Oil-Dri of America(ODC) - 2025 Q3 - Quarterly Report

Financial Performance - Net sales for the nine months ended April 30, 2025, increased to $360.36 million, up from$323.89 million in the same period of 2024, representing a growth of 11.3%[13] - Gross profit for the nine months ended April 30, 2025, was $108.25 million, compared to$92.07 million in 2024, reflecting a gross margin increase from 28.5% to 30.0%[13] - Net income for the nine months ended April 30, 2025, rose to $40.94 million, a 32.5$30.90 million in 2024[13] - Earnings per share for basic common stock increased to $3.03 for the nine months ended April 30, 2025, compared to$2.29 in 2024, marking a growth of 32.3%[13] - Operating income for the nine months ended April 30, 2025, was $52.58 million, up from$38.75 million in 2024, reflecting a growth of 35.7%[13] - The company reported a total comprehensive income of $40.92 million for the nine months ended April 30, 2025, compared to$30.85 million in 2024, an increase of 32.7%[16] - Net income for the nine months ended April 30, 2025, was $40,941,000, an increase from$30,901,000 in the same period of 2024, representing a growth of approximately 32.9%[27] - Net income for the nine months ended April 30, 2025, was $40,941,000, compared to$30,901,000 for the same period in 2024, marking a 32.5% increase[87] Assets and Liabilities - Total assets as of April 30, 2025, were $369.54 million, an increase from$354.61 million as of July 31, 2024[10] - Total liabilities decreased to $122.68 million as of April 30, 2025, down from$144.02 million as of July 31, 2024, indicating a reduction of 14.8%[12] - The company's total assets increased to $369,543,000 as of April 30, 2025, from$354,605,000 as of July 31, 2024, reflecting a growth of 4.2%[85] - Retained earnings increased to $266.89 million as of April 30, 2025, compared to$232.25 million as of July 31, 2024, reflecting a growth of approximately 14.9%[12] Cash Flow and Investments - Cash provided by operating activities for the nine months ended April 30, 2025, was $54,988,000, compared to$36,929,000 for the same period in 2024, indicating a year-over-year increase of about 48.9%[27] - Capital expenditures for the nine months ended April 30, 2025, were $24,483,000, slightly higher than$23,717,000 in the same period of 2024[27] - The ending balance of cash and cash equivalents as of April 30, 2025, was $36,475,000, down from$46,821,000 at the end of the same period in 2024[27] - The company recorded a loss on impairment of patent applications amounting to $48,000 for the nine months ended April 30, 2025, with no such loss reported in 2024[27] Dividends - The company declared dividends of$0.465 per share for common stock and $0.350 per share for Class B stock for the nine months ended April 30, 2025, compared to$0.435 and $0.327 respectively in 2024[13] - The company declared dividends totaling$6,290,000 for the nine months ended April 30, 2025, compared to $5,848,000 in 2024, reflecting an increase of approximately 7.5$0.1550 per share for basic common stock, up from $0.1450 in the previous year, marking an increase of about 3.4$134,509,000, up 20.5% from $111,591,000 in 2024[87] - The Retail and Wholesale Products Group reported net sales of$225,851,000 for the nine months ended April 30, 2025, an increase of 6.4% from $212,294,000 in 2024[87] - Operating income for the Business to Business Products Group increased to$44.8 million for the nine months ended April 30, 2025, compared to $32.7 million in 2024[87] Other Financial Metrics - Total inventories as of April 30, 2025, amounted to$56,531,000, a 4.3% increase from $54,236,000 as of July 31, 2024[62] - Cash equivalents increased to$6,900,000 as of April 30, 2025, compared to $3,000,000 as of July 31, 2024[63] - The estimated fair value of debt was$41,100,000 as of April 30, 2025, down from $51,100,000 as of July 31, 2024[65] - Accrued expenses totaled$37,207,000 as of April 30, 2025, a decrease of 15.4% from $44,016,000 as of July 31, 2024[71]