Oil-Dri of America(ODC) - 2025 Q4 - Annual Results

Financial Performance - Consolidated net sales for fiscal year 2025 reached $485.6 million, an 11% increase from the prior year, with 8% organic growth and a 3% contribution from the acquisition of Ultra Pet Company, Inc.[7] - Fourth quarter net sales were $125.2 million, marking a 10% gain year-over-year and the 17th consecutive quarter of sales growth[13] - Annual consolidated net income hit a record high of $54.0 million, reflecting a 37% increase over the prior year[11] - EBITDA for fiscal year 2025 increased by 29% to $90 million, demonstrating strong operational momentum[11] - Operating income for fiscal year 2025 reached a record high of $68.2 million, reflecting a 32% increase over the prior year[10] - Net income for the twelve months ended July 31, 2025, was $53,996 thousand, a 37.0% increase from $39,426 thousand in 2024[36] - Basic common net income per share rose to $3.99 in 2025 from $2.92 in 2024, reflecting a significant increase[36] Segment Performance - The Business to Business (B2B) segment reported fourth quarter revenues of $48.1 million, a 24% increase compared to the prior year, driven by strong demand for agricultural and fluids purification products[18] - The Retail and Wholesale (R&W) segment's fourth quarter revenues reached $77.1 million, a 3% increase year-over-year, primarily due to higher demand for domestic cat litter[21] Profitability Metrics - Consolidated gross profit for fiscal year 2025 was a record $143.1 million, a 14% increase, with gross margin expanding to 29.5%[8] - Gross profit margin decreased to 27.8% in 2025 from 29.0% in 2024, with gross profit of $34,833 thousand compared to $33,024 thousand[34] - Operating income increased to $15,644 thousand, representing 12.5% of sales, up from $12,892 thousand or 11.3% of sales in the previous year[34] Cash Flow and Assets - Cash and cash equivalents grew from $23.5 million to $50.5 million, driven by higher net income and effective capital management[12] - Total assets increased to $391,677 thousand as of July 31, 2025, compared to $354,605 thousand in 2024[38] - Cash and cash equivalents at the end of the period were $50,458 thousand, up from $24,481 thousand in the previous year[40] - Net cash provided by operating activities for the twelve months ended July 31, 2025, was $80,183 thousand, compared to $60,313 thousand in 2024[40] Capital Expenditures - Capital expenditures for the year were $32,562 thousand, slightly higher than $32,000 thousand in 2024[40] Quarterly Performance - EBITDA for the fourth quarter ended July 31, 2025, was $21,358 thousand, up from $18,249 thousand in 2024[42]