.594 million as of July 31, 2025, with finished goods valued at $32.214 million[58] Operating Segments and Expenses - Selling, general and administrative expenses (SG&A) include various costs such as salaries, marketing, and research and development, impacting overall profitability[48] - The company has two reportable operating segments: Retail and Wholesale Products Group, and Business to Business Products Group, with distinct customer bases and product offerings[77] Accounting and Compliance - The company is currently evaluating the impact of recently issued accounting standards on its financial disclosures, including ASU No. 2023-09 and ASU No. 2024-03[51][52] - The company has adopted new accounting standards requiring enhanced disclosures about significant segment expenses and income tax information[50][51]

Core Insights - Oil-Dri Corporation of America reported a 6% decline in consolidated net sales for the first quarter of fiscal year 2026, totaling $120.5 million compared to $127.9 million in the same period last year [2][5] - The company achieved a net income of $15.5 million, reflecting a 6% decrease from $16.4 million year-over-year, but still marked the second highest quarterly net income in its history [4][11] - Despite the decline in sales and income, the company noted strong performance in its agricultural products and co-packaging cat litter business, which contributed positively to overall revenues [5][13] Consolidated Financial Results - Net sales decreased by 6% from the prior year, driven by reduced volumes in fluids purification and cat litter businesses [2][5] - Income from operations was reported at $17.0 million, down 20% year-over-year, but showed an 8% sequential growth from the previous quarter [8] - EBITDA for the quarter totaled $23.6 million, a 10% decrease compared to the same period last year, but an 11% improvement sequentially [9] Segment Performance - The Business to Business (B2B) Products Group reported revenues of $44.3 million, down 9% year-over-year, with significant declines in fluids purification and animal health products, although agricultural business saw a 12% growth [13][14] - The Retail and Wholesale (R&W) Products Group's revenues were $76.2 million, a 4% decrease from the prior year, primarily due to lower domestic cat litter sales, which were impacted by competitive promotional efforts [15][16] Cost and Expenses - Consolidated gross profit was $35.5 million, reflecting a 13% decline from the previous year, with gross margins at 29.5% compared to 31.9% in the same period last year [6][23] - Selling, general and administrative (SG&A) expenses decreased by 5% to $18.5 million, attributed to lower bad debt expenses and a reduced corporate bonus accrual [7][16] Cash Flow and Financial Position - Cash and cash equivalents at the end of the quarter were $42.4 million, down from $50.5 million at the end of the previous fiscal year, with significant cash uses including capital investments and share repurchases [12][26] - The company reported a net decrease in cash and cash equivalents of $8.1 million for the quarter [27]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers have access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Group 1 - The service offers subscribers access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

Core Insights - Oil-Dri Corporation of America has been recognized on Forbes' 2026 list of America's Most Successful Small-Cap Companies for the third consecutive year, highlighting its financial strength and operational excellence [1][2] Company Overview - Oil-Dri Corporation is a leading manufacturer and supplier of specialty sorbent products across various markets, including pet care, animal health, fluids purification, and agriculture [3] - The company has over 80 years of experience and is vertically integrated, allowing it to manage the entire process from research and development to marketing and sales [3] Recognition Criteria - Forbes compiled the list using data from FactSet, focusing on companies with a market value between $300 million and $5 billion, positive sales growth over the past 12 months, and a share price of at least $5 [2] - The ranking emphasizes consistent positive sales growth, strong earnings results, robust return on equity, and total stock return over the last five years [2]

Core Insights - Amlan International has appointed Dr. Edwin Pei Yong Chow as Technical Service Director for the Asia-Pacific region, aiming to enhance technical service strategies and support business growth through customer engagement and innovation [1][4] Company Overview - Amlan International is the animal health division of Oil-Dri Corporation of America, a publicly traded company on the NYSE (Ticker: ODC), specializing in the manufacture and marketing of sorbent minerals [5] - The company leverages over 80 years of expertise in mineral science to produce feed additives for global markets [5] Leadership and Expertise - Dr. Chow has over 15 years of experience in animal health, feed additives, and nutrition, with a strong background in research, product development, and commercialization [2] - His previous roles include senior positions at Berg+Schmidt, Adisseo, and Kemin Industries, where he led teams in developing innovative solutions for livestock and aquaculture [2][3] Strategic Goals - Dr. Chow aims to utilize his technical expertise and strategic leadership to advance Amlan's mission of improving animal health and productivity through natural solutions [4] - He emphasizes the importance of building partnerships with distributors and customers in the Asia-Pacific region to drive growth and create a lasting impact [5]

Core Insights - Amlan International has appointed Dr. Edwin Pei Yong Chow as Technical Service Director for the Asia-Pacific region, aiming to enhance technical service strategies and support business growth through customer engagement and innovation [1][9]. Group 1: Appointment and Role - Dr. Chow will report to Dr. Michael Hua and is tasked with leading technical service initiatives across the APAC region [1]. - His responsibilities include supporting business growth through customer engagement, technical innovation, and training [1]. Group 2: Experience and Expertise - Dr. Chow has over 15 years of experience in animal health, feed additives, and nutrition, with a strong background in research, product development, and commercialization [2]. - He has held senior positions at companies like Berg+Schmidt, Adisseo, and Kemin Industries, where he led teams focused on innovative solutions for livestock and aquaculture [2]. Group 3: Achievements - Throughout his career, Dr. Chow has successfully launched aquaculture programs in Asia and established customer testing laboratories [3]. - He has driven product innovation through partnerships with universities, government agencies, and industry leaders [3]. Group 4: Strategic Vision - Dr. Chow's expertise in feed and nutrition is expected to enhance Amlan's value proposition in the diverse Asia-Pacific markets [4]. - He expressed a commitment to leveraging science and innovation to provide mineral-based solutions that improve animal performance and support the success of animal protein producers [5]. Group 5: Company Background - Amlan International is the animal health division of Oil-Dri Corporation of America, a global manufacturer of sorbent minerals with over 80 years of expertise [5]. - The company markets feed additives worldwide, with product availability varying by country [5].