I first wrote about Oil-Dri Corporation of America (NYSE: ODC ) on August 12 of 2024. Since then, the company has delivered 33% in total returns to shareholders (TSR). My thesis was simple: from a valuation perspective, the company was trading at a 26% discount toAn economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously.Analyst’s Disclosure: I/we have no stock ...

CHICAGO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Amlan® International, a leading provider of mineral-based technologies for animal health, will be exhibiting at the International Production & Processing Expo (IPPE) 2025, held January 28–30, 2025, at the Georgia World Congress Center in Atlanta, Georgia. Amlan’s booth, B4011, will feature cutting-edge feed additives aimed at enhancing poultry health and productivity, with live-streamed demonstrations of the binding power and unique mineral properties of Amlan’s mi ...

Financial Performance - Consolidated net sales for Q1 FY2025 reached a record $127.9 million, a 15% increase from $111.4 million in Q1 FY2024[6] - Operating income increased by 61% to $21.2 million, up from $13.2 million in the same period last year[8] - Net income rose to a record $16.4 million, reflecting a 52% improvement compared to $10.7 million in Q1 FY2024[10] - EBITDA for the quarter was $26.2 million, representing a 51% increase from $17.4 million in the prior year[5] - Gross profit reached $40.8 million, a 32% gain over the prior year, with gross margins expanding to 32% from 28%[6] - Net sales for the three months ended October 31, 2024, were $127,945,000, an increase from $111,438,000 for the same period in 2023, representing a growth of 14.8%[26] - Gross profit for the three months ended October 31, 2024, was $40,780,000, which is 31.9% of sales, compared to $30,991,000 or 27.8% of sales in the prior year[26] - Operating income increased to $21,190,000, representing 16.6% of sales, up from $13,156,000 or 11.8% of sales in the same quarter last year[26] - Net income for the three months ended October 31, 2024, was $16,376,000, or 12.8% of sales, compared to $10,742,000 or 9.6% of sales in the previous year[26] - Basic net income per share increased to $2.43, up from $1.61 in the same quarter of 2023[26] - EBITDA for the first quarter ended October 31, 2024, was $26,167,000, compared to $17,384,000 for the same period in 2023[30] Revenue Breakdown - The B2B Products Group generated revenues of $48.4 million, a 24% increase driven by higher volumes and sales from fluids purification[12] - The Retail and Wholesale Products Group achieved revenues of $79.5 million, a 10% increase, with 8% attributed to the acquisition of Ultra Pet[14] Expenses and Assets - SG&A expenses increased by 10% to $19.6 million, reflecting higher compensation costs and other operating segment costs[7] - Cash and cash equivalents totaled $12.5 million, down from $23.5 million at the end of FY2024, due to significant investments in manufacturing infrastructure[11] - Total current assets as of October 31, 2024, were $144,115,000, a slight decrease from $147,158,000 as of July 31, 2024[28] - Total liabilities decreased to $126,179,000 as of October 31, 2024, from $144,017,000 as of July 31, 2024[28] - Cash and cash equivalents decreased to $12,506,000 from $23,481,000 in the previous quarter[28] Future Outlook - The company expects to continue its growth trajectory, supported by strong performance in renewable diesel and crystal cat litter markets[5] - Book value per share outstanding increased to $32.43 from $30.69[27]

CHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared quarterly cash dividends of $0.155 per share of the Company’s Common Stock and $0.1165 per share of the Company’s Class B Stock. The dividend amount has been proportionately reduced to reflect the anticipated two-for-one stock split, in the form of a stock dividend, where stockholders of record at the close of business on December 20, 2024, the record date of the stock split, will r ...

Oil-Dri Corporation of America (NYSE:ODC) Q1 2025 Results Conference Call December 11, 2024 10:30 AM ET Company Participants Leslie Garber - Director of Investor Relations Anthony W. Parker - Vice President, General Counsel and Secretary Daniel S. Jaffee - President & Chief Executive Officer Susan Kreh - Chief Financial Officer & Chief Information Officer Aaron Christiansen - Vice President of Operations Bruce Patsey - Vice President & General Manager Chris Lamson - Group Vice President of Retail and Wholes ...

Financial Performance - Net sales for the three months ended October 31, 2024, were $127,945,000, an increase of 14.8% compared to $111,438,000 for the same period in 2023[17] - Gross profit for the three months ended October 31, 2024, was $40,780,000, representing a gross margin of 31.9%, up from $30,991,000 in 2023[17] - Net income for the three months ended October 31, 2024, was $16,376,000, a 52.5% increase from $10,742,000 in the same period last year[19] - Basic earnings per share for common stock increased to $2.43 for the three months ended October 31, 2024, compared to $1.61 in 2023[17] - Income from operations for the three months ended October 31, 2024, was $21,190,000, compared to $13,156,000 for the same period in 2023, reflecting a growth of 61.1%[87] - The company reported a total comprehensive income of $16,334,000 for the three months ended October 31, 2024, compared to $10,557,000 in the same period last year[19] Assets and Liabilities - Total current assets decreased to $144,115,000 as of October 31, 2024, from $147,158,000 as of July 31, 2024[12] - Total liabilities decreased to $126,179,000 as of October 31, 2024, from $144,017,000 as of July 31, 2024[15] - Total stockholders' equity increased to $223,992,000 as of October 31, 2024, compared to $210,588,000 as of July 31, 2024[15] - Total current liabilities decreased to $54,841,000 from $66,677,000, a reduction of 17.8%[15] - Total noncurrent liabilities decreased to $71,338,000 from $77,340,000, a decline of 7.8%[15] - Total assets as of October 31, 2024, were $350,171,000, a decrease from $354,605,000 as of July 31, 2024[12] Cash Flow and Investments - Total cash provided by operating activities for the three months ended October 31, 2024, was $10,919,000, up from $8,564,000 in 2023, indicating a 27.5% increase[24] - Capital expenditures for the three months ended October 31, 2024, were $12,817,000, compared to $8,064,000 in 2023, reflecting a 58.5% increase[24] - The balance of cash and cash equivalents at the end of the period was $13,506,000, down from $29,579,000 in 2023, indicating a decrease of 54.4%[24] - The company experienced a net decrease in cash and cash equivalents of $(10,975,000) in 2024, compared to $(2,175,000) in 2023, highlighting cash flow challenges[24] Dividends and Stock - The company declared dividends of $0.310 per share for common stock and $0.233 per share for Class B stock, compared to $0.290 and $0.218, respectively, in 2023[17] - Dividends declared in the three months ended October 31, 2024, were $2,098,000, compared to $1,953,000 in 2023, marking a 7.4% increase[24] - Stock-based compensation expense for the three months ended October 31, 2024, was $0.9 million, compared to $0.8 million in the same period of 2023[91] - As of October 31, 2024, there were 350,000 non-vested restricted shares outstanding, with a weighted average grant date fair value of $53.75 per share[92] Inventory and Receivables - Total inventories increased to $56.025 million as of October 31, 2024, compared to $54.236 million as of July 31, 2024, with finished goods rising from $31.772 million to $34.130 million[62] - The company reported an increase in accounts receivable of $9,020,000 for the three months ended October 31, 2024, compared to an increase of $1,487,000 in 2023[24] - Inventory reserves were $3.7 million as of October 31, 2024, down from $3.8 million as of July 31, 2024[62] Compliance and Accounting - The company is in compliance with all covenants as of October 31, 2024, with no new borrowings during the first quarter of fiscal year 2025[79] - The company has not adopted any new accounting pronouncements during the reporting period[57] - The company is currently evaluating the impact of new accounting standards issued by the FASB, including ASU No. 2023-09 and ASU No. 2023-07, which will enhance disclosures related to income taxes and segment reporting, respectively[53][54] Other Financial Metrics - The company recorded a loss on impairment of patent applications amounting to $48,000 in 2024, with no such loss reported in 2023[24] - Operating lease costs for the three months ended October 31, 2024, were $1.37 million, compared to $546,000 for the same period in 2023, indicating an increase of 150%[82] - The company had $5 million drawn under the Credit Agreement at a 6.66% interest rate as of October 31, 2024, with $2.9 million of letters of credit outstanding[79]

CHICAGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) has once again received the honor of winning a Chicagoland Top Workplace award by the Chicago Tribune. The 2024 award is based solely on teammate feedback gathered through a confidential survey issued by a third-party. The survey uniquely measures the employee experience and its component themes, such as feeling respected and supported, having opportunities for growth, and being empowered to execute. Daniel S. Jaffee, Pres ...

Group 1 - Oil-Dri Corporation of America announced price increases on its industrial, automotive, and sports field products, effective November 1, 2024, ranging from 5% to 8% depending on the product [1] - The price adjustments are necessary to offset higher costs and to support ongoing investments in manufacturing infrastructure improvements [1] Group 2 - Oil-Dri Corporation is a leading manufacturer and supplier of specialty sorbent products across various markets, including pet care, animal health, and industrial sectors [2] - The company has over 80 years of experience and is vertically integrated, allowing it to efficiently manage the entire process from research and development to marketing and sales [2]

Core Viewpoint - Oil-Dri Corporation of America is set to release its earnings for the first quarter of fiscal year 2025 on December 9, 2024, and will host a virtual earnings discussion and annual meeting on December 11, 2024 [1]. Company Information - Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products across various markets including pet care, animal health, fluids purification, agricultural ingredients, sports field, industrial, and automotive [3]. - The company has over 80 years of experience and is vertically integrated, allowing it to manage every step of the process from research and development to marketing and sales [3].

CHICAGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its fourth quarter and fiscal year 2024. Fourth Quarter Year to Date (in thousands, except per share amounts) Ended July 31, Ended July 31, 2024 2023 Change 2024 2023 Change Consolidated Results Net Sales $ 113,702 $ 107,388 6 % $ 437,587 $ 413,021 6 % Operating Income (Including Unallocated Corporate Expenses) $ 12,892 $ 12,709 1 % $ 51,645 $ ...