Oil-Dri Corporation of America

Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Retail and Wholesale Products Group, and Business to Business Products Group segments. The Retail and Wholesale Products Group segment operates merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, and sports field product users. The Business to Business Products Group segment focuses on processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products. The company was founded by Nick Jaffee in 1941 and is headquartered in Chicago, IL.

Earnings data Q3 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

ODC reports strong Q1 earnings, plans stock buyback program

ODC's strong quarter and cash generation prompt plans to restart the stock buyback program. Amlan's positive performance and growth potential are key highlights. The company's strategic approach to business decisions and efforts to drive higher sales of specific products are notable.

ODC reports record Q4 sales, addresses rising costs and opportunities

ODC's Q3 earnings call highlighted the company's exceptional performance, with record net sales and significant increases in operating income. While facing challenges such as timing issues and rising costs, the company is well-positioned to capitalize on opportunities in fiscal '24, including new product approvals and securing significant orders.

Oil-Dri Corp reports record sales and profit growth, eyes new markets

Oil-Dri Corporation of America delivered strong financial performance with record sales and increased gross profit. While facing challenges in certain markets and aging infrastructure, the company remains focused on strategic investments and maintaining a robust balance sheet for growth opportunities.

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Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments. The Business to Business Products Group segment focuses on processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products. The Retail and Wholesale Products Group segment operates merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, and sports field product users. The company was founded by Nick Jaffee in 1969 and is headquartered in Chicago, IL.

CHICAGO, May 01, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) (“Oil-Dri”), a leading manufacturer of sorbent minerals including clay-based cat litter, announces the closing of its previously announced $46 million acquisition of Ultra Pet Company, Inc. (“Ultra Pet”), a prominent supplier of silica gel-based crystal cat litter. The transaction was financed through a combination of cash-on-hand and Oil-Dri's existing credit facilities.

Oil-Dri Completes Strategic Acquisition of Ultra Pet, Strengthening its Position in the Cat Litter Industry

CHICAGO, April 17, 2024 (GLOBE NEWSWIRE) -- Amlan International, the animal health division of Oil-Dri® Corporation of America, is proud to announce its sponsorship and participation at the XLVIII Annual ANECA Convention, to be held in Veracruz, Mexico from April 23rd to 25th. This year commemorates the 50th anniversary of the National Association of Poultry Science Specialists of Mexico (ANECA), highlighting its pivotal role in assembling top professionals and experts who have significantly propelled the industry's advancement.

Amlan International to Sponsor and Present at ANECA 2024 Annual Convention, Focusing on Poultry Industry Growth in Mexico

CHICAGO, April 16, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) (“Oil-Dri”), a leading manufacturer of sorbent minerals including clay-based cat litter, announced today that it has entered into a definitive agreement to acquire privately-held Ultra Pet Company, Inc. (“Ultra Pet”), a prominent supplier of silica gel-based crystal cat litter.

Oil-Dri to Acquire Ultra Pet in Strategic Move to Compete in Rapidly Growing Crystal Cat Litter Market

Oil-Dri Corporation of America (NYSE:ODC ) Q2 2024 Earnings Conference Call March 8, 2024 11:00 AM ET Company Participants Dan Jaffee - President and CEO Susan Kreh - CFO and CIO Aaron Christiansen - VP, Operations Wade Robey - VP, Ag and President of Amlan International Chris Lamson - Group VP of Retail and Wholesale Bruce Patsey - VP, Fluids Purification Leslie Garber - Director of IR Conference Call Participants Operator Good day, and thank you for standing by, and welcome to Oil-Dri Corporation of America Second Quarter Fiscal 2024 Earnings Discussion via webcast. [Operator Instructions] Please note that today's conference is being recorded.

Oil-Dri Corporation of America (ODC) Q2 2024 Earnings Call Transcript

CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its second quarter and first six-months of fiscal year 2024.

Oil-Dri Achieves Record Results for the Second Quarter and Triples its Net Income

CHICAGO, March 06, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared quarterly cash dividends of $0.29 per share of the Company's Common Stock and $0.218 per share of the Company's Class B Stock.

Oil-Dri Board of Directors Declares Quarterly Dividends

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Amlan® International, the animal health division of Oil-Dri® Corporation of America, is excited to announce its partnership with Grupo Profil as the newest distributor for the Latin American region. Known for their dedication to providing natural alternatives and comprehensive solutions in prophylaxis and nutrition to the regional livestock sector, Grupo Profil will now offer Amlan's innovative, natural feed additives to animal health retailers across Guatemala, El Salvador, and Honduras.

Amlan International Forges Strategic Partnership with Grupo Profil as its Newest Latin American Distributor, Amplifying Access to Innovative Gut Health Solutions for Protein Producers

ODC's revenue has grown well (+5% CAGR) on the back of incremental development and benefits from macroeconomic conditions. We are hesitant to suggest this will continue. ODC is expanding its capabilities, investing in clean energy solutions and alternative fuel sources. This is primed to improve its growth rate as adoption and scale grow. Although we suspect the company's margins will fall, we do believe they will normalize above its historical average, with scope for improvement based on innovation.

Oil-Dri Corporation: Alternative Energy Innovation And Superior Margins

CHICAGO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Amlan® International, the animal health business of Oil-Dri® Corporation of America and a global leader in mineral-based feed additives that optimize the intestinal health of poultry and livestock, proudly announces its recognition at the International Production & Processing Expo (IPPE) with the prestigious "Best of the Best" award in Live Production for its innovative product, NeutraPath®, available in select international markets. This accolade highlights Amlan's commitment to advancing the poultry industry with innovative solutions and follows the honor bestowed with the same award for their natural anticoccidial feed additive, Phylox® at the expo last year.

Amlan® International Honored with New Product Showcase "Best of the Best" Award for NeutraPath® at IPPE

CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Amlan® International, the animal health business of Oil-Dri® Corporation of America, is pleased to announce its participation in the upcoming XXX AMVECAJ International Congress, scheduled to take place from February 7th to 9th, 2024, in Tepatiplan de Morelos, Jalisco. The event, organized by the Association of Veterinary Doctors Specialists in Pigs of Los Altos de Jalisco (AMVECAJ), holds significant importance in the swine sector, both nationally and internationally. The theme this year is “One Health” and will cover topics relevant to pig health management, nutrition, and animal welfare with participation of leading experts from the United States, Colombia, Uruguay, Argentina, Brazil, and Mexico. AMVECAJ presents an ideal platform for Amlan to showcase its natural mineral-based feed additives, technical services expertise, and engage with pig producers on a global scale.

Amlan International Partners with KOFARM to Showcase Gut Health Solutions for Swine at AMVECAJ 2024

If you Purchase Antibacterial Clumping Litter in February, Cat's Pride will Double their litter donations to Shelters Across the U.S. CHICAGO , Feb. 1, 2024 /PRNewswire/ -- In honor of National Cat Health Month, Cat's Pride, a brand from family-run company Oil-Dri Corporation of America (NYSE: ODC), is celebrating by helping 'Give Shelter Cats a Clean Start' with its innovative Antibacterial Clumping Litter. For every jug of Antibacterial Clumping Litter sold during the month of February, Cat's Pride will donate two pounds of litter to help shelters nationwide take care of cats.

JOIN CAT'S PRIDE® DURING NATIONAL CAT HEALTH MONTH AND 'GIVE SHELTER CATS A CLEAN START'

CHICAGO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Amlan® International, the animal health business of Oil-Dri® Corporation of America, is proud to announce its participation in the upcoming International Production and Processing Expo (IPPE), from January 30th to February 1st in Atlanta, Georgia. Amlan is set to showcase its commitment to advancing animal health and feed technology through multiple on-site presentations. The Amlan team looks forward to engaging with an international audience of animal production professionals, sharing comprehensive insights into its range of mineral based feed additives with attendees, media, and fellow exhibitors at booth B15005.

Amlan International Set To Exhibit Natural Mineral Technology At International Production And Processing Expo (IPPE)

Oil-Dri Corporation of America has seen tremendous upside, with shares up 157.2% since my first bullish thesis in August 2022. ODC's financial performance remains strong, with revenue and profits increasing significantly in 2023 and 2024. Management is investing heavily in growth initiatives, including alternative energy projects and expansion in the renewable diesel market.

Oil-Dri Corporation of America: Fuel For Further Growth

Oil-Dri Corporation of America (NYSE:ODC ) Q1 2024 Earnings Conference Call December 13, 2023 10:30 AM ET Company Participants Leslie Garber - Manager, IR Laura Scheland - Chief Legal Officer, Vice President and General Manager, Consumer Products Division Dan Jaffee - President & CEO Susan Kreh - Chief Financial Officer Aaron Christiansen - VP of Operations Chris Lamson - Group VP of Retail & Wholesale Wade Robey - VP of Ag & President of Amlan International Bruce Patsey - Vice President of Fluids Purification Division Conference Call Participants Leslie Garber Good morning and welcome to Oil-Dri Corporation of America's 2023 Annual Meeting of Stockholders. My name is Leslie Garber and I am the Director of Investor Relations at Oil Dri.

Oil-Dri Corporation of America (ODC) Q1 2024 Earnings Call Transcript

CHICAGO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its first quarter of fiscal year 2024.

Oil-Dri Announces Record Results for First Quarter of Fiscal Year 2024 and Doubles its Net Income

CHICAGO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Amlan® International, the animal health business of Oil-Dri® Corporation of America (NYSE: ODC) and a global leader in mineral-based feed additives that optimize the intestinal health of poultry and livestock, is pleased to announce an expansion of their presence in the Southern Vietnam market through a new distribution partnership with Saigon Nutrition Corporation.

Amlan® International Expands in Southern Vietnam with New Distribution Partner, Saigon Nutrition Corporation

CHICAGO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America was recently ranked #7 out of 100 on Forbes' List of America's Most Successful Small-Cap Companies for 2024.

Oil-Dri Corporation of America Ranked #7 on Forbes' 2024 List of America's Most Successful Small-Cap Companies

CHICAGO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The Chicago Tribune has named Oil-Dri Corporation of America (NYSE: ODC) a 2023 Chicagoland Top Workplace. The award is based solely on employee feedback gathered through a third-party survey which uniquely measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, and connection.

Oil-Dri Corporation of America Named a Winner of the Chicagoland Top Workplaces 2023 Award by the Chicago Tribune

CHICAGO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) announced today that it expects to release earnings for its first quarter of fiscal year 2024 after the close of the U.S. stock market on Monday, December 11, 2023. The Company will host its first quarter fiscal 2024 earnings discussion and its Annual Meeting of Stockholders virtually via a live webcast on Wednesday, December 13, 2023 at 9:30 am Central Time. The record date for voting eligibility at the Annual Meeting was Monday, October 16, 2023.

Oil-Dri to Host First Quarter 2024 Earnings Discussion and Fiscal Year 2023 Annual Meeting of Stockholders via Live Webcast

The First and Only Litter to Kill 99.9% of Odor-Causing Bacteria CHICAGO , Oct. 27, 2023 /PRNewswire/ -- To celebrate National Cat Day, Oil-Dri Corporation of America (NYSE: ODC), a leading manufacturer of quality cat litter and the inventor of lightweight litter, is giving cats the clean litter box they deserve. The company is proud to unveil their newest innovation – Cat's Pride Antibacterial Clumping Litter.

CAT'S PRIDE® INTRODUCES REVOLUTIONARY ANTIBACTERIAL LITTER

CHICAGO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Amlan® International, the animal health business of Oil-Dri® Corporation of America (NYSE: ODC) and a global leader in mineral-based feed additives that optimize the intestinal health of poultry and livestock, announces the appointment of Dr. Cesar Coto, a distinguished industry expert, as the newest addition to its team. Dr. Coto will assume the role of Technical Services Director, LATAM, a position vital to supporting customers in Mexico, Central America, South America, and the Caribbean. His appointment underscores Amlan's commitment to delivering reliable technical support and natural solutions to its valued customers.

Amlan® International Welcomes Technical Service Expert, Dr. Cesar A. Coto To Serve Latin American Market

Oil-Dri Corporation of America (NYSE:ODC ) Q4 2023 Earnings Conference Call October 12, 2023 11:00 AM ET Company Participants Dan Jaffee - President & CEO Leslie Garber - Manager, IR Wade Robey - VP of Ag & President of Amlan International Chris Lamson - Group VP of Retail & Wholesale Aaron Christiansen - VP of Operations David Atkinson - VP Controller Conference Call Participants Operator Thank you for standing by, and welcome to Oil-Dri Corporation of America Q4 and Fiscal Year 2023 Earnings Discussion. At this time, all participants are in a listen-only mode.

Oil-Dri Corporation of America (ODC) Q4 2023 Earnings Call Transcript

CHICAGO, Oct. 12, 2023 (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 2023.

Oil-Dri Announces Record Financial Results for the Fourth Quarter and Fiscal Year 2023

With new quarterly reports indicating international demand, further increase in the price of products, and operating efficiency, Oil-Dri Corporation of America would most likely receive further demand. The company reports international demand, particularly from Canada, and continues to improve operating efficiency. The stock has the potential to trade at a higher price as more investors conduct due diligence on the company.

Oil-Dri: Cheap, Exposure To The Pet Industry, And International Growth

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