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Oil-Dri of America (ODC) investor relations material
Oil-Dri of America Q1 2026 & AGM 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record-breaking performance in fiscal 2025, with new highs in net sales, gross profit, and net income, driven by strategic focus on value creation and product mix improvements.
Achieved the second highest quarterly earnings in company history for Q1 FY2026, despite challenging year-over-year comparisons against last year's record results.
Successfully integrated the UltraPET acquisition, expanded the renewable diesel business, and continued to invest in manufacturing infrastructure and digital capabilities.
Maintained a 22-year streak of annual dividend increases, with an accelerated increase to $0.10 per share.
Completed a two-for-one stock split in January 2025, increasing authorized shares and adjusting outstanding awards.
Financial highlights
Fiscal 2025 saw 11% year-over-year net sales growth, with Q1 FY2026 net sales at $120.5 million, down 6% year-over-year after record highs in the prior year.
Gross profit per ton in Q1 FY2026 was $175, with gross profit at $35.5 million, a 13% decrease year-over-year; gross margin was 29.5%, down from 31.9% last year.
EBITDA for Q1 FY2026 was $23.6 million, down 10% year-over-year but up 11% sequentially; diluted EPS was $1.06, down 6% year-over-year.
Paid dividends per share increased to $0.18 in Q1 FY2026; $2.4 million in dividends paid during the quarter.
Cash and cash equivalents at quarter-end were $42.4 million, down from $50.5 million at fiscal year-end.
Outlook and guidance
Management expects sufficient liquidity for foreseeable working capital, capital expenditures, dividends, and debt service, supported by cash flow, credit facilities, and available financing.
Expecting a tough first half of fiscal 2026 due to strong prior-year comparables, but confident in a potential profit gain for the full year if plans are met.
Continued focus on the Moneyball strategy to improve volumes, product mix, and bottom line, with ongoing investments in digital infrastructure, manufacturing, and opportunistic share repurchases planned.
Management remains focused on sustained business expansion, leveraging strong fundamentals and momentum.
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