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Oil-Dri of America(ODC) - 2025 Q3 - Quarterly Results
ODCOil-Dri of America(ODC)2025-06-05 20:31

Financial Performance - Consolidated net sales for Q3 2025 reached 115.5million,an8115.5 million, an 8% increase year-over-year, marking the 16th consecutive quarter of sales growth[7] - Net income for Q3 2025 was 11.6 million, reflecting a 50% increase compared to the same period last year[12] - EBITDA increased by 35% to 20.2millioninQ32025,demonstratingstrongoperationalperformance[12]−ConsolidatedgrossprofitforQ32025was20.2 million in Q3 2025, demonstrating strong operational performance[12] - Consolidated gross profit for Q3 2025 was 33.0 million, a 10% increase over the prior year, with gross margins at 28.6%[8] - Operating income increased to 13.9million,a3313.9 million, a 33% rise compared to the previous year, driven by improved sales and lower SG&A expenses[10] - Net sales for the nine months ended April 30, 2025, increased to 360,360,000, representing a 11.3% growth from 323,885,000in2024[29]−Grossprofitmarginimprovedto30.0323,885,000 in 2024[29] - Gross profit margin improved to 30.0% in 2025, up from 28.4% in 2024, with gross profit rising to 108,250,000[29] - Operating income increased by 35.6% to 52,576,000,comparedto52,576,000, compared to 38,753,000 in the previous year, reflecting an operating margin of 14.6%[29] - Net income for the nine months ended April 30, 2025, was 40,941,000,a32.540,941,000, a 32.5% increase from 30,901,000 in 2024, resulting in a net income margin of 11.4%[29] - EBITDA for the year to date ended April 30, 2025, was 68,631,000,comparedto68,631,000, compared to 51,614,000 in 2024, reflecting strong operational performance[32] Revenue Breakdown - The Business to Business (B2B) Products Group reported revenues of 42.7million,an1842.7 million, an 18% increase year-over-year, driven by strong agricultural and fluids purification product sales[14] - The Retail and Wholesale (R&W) Products Group's revenues reached 72.8 million, a 3% increase, with 4.8millioncontributedfromtheacquisitionofUltraPet[16]CashandAssets−Cashandcashequivalentsgrewto4.8 million contributed from the acquisition of Ultra Pet[16] Cash and Assets - Cash and cash equivalents grew to 36.5 million as of April 30, 2025, up from 23.5millionattheendoffiscalyear2024[13]−Cashandcashequivalentsroseto23.5 million at the end of fiscal year 2024[13] - Cash and cash equivalents rose to 36,475,000 as of April 30, 2025, compared to 23,481,000asofJuly31,2024,indicatingimprovedliquidity[30]−Totalassetsincreasedto23,481,000 as of July 31, 2024, indicating improved liquidity[30] - Total assets increased to 369,543,000 as of April 30, 2025, up from 354,605,000asofJuly31,2024[30]−NetcashprovidedbyoperatingactivitiesfortheninemonthsendedApril30,2025,was354,605,000 as of July 31, 2024[30] - Net cash provided by operating activities for the nine months ended April 30, 2025, was 54,988,000, significantly higher than 36,929,000in2024[31]DividendsandShareholderValue−Thecompanypaiddividendstotaling36,929,000 in 2024[31] Dividends and Shareholder Value - The company paid dividends totaling 6,290,000 during the nine months ended April 30, 2025, compared to 5,848,000inthepreviousyear[31]−Bookvaluepershareoutstandingincreasedto5,848,000 in the previous year[31] - Book value per share outstanding increased to 17.79 as of April 30, 2025, up from $15.35 as of July 31, 2024[30] Cost and Tax - The company experienced a 5% increase in domestic cost of goods sold per ton due to higher material and freight costs[8] - The effective tax rate decreased to 18% in Q3 2025 from 23% in the same period last year, primarily due to higher pre-tax income[11]