ODC

Shares of Oil-Dri Corporation of America ODC have lost 2.1% since reporting fourth-quarter fiscal 2026 earnings. This compares with the S&P 500 index's 0.2% return over the same period. Over the past month, the stock has declined 0.3% against the S&P 500's 3.1% increase. Oil-Dri reported fourth-quarter fiscal 2026 net sales of $129.3 million, up 3% from $125.2 million in the year-ago quarter. Earnings per share increased 12% to $1 from 89 cents in the year-ago quarter. Net income rose 10% year over year to $14.4 million, while operating income increased 17% to $18.2 million. EBITDA advanced 13% to $24.1 million. The company attributed its revenue growth primarily to favorable product mix across both operating segments. Oil-Dri Corporation Of America price-consensus-eps-surprise-chart | Oil-Dri Corporation Of America Quote The Business-to-Business (B2B) Products Group generated record quarterly revenues of $50.1 million, increasing 4% year over year. Segment operating income grew 13% to $17 million, supported by higher sales and reduced selling, general and administrative (SG&A) expenses. Animal health revenues increased 18% year over year to a record $9.9 million, benefiting from stronger domestic and international demand. Agricultural product revenues climbed 6% to $12.6 million, reflecting higher demand and order timing. Fluids purification revenues remained relatively stable at $27.6 million. The Retail and Wholesale (R&W) Products Group recorded revenues of $79.2 million, up 3% year over year. However, segment operating income declined 5% to $9.3 million, primarily reflecting increased transportation costs. Co-packaged cat litter sales surged 60%, supported by expanded lightweight litter offerings. Conversely, domestic cat litter revenues, excluding co-packaged products, declined 3% to $55.9 million. Domestic industrial and sports product revenues increased 7% to $12.1 million, aided by pricing adjustments. Fiscal fourth-quarter consolidated gross profit increased 3% to approximately $36 million, while the gross margin remained unchanged at 27.8%. Domestic cost of goods sold per ton increased 3% year over year due to elevated freight expenses. Management attributed the transportation pressure to geopolitical developments affecting diesel prices and reduced trucking industry capacity. SG&A expenses declined 8% to $17.7 million from $19.2 million in the prior-year quarter, reflecting lower outside service expenses and corporate personnel costs. These reductions helped offset inflationary pressures and supported operating income growth. Meanwhile, income tax expenses increased to $3.7 million from $2.4 million, reflecting higher pre-tax earnings and the impacts of one-time tax benefits in the prior-year quarter. CEO Daniel Jaffee emphasized that stronger second-half performance helped overcome challenging year-over-year comparisons earlier in fiscal 2026. For fiscal 2026, revenues increased 2% year over year to a record $493.8 million, while net income advanced 6% to $57 million. However, the annual gross margin contracted to 27.8% from 29.5%, reflecting higher manufacturing and freight costs. CFO Susan Kreh highlighted the company's financial flexibility, with year-end cash and equivalents increasing approximately 45% to $73.7 million. The annual operating cash flow totaled $80.1 million, while capital expenditure reached $34.2 million. The company also repurchased $12.6 million in shares and distributed $10.4 million in dividends during fiscal 2026. Management identified organic investment, product innovation and strategic acquisitions as priorities. Executives expect continued opportunities in animal health, agricultural products and lightweight cat litter. However, management acknowledged that the exceptionally strong fourth-quarter animal health sales pace might not be sustainable. Kreh also indicated that capital spending could exceed recent annual levels as the company evaluates additional manufacturing and infrastructure investments. Oil-Dri expanded its financing capacity through revised credit arrangements. Its revolving credit facility increased 33% to $100 million, while its fixed-rate shelf facility doubled to $150 million. Including the revolving facility's expanded accordion feature, total potential borrowing capacity across the two arrangements increased from $200 million to $375 million. Management said that the additional flexibility could support future acquisitions, aligned with its sorbent minerals business, while maintaining disciplined leverage and capital allocation. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oil-Dri Corporation Of America (ODC): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Oil-Dri Corporation of America (ODC) just reported fourth quarter and full year 2026 results, with sales of US$129.29 million for the quarter and US$493.84 million for the year, alongside higher reported net income. The share price of Oil-Dri Corporation of America sits at US$85.98, with a 1-day share price return of 1.91% after the earnings release. However, the 90-day share price return is down 17.65%, even as the year-to-date share price return is up 77.46%. Recent debt agreement amendments that expand borrowing capacity and the latest dividend declaration contribute to a picture of a business using stronger financial flexibility. Long-term total shareholder returns of 34.18% over 1 year and 216.44% over 3 years indicate that longer horizon investors have experienced very strong compounding despite the recent pullback. Capitalize on the momentum around Oil-Dri Corporation of America by scanning a curated 20 high quality undiscovered gems that share resilient balance sheets and under-the-radar earnings stories. The sharp year-to-date climb in Oil-Dri Corporation of America, alongside a weaker 90 day stretch, can either echo fundamentals or reflect sentiment. To gauge which story you are really buying, the valuation needs a closer look. Oil-Dri Corporation of America trades on a P/E of 22.8x, which places the current $85.98 share price at a richer level than both peers and the wider household products group according to Simply Wall St data. The P/E ratio compares the share price to earnings per share and gives you a quick sense of how much investors are paying for each dollar of profit. For a business like Oil-Dri Corporation of America, which already reports high quality earnings and an 11% net profit margin, a higher P/E often signals that the market is willing to pay up for that profit profile. Against direct peers on this preferred multiple, ODC is described as expensive, with its 22.8x P/E above the 21.5x peer average. The gap is even stronger against the Global Household Products industry average of 16.8x, which implies investors in Oil-Dri Corporation of America are accepting a meaningfully higher price tag for each unit of earnings than the broader sector. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-Earnings of 22.8x (OVERVALUED) Still, that richer P/E for Oil-Dri Corporation of America could be pressured if sector peers reset pricing, or if earnings momentum cools after this strong share price run. Find out about the key risks to this Oil-Dri Corporation of America narrative. The P/E suggests Oil-Dri Corporation of America looks pricey, yet the SWS DCF model tells a slightly softer story. On that framework, ODC at $85.98 trades just above an estimated future cash flow value of $83.43, which points to a small premium rather than a glaring mismatch. So you have one lens calling the stock expensive against peers, and another saying the price is only a touch above the modelled cash flows. That gap raises a simple question: is the market paying extra for quality, or stretching beyond what the cash generation currently supports? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Oil-Dri Corporation of America for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 28 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. So after all this, do you see Oil-Dri Corporation of America as richly priced quality or stretched optimism that could reset fast? Act quickly by weighing the upside for yourself in the 1 key reward. If Oil-Dri Corporation of America has you rethinking valuation and quality, do not stop here. Use the broader toolset to pressure test your next move. - Target potential future upside by scanning companies that combine quality fundamentals with discounted valuations through the 28 high quality undervalued stocks. - Build a steadier income stream by reviewing higher yield opportunities in the 8 dividend fortresses. - Tighten your risk profile by focusing on financially resilient businesses in the 31 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ODC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Oil-Dri Corporation of America has been on a powerful multi year run, so the question now is whether its current share price lines up with the cash the business is expected to generate. After such a strong stretch, investors are increasingly asking how much of that story is already reflected in the valuation. - Oil-Dri Corporation of America has returned about 443.3% over 5 years, which puts meaningful pressure on the question of how its cash flows stack up against the price today. - Management recently reported record annual sales of US$493.8m and net income of US$57m, numbers that may support expectations for stronger and more durable cash generation. - If you'd rather focus on earnings, this one's for you. See why Oil-Dri Corporation of America's 22.8x P/E tells a different valuation story. The issue now is whether Oil-Dri Corporation of America's recent share price around US$85.98 is adequately supported by the cash flows implied by its intrinsic value estimate. If you are weighing Oil-Dri Corporation of America against other cash flow focused opportunities, it can help to compare it with 28 high quality undervalued stocks. The Discounted Cash Flow (DCF) model here uses Oil-Dri Corporation of America's future cash generation to anchor the valuation. Latest twelve month free cash flow sits at about $45.7m, with the 2 Stage Free Cash Flow to Equity approach assuming that these cash flows grow gradually rather than swinging sharply higher or lower. Projected free cash flow for the coming decade is modeled to rise at low single digit rates, which points to a profile closer to a steady cash generator than a high growth story. With the current share price at $85.98, the DCF output suggests the estimated intrinsic value is broadly in line with where the market is already trading. Because management recently reported record fiscal 2026 sales of $493.8m and net income of $57m, the alignment between price and cash flow based value indicates investors are already giving Oil-Dri Corporation of America meaningful credit for that stronger performance. Find out what Oil-Dri Corporation of America could be worth using our Discounted Cash Flow (DCF) estimate. Narratives for Oil-Dri Corporation of America pick up directly from that valuation puzzle and spell out which combinations of future growth, margins and earnings would need to hold for the shares to trade meaningfully above or below today's price. All of these are hosted on Simply Wall St's Community page. Each one treats fair value as a thesis about the business that can be tracked over time, rather than a single frozen snapshot of the numbers. A clear, written Narrative on Oil-Dri Corporation of America gives you a concrete set of assumptions to test against the recent records in sales, earnings and cash generation that management reported. As new results come through, that number driven view becomes a simple way to check whether the business performance is tracking ahead of, in line with, or behind the expectations currently supporting the share price. Share your own Narrative for Oil-Dri Corporation of America and set out the assumptions behind your valuation. Before you stop at the cash flow math, it is worth asking who is steering Oil-Dri Corporation of America and how their pay packets line up with your interests as a shareholder. See who runs Oil-Dri Corporation of America and how they are paid. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ODC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. - Net Sales: Record full-year sales; record fourth quarter revenue. - Business-to-Business Sales: Rose 4% to a record $50 million in Q4. - Retail and Wholesale Sales: Increased 3% to $79 million in Q4. - Gross Margin: Remained steady at 27.8% in Q4. - Domestic Cost of Goods Sold (per ton): Up 3% year over year in Q4, driven by higher freight and transportation expenses. - Retail and Wholesale Segment Operating Income: Declined 5% in Q4 despite higher sales. - Depreciation and Amortization: Up 6% in Q4. - Operating Income: Increased 17% year over year in Q4. - Cash and Cash Equivalents: Reached a historic high of $74 million at year-end, up 45% from $51 million a year ago. - Operating Cash Flow: $80 million generated. - EBITDA: $93 million. - Capital Expenditures: $34 million invested in fiscal 2026. - Dividends: Increased twice during fiscal 2026; over $10 million paid out to shareholders. - Revolving Credit Facility: Borrowing capacity increased 33% to $100 million; accordion feature increased 150% to $125 million. - Fixed Rate Shelf Facility: Borrowing capacity increased 100% to $150 million. - Total Borrowing Capacity: Increased from $200 million to $375 million across the two facilities. - Warning! GuruFocus has detected 2 Warning Sign with ODC. - Is ODC fairly valued? Test your thesis with our free DCF calculator. Release Date: October 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. - Oil-Dri Corp of America (NYSE:ODC) delivered record annual financial results, including all-time high fourth quarter sales and historic cash generation. - Cash and cash equivalents reached a historic high of $74 million, up 45% year-over-year, with operating cash flow of $80 million and EBITDA of $93 million. - The company increased its borrowing capacity from $200 million to $375 million, enhancing financial flexibility for growth initiatives. - Amlan's animal health business showed exceptional growth in Q4, driven by recovery in Brazil, strong Asia growth, and new product launches in North America. - The agricultural business delivered year-over-year sales growth in each quarter of fiscal 2026, supported by high plantings and partnerships with industry leaders. - Gross margin remained under pressure at 27.8% due to higher freight and transportation costs, geopolitical impacts on diesel prices, and reduced trucking capacity. - Retail and Wholesale Products Group experienced a 5% decline in segment operating income despite higher sales, due to significantly higher transportation costs. - Fluids purification sales declined 5% for the full year, reflecting a difficult comparison with fiscal 2025 and volatility in renewable diesel demand. - Branded cat litter distribution faces challenges including increasing slotting costs, customer investment requirements, retail consolidation, and elevated promotional spending. - Depreciation and amortization increased 6% in the quarter due to ongoing strategic investments, which will continue to pressure gross margins. Q: Tyler Ventura from Diamond Hill Capital (Trades, Portfolio) asked about co-packaged cat litter growing 47% for the year and 60% in Q4, which was identified as the single biggest growth driver in the category. He asked about capacity and customer concentration dynamics, the gross margin profile of co-packaged relative to the domestic branded business, and whether the expansion of the lightweight offering is a multi-year ramp-up or approaching maturity. He also asked whether co-package success is partially cannibalizing branded distribution.A: Chris Lamson, VP of Business and Strategic Growth Initiatives, explained that the company is contractually obligated not to disclose much about co-man customer relationships. However, he emphasized that Oil-Dri has been consistently focused on growing the lightweight segment for seven to eight years and believes lightweight segment growth is good for Oil-Dri overall. He noted that analytical tools show there is not much, if any, real interaction between co-man businesses and branded distribution. Regarding capacity and capital, he said it was a mixed bag the company leveraged existing capacity in many key areas, with additional capital investment only where customers required specific product needs or to address bottlenecks. Longer-term agreements help the company feel confident about the capital invested. Q: Ethan Starr and Robert Smith asked about Amlan's exceptional Q4 performance. They asked whether there was a seasonal factor, what the prospects are for achieving a $40 million run rate in the current year, and whether Amlan can maintain or increase its record Q4 sales going forward.A: Wade Robey, VP of Marketing and Product Development, explained that Q4 was exceptional due to a rebound from earlier challenges, including the loss of a key account in Brazil and tariff impacts. He expressed strong bullishness on future growth, citing consistent strong growth in Asia, recovery and additional growth in Brazil including new customers and expanded distributor networks in Mato Grosso, Mato Grosso do Sul, Bahia, and Rio Grande do Sul. He also highlighted MAPA regulatory changes in Brazil that improve product registration and new bans on key antibiotics like avoparcin, bacitracin, and virginiamycin, which will drive demand for natural alternatives like Amlan's portfolio. Additionally, the company is moving into the ruminant market in Brazil and launching new products in North America similar to Varium, already being used by top 10 poultry customers. He noted the Q4 rate is probably not maintainable but expects very good year-over-year growth. Q: Jan Verbrugge from Value Square Funds asked about the expanded revolver and removal of the $100 million acquisition cap how should investors think about the size and focus of acquisitions, and what leverage would the company be comfortable with? He also asked whether CapEx should be expected to increase above the $35 million per year of the last couple of years.A: Chris Lamson, VP of Business and Strategic Growth Initiatives, said the company remains mission-led around creating value with sorbent minerals and has key strategic filters before engaging in M&A. He emphasized the company is incredibly disciplined and value-driven, and will remove itself from deals where it cannot drive value. He expressed gratitude for the additional dry powder from Susan's team and noted the company will be prudent with leverage given its 85-year history. Susan Kreh, CFO, added that reinvesting in the team and business is lower risk because the company knows how to run it well. She is pushing the operations team to think bigger and look for more opportunities that create long-term shareholder value, so it is possible to see bigger reinvestment at levels higher than in the past. Q: Robert Smith and John Bair asked about fluids purification, which declined 5% for the full year but delivered its strongest quarterly performance in Q4. They asked what drove the improvement in Q4 compared to the rest of fiscal 2026.A: Dan Jaffee, Chairman, President, and CEO, explained that the 5% year-over-year decline largely reflects a difficult comparison with fiscal 2025 when renewable diesel sales were increasing significantly as several new production facilities came online. Throughout fiscal 2026, demand from both edible oil and renewable diesel customers remained solid, though volumes varied as changes in oil type and feedstock quality impacted customer needs. He emphasized that the decline did not reflect customer losses it was just variation in demand. The positive Q4 was driven by positive variation in demand. He noted that early-stage markets have more volatility, but the company is hanging on to its customers and will ride the ups and downs as customers figure out their supply and demand equation. Q: Ethan Starr asked about the challenges and opportunities in growing branded cat litter distribution and sales.A: Laura Scheland, VP of Strategic Partnerships, General Counsel, and Secretary, outlined challenges including increasing slotting costs, customer investment requirements, and other spend requirements rising faster than pricing and inflation, along with retail consolidation in brick-and-mortar and elevated spending from large brands and new entrants. On opportunities, she noted the brand remains number four nationally in units and the company is dedicated to growing with innovation and distribution. During FY26, the company launched new items and continues to focus on doing so. E-commerce is a key opportunity with growing product offerings across retailers and strong consumer adoption. Promotional spending, while elevated in FY26, is showing indications of subsiding. She highlighted the company's diversification with strong offerings in both branded and private label across non-clumping, clumping, and crystal segments as a key differentiator, enabling truck optimization and filling a large range of customer litter needs. Q: The ag business has delivered year-over-year sales growth in each quarter of fiscal year 2026. What is structurally driving this growth?A: Wade Robey, VP of Marketing and Product Development, explained that the two primary channels are turf and ornamental (engineered granules for higher-use specialty applications) and standard carrier products for broad acre or row crop agricultural applications. Both have seen good growth. He attributed success to aligning with leaders in those segments, working with some of the largest producers whose growth has driven Oil-Dri's business. Macro events underpinning this include very large plantings over 95 million acres of corn and about 85 million acres of soy planted in the U.S. this past season, which drives more tonnage of products needing clay as a functional carrier. He noted the company has a strong competitive position, partners with leaders in various sectors, and has benefited from general growth in ag and plantings year-over-year. Q: Susan Kreh, CFO, was asked to walk through the financial results for Q4 and fiscal year 2026.A: Susan Kreh, CFO, reported that fiscal 2026 delivered record full-year sales and net income, with record fourth quarter revenue. Q4 growth was broad-based: business-to-business sales rose 4% to a record $50 For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Friday, Oct. 9, 2026 - Chairman, President and Chief Executive Officer - Daniel S. Jaffee - Chief Financial Officer and Chief Information Officer - Susan Marie Kreh - Vice President of Operations - Aaron V. Christiansen - Group Vice President of Business to Business and Strategic Growth Initiatives - Christopher Lamson - Vice President of Agriculture and President of Amlan International - W. Wade Robey - Vice President and General Manager of Consumer Products Division - Laura Guest Scheland - Vice President Corporate Controller - Jonathan Blake - Vice President General Counsel and Secretary - Anthony W. Parker Operator: Good day, and thank you for standing by. Welcome to the Oil Dri Corporation of America Fourth Quarter Fiscal Year 26 Earnings Discussion. At this time, participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Daniel S. Jaffee, Chairman, President and CEO. Please go ahead. Daniel S. Jaffee: Thank you, and welcome, everybody, to the fourth quarter and fiscal year end 26 teleconference. Before we get started, Leslie, will you walk us through the safe harbor and also let everyone know who is on the call so they can ask questions? Leslie A. Garber: Yeah. Sure. Thank you, Daniel. Welcome, everyone. Today on the call, we have Susan Marie Kreh, chief financial officer and chief information officer. Aaron V. Christiansen, our VP of operations Christopher Lamson, group vice president of business to business and strategic growth initiatives. W. Wade Robey, VP of agriculture and president of Amlan International; Laura Guest Scheland, vice president and general manager of consumer products division Jonathan Blake, VP corporate controller; Anthony W. Parker, VP general counsel and secretary. Unfortunately, not in attendance today is Bruce Patsey, vice president of fluid purification, but Daniel S. Jaffee, our CEO, will be able to answer those questions. Right now, I will read the safe harbor. On today's call, comments may contain forward looking statements regarding the company's performance in future periods. Actual results and those periods may materially differ. In our press release and in our SEC filings, we highlight a number of important risk factors, trends and uncertainties that may affect our future performance. We ask that you review and consider those in evaluating the company's comments and in evaluating any investment in Oil-Dri stock. You again for joining us. Daniel, I will turn it back over to you. Daniel S. Jaffee: Great. Thank you, Leslie. And before I turn it over to Susan, I would like to make some general comments. My grandpa Nick used to always say, do not debate. Demonstrate. And I was wondering how did he get this industry started? And my sister Aaron's been digging through our archives. And if you do not follow me on LinkedIn, I hope you will go look at it because we found some ads that he ran on the front page of newspapers that communicated the benefits of using Oil-Dri versus sawdust, which was very flammable, very strong compelling advantage. So it is interesting. That started that. And then Bud Selig, who is been on our board since 2 thousand. His father, Ben, used to always say, nothing is good or bad except by comparison. And if you look at our year, many of the indices are extremely positive. But you could. If you wanted to, you could look at some of the comparison numbers and say, Well, that was sort of flat or that was slightly down. But any kind of perspective of 3, 4, 5 years, and you see how great this team is performing and how well we are doing, And then finally, my dad always said earnings are an opinion, cash is a fact, and Susan will highlight this. But our cash generation is been fantastic, and that is really what fuels the growth and the health of the business. And so we have never been more happy or positive with how the company is doing. And I would say the final thing is, we did give some forward guidance back in the first quarter and second quarter. We said the first part of fiscal 2026 was going to be a tough comparison. But that we fully expected to equal or more than make up the distance in the back half. And you see the really great fourth quarter we had which allowed us to do just that, pull ahead in many key indices sales, net income, things like that, EBITDA, all were up for the fiscal year. So very proud of what the team has delivered, and thank you for your questions. We will spend most of the time answering them. But before we do, I would love to turn it over to Susan so she can walk you through the results. Susan Marie Kreh: Thank you, Daniel. And cash is a fact, and we will get into that in a minute. So it is a pleasure to be here with all of you this morning, especially coming off the headline we released that states Oil Dri delivers record annual financial results, including all time high fourth quarter sales and historic cash generation. Leslie A. Garber did a really nice job in the press release of highlighting the drivers of our performance. So, therefore, like Daniel said, I will keep my comments brief to allow for more time for your questions. in the Q&A session. That being said, I would like to highlight that our continued strong performance has resulted in a very strong financial position. From which we are well positioned to grow. And keywords there being strong performance and strong financial position. So from a performance perspective, fiscal 26 demonstrated the strength of Oil Dri's diversified product portfolio and efficient operating model, we will talk about cost reductions in a minute. As we stated at the onset of the fiscal year, and as Daniel just reiterated in his opening comments, we knew the first half was going to be a challenge on a year over year comparative basis. We noted that although the first half, we faced a very tough comparison, We expected to achieve meaningful growth during the second half of the year, as we gained incremental business and launched new products. The focus team here at Oil Dri delivered on that forecast achieving record full year sales and net income and closing the year with a record fourth quarter revenue. And that fourth quarter growth was broad based across both product groups with business to business sales rising 4% to a record $50 million and retail and wholesale increasing 3% to $79 million Improved product mix was the primary driver of the growth in the fourth quarter revenue supported by strong growth in animal health sales, agricultural product sales, and copackaged cat litter sales. As we had anticipated. And while net sales grew nicely in the fourth quarter compared to the prior year, gross profit as a percent of sales or gross margin was under pressure and remained steady at 27.8%. During the quarter, our gross per ton domestic cost of goods sold increased 3% over the same quarter in the prior year, primarily due to higher freight and transportation expenses, which were pressured by geopolitical impacts on diesel prices as well as reduced capacity in the trucking industry. This pressure was especially impactful in the retail and wholesale products group which experienced significantly higher costs to transport cat litter products contributing to a 5% decline in segment operating income despite the higher sales. Depreciation and amortization, a noncash component of our expenses, was also up 6% in the quarter due to the ongoing strategic investments we are making in our business. These increases were offset by the favorable mix and targeted price increases some of which will get implemented on a lagged basis with some of our customers. In addition, cost reduction and expense management initiatives were key to holding the margin steady at 27.8%. And while gross margins did remain steady, fourth quarter operating income increased by 17% over the same quarter in the prior year, demonstrating the resilience of the portfolio and our ability to manage through a challenging cost environment. Now switching gears from strong performance, to strong financial position, and let's discuss cash and financial flexibility. The substantial cash generated as a result of the strong performance we just discussed enables us to continue to invest in the business and return capital to our shareholders. Cash and cash equivalents reached an historic high of $74 million at year end up from $51 million a year ago marking a significant 45% increase. We generated operating cash flow of $80 million and EBITDA or earnings before interest, taxes, depreciation, and amortization of $93 million, underscoring the growth and the cash generating power of our portfolio And back to Daniel's opening comments, cash is a fact. EBITDA is a notable metric for us as we have made the strategic decision to reinvest significantly in our business particularly in funding infrastructure and growth opportunities in our manufacturing facilities as well as funding the building of enterprise wide capabilities such as data analytics, and business intelligence. While those investments are funded in cash, as they are put into service, the noncash depreciation expense that they generate puts pressure on our gross margins and will continue to do so as we have been investing steadily at this rate for about 4 years now. As a result of that impact on our margins, we do monitor EBITDA very closely. To track the underlying performance of the business. Our cash position together with our ability to access debt provides strong liquidity and gives us flexibility to fund strategic priorities, manage through volatility, and pursue attractive growth opportunities while maintaining a very disciplined balance sheet. And speaking of our ability to access debt capital markets, I would like to highlight some very recent enhancements to our financial flexibility. We have worked with 2 of our key financial partners to add more dry powder to our financing arsenal. We have extended our variable rate revolving credit facility and increased our borrowing capacity by 33% up to $100 million. In addition, that facility contains an accordion feature which we have increased by 150% up to $125 million. At the same time, we extended our fixed rate shelf facility and increased our borrowing capacity by 100% up to $150 million. So in total, we have increased our ability to borrow under these 2 facilities from $200 million to $375 million which is reflective of continued strengthening of our financial position. Both of these were executed with favorable terms compared to our existing facilities. And both of these financing partners have been supporting Oil-Dri literally for decades. Those relationships are another key aspect of supporting our financial flexibility and our ability to fund growth. And as our financial position continues to strengthen, our capital priorities remain unchanged from what we have told you. First, we will continue to invest in our business, including the manufacturing and capabilities investments mentioned above, as well as investments in people and research and development to support our future growth. During fiscal 26, we invested $34 million in capital expenditures to support infrastructure capabilities and long term growth. Second, we will continue to support our dividend. During fiscal 26, we increased our dividend not once, but twice and paid out over $10 million to our shareholders. Third, we will evaluate opportunities to achieve long term profitable growth through the pursuit of strategic acquisitions. The combination of our cash position our strong operating cash flow and our manageable debt profile, including our enhanced access to capital markets funding, provide meaningful financial flexibility to evaluate and pursue acquisition opportunities. And as we evaluate acquisition opportunities, we will remain focused on our mission to create value from sorbent minerals seeking businesses and capabilities that reinforce and extend that core purpose and offer a clear path to long term value creation. And finally, we opportunistically evaluate potential value creation through share repurchases. And when it makes sense and generates long term value, we will pursue that. And with that, Daniel, I will turn it back over to you and Leslie for the question and answer session. I am sure there will be a few. Daniel S. Jaffee: Yep. Well, thank you, Susan, and, thank you for that recap. Leslie A. Garber: And, Leslie, will you highlight which questions we are answering first? Yes. And as a reminder, for those who are interested in asking questions, please submit your question using the Ask a Question field on the webcast and click Submit. The first question we have comes from both Ethan Starr and Robert Smith. They have very similar questions. Was there a seasonal factor in Amlan's last quarter good numbers. What are the prospects for the run rate of $40 million being achieved in current year? And what are the prospects for maintaining or increasing Amlan's record Q4 sales going forward? Daniel S. Jaffee: Wade, can you handle that? W. Wade Robey: Yes. Absolutely, Leslie. And thank you, Robert, and Ethan both for that. Those questions. We actually as you see, had an exceptional quarter for Amlan in Q4 of the past year. And it was driven by a couple of things which, truly made it extraordinary. You may recall earlier in the year in previous webcasts, we talked about the loss of a key account in Brazil and we also spoke to, the impact that the tariff situation globally was having on our business and the impact specifically in a couple of key geographies like Brazil. Those things combined early in the year to lower our sales to those regions, and then we worked very hard over the course of the year to overcome that. You saw that in solid growth in Q3 and then now the exceptional growth we have seen in Q4. So, obviously, logically, there was some rebound effect in the performance we saw over the course of the year. That being said, we are very bullish on the growth going forward for a couple of reasons. 1, we saw very strong growth consistently in Asia through the course of the year. In Latin America, we have seen not only recovery to a certain degree of that key account that we lost, but also additional growth in our business in Brazil to certain co ops, gaining new customers and also new volume at existing customers. In addition, the regulatory agency in Brazil, MAPA, has made a number of changes, which is improving our ability to register our products and make additional claims. They have also, as many of you may have seen, have come out with new bans on certain antibiotics that are key and instrumental in the animal industry, including antibiotics like evaparcin, certain forms of bacitracin, and virginomycin, which are all key antibiotics used in subtherapeutic application in animal feeds. As those products are removed in Brazil, that is going to drive alternatives and especially natural alternatives like we offer in our Amlan portfolio. Finally, in Brazil, I would note that we are expanding our sales with new distributors into the Middle and Northern States, including Margroso, Margroso de Sol up into Bahia, and then also in the Southern states down in Rio Grande do Sul. And that is expanding our business and building our base. Finally, we are moving more aggressively into the ruminant market in Brazil. You may have heard me say earlier, we sell a lot of our products into the dairy industry today, which is a form of ruminant, obviously. In Brazil, the focus has been on feedlot for beef cattle. We have completed significant research there over the course of this year. And are seeing an opportunity for a lot of growth there. Finally, Robert and Ethan, we are also launching new products in North America over the last few months. Those are starting to be utilized by some of the largest of the top-10 poultry customers in the integrated poultry industry in North America. We are excited about that. that is a product very similar to Varian that we sell in Latin America where we have tremendous customer success. And it also is a very strong component product in our portfolio in addition to our base clays. So for all of those reasons, we are very bullish on the growth going forward. The fourth quarter was again exceptional. that is a rate we probably cannot maintain. But we should see very good growth year over year as we continue to expand our Amlan business. Leslie A. Garber: Great. Thank you so much. We had a couple of similar questions come in regarding Fluids Pure some from Robert Smith and John Bair. So I am going to summarize and ask the question, and Daniel S. Jaffee will answer this. 5% for the full year, but delivered their strongest quarterly performance in the fourth quarter What drove the improvement in Q4 compared to the rest of fiscal year 2020? Daniel? Daniel S. Jaffee: Yep. Happy to answer the question. Bruce Patsey did supply me with a lot of the details, so, I am fairly confident I am on target here. it is important to note that the 5% year-over-year decline largely reflects a difficult comparison with fiscal 2025, when renewable diesel sales were increasing significantly as several new production facilities came online. Throughout fiscal 26, demand from both edible oil and renewable diesel customers remained solid. Although volumes varied as changes in oil type and feedstock quality impacted customers' needs. I think it is important to note that the decline in sales did not reflect customer losses. It was just variation in demand. Which is what drove the positive fourth quarter, was a positive variation in demand. We are very happy that we are hanging on to our customer base. I think anytime a market is in its earliest stages, you are going to have more volatility than when the product line mature. So, you know, hang in there, but we are we are hanging on to our customers and we will ride the ups and have to deal with the downs as they figure out their supply and demand equation. Leslie A. Garber: Thanks, Daniel. The next question comes from Tyler Ventura from Diamond Hill Capital. He asks, co-packaged cat litter grew 47% this year and 60% in Q4, which you have identified as your single biggest growth driver in the category. Walk us through the capacity and customer concentration dynamics. Specifically, how many customers drive this 47% growth? what is the gross margin profile of co package relative to your domestic branded business? And is the expansion of your lightweight offering with this partner a multiyear ramp up or approaching maturity? The reason I ask is because your domestic clay litter sales are actually declining despite Cat's Pride antibacterial posting 7 straight quarters of growth, which makes me wonder if co package success is partially cannibalizing your own branded distribution or if that is a separate dynamic tied to competitive promotional intensity. A lot in there. Christopher Lamson, if you could address that, that would be great. Christopher Lamson: Sure. Thanks, Leslie, and thanks, Tyler, for the question. Tyler, we are obligated under our contracts with, our co-man customers. To not disclose, you know, a ton about the nature of those relationships. But with that being said, what I can share, we are obviously extremely pleased with the new business within lightweight. And the growth that you reflected in the question. We are also. And, you know, if you go back really through, investor calls like this 1 and our annual shareholder meeting. We have been extremely consistent, be it me or Laura, over the last, you know, 7 or 8 years. Around how focused we are on growing the lightweight segment and we believe, lightweight segment growth is good for Oil-Dri period. With that being said, more tactically, I would say we have you know, very good analytical tools that would tell us that you know, particularly with the folks we are supporting, with co-man relationships, There is not much if any, real interaction, with those businesses. But, again, we like the large brands driving lightweight and having great lightweight product. And we believe that is good for the overall development of the lightweight category and for both our private label and branded business in litter. Regarding capacity and capital specifically, I would say it is a bit of a mixed bag. We were able to leverage existing capacity in many key areas within the supply chain, and where either the customer required, specific product needs that in. That called on additional capital investment. Or pockets of further capital need, maybe to address a bottleneck or 2. Really, the nature of our longer term agreements in this area really help us feel very good about capital that we did put in, to support this ongoing relationship. So thank you again for the question, and, we are we are excited to have this business and to continue to grow with our customers in Lightweight. Leslie A. Garber: Thank you. The next question is from Ethan Starr. Could you please discuss the challenges and opportunities you see in growing your branded cat litter distribution and sales? Will you take that? Laura Guest Scheland: Sure. Good morning, and thanks for the question. We will take the question in 2 parts. First, with respect to the challenges some of the challenges we have seen in the past year for our branded cat litter distribution, are increasing slotting costs, customer investment requirements, and other spend requirements that are rising faster than the price in than our pricing and inflation, but continue to try to stay in front of. Along with retail consolidation in the brick and mortar channel. In addition, we continue to see some historically elevated spending from large brands and competition from a number of smaller brands and new entrants. However, turning to opportunities, all in, we remain very excited about the great opportunities for our brand. We remain the number 4 brand nationally in units. And are dedicated to growing with innovation, and the distribution and focus. During fiscal 2026, we are excited to launch a number of new items, and we continue to focus to do so in the coming years. Another area of opportunity that we remain excited about is e-commerce. In the past year, we have grown our product offering across different, retailers, and are seeing great growth and adoption from consumers. And then on the promotional spending level, while f 2026 was a time of heightened spend, and we continue to see promotions be elevated. We are seeing indications that spending is starting to subside. and staying at a historically high level. So we remain diligent in managing our promotional spend and the way to optimize our return on spend, but also our consumer value on an everyday basis. To be kind of the best choice for our consumers. And then finally, I know the question was with respect to branded items. But a key point of differentiation for us among our branded competitors and our private label competitors. Is that our diversification with strong offerings in both branded and private label channels across the non clumping, clumping, and crystal segments. With this diversification of offerings, we are able to fill trucks to customers and optimize logistics and inventory carrying costs for our customers. And fill a large range of their litter needs. And we will continue to focus to grow both our branded and private label distribution with our strategic customers. So all in, balancing out the challenges and opportunities, we remain very excited about future for both our branded private label products and remain committed to growing across both e-commerce and brick and mortar channel. Leslie A. Garber: Thanks, Laura. We have another question for Wade, this time on the ag side of the business. The question is, the ag business has delivered year-over-year sales growth in each quarter of fiscal year 2026. What is structurally driving this growth? Wait. W. Wade Robey: Yeah. Thank you for that question, Leslie. There are a number of things that really drive the growth in the types of businesses that we target with this division. Just to remind the audience, our 2 primary channels that we go to are markets are really 1 on the what I will call, the turf and ornamental side, which is more of engineered granules to higher use applications for specialty products. And then more, our standard carrier products, are targeted for what I will call broad acre or row crop agricultural applications. And in both cases, we have seen good growth in that business. We have been, I think, very fortunate and hopefully strategically smart in we have aligned with certain leaders in those segments. Working with some of the largest producers, which as they grow has allowed our business to grow as well. Kind of some of the macro events underpinning that we have had really large plantings. If you look at the more of the broad acre or row crop side of our business where again customers might lend on a herbicide or a pesticide or even a bio-ag or other bioactive product onto our clay to put on, let's say, row crops. That. Those plantings have been very high over the course of the last 12, 18 months. We saw over 95 million acres of corn planted in The US this past season. About 85 million of soy. So very, very high in the range of what we typically plant That then drives naturally more tonnage of those products that need our clay as a as a functional carrier into that into that solution. So all those things have kind of come together to help us grow our business. Again, we have a strong competitive position We are partnering with some of the leaders in those various sectors. And then we have seen just general growth in ag and in the plantings that year over year have helped drive the business. So all those things have come together to help our business grow. Leslie A. Garber: Thanks, Wade. The next question comes from Jan Verbraecken from Value Square Funds. He asks, with the expanded revolver and the removal of the $100 million acquisition cap, how should we think about the size and focus of acquisitions you are considering, and what leverage would you be-commercefortable with? Also, if the number 1 capital allocation will be organic investment, should we expect CapEx to increase above the plus/minus $35 million per year of the last couple of years. Any guidance on balance sheet and the usage of a bit of financial leverage would be helpful leverage would be helpful. Christopher, I am gonna have you answer that. And, Susan, feel free to chime in too. Christopher Lamson: Sure. I will really start out with the piece that is M&A oriented. And then if Susan would like to chime in on the ongoing capital spending, that is great. And really, Susan alluded to this piece too, I can tell you we are very disciplined around being mission led around value. Creating value with sorbent minerals. And then we have really got some key strategic filters that we then you know, run, ourselves through before we engage And then we are incredibly disciplined around remaining value driven and where we do not believe that we can drive value and return it to folks like you. You know, we will remove ourselves from deals. I would say, in thinking about M&A, we are certainly grateful to Susan's team, for the additional dry powder, maybe spelled d r I. Play on words, that they have provided us. And, obviously, the cash, that I think just came across in 1 of Tyler's questions, that the business is generating for us. We are gonna be prudent here. And I think there is 85 years of history that shows, we will be prudent relative to, you know, the leverage coming from the balance sheet. Susan Marie Kreh: And hi. This is Susan. I will just add 1 more thing on Yes, I think it is lower risk to reinvest in our team and in our business because we actually know how to run this company and the operating team runs it well. So I definitely am pushing Aaron and his team to look for more opportunities that create long term value for the shareholders and have the right returns and to think bigger than they have in the past. So it is possible you could see some bigger reinvestment in the business at levels higher than you have seen in the past. Leslie A. Garber: Great. Well, we are at time. Daniel, I do not know if you have any closing remarks. Daniel S. Jaffee: Closing remarks? Yeah. Thank you, everybody. And we will look forward to talking to you next quarter. This was a great quarter, and onward and upward from here. Operator: This concludes today's conference call. Thank you for participating. You may now disconnect. 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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool recommends Oil-Dri Of America. The Motley Fool has a disclosure policy. Oil-Dri (ODC) Q4 2026 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. - Record fiscal year and fourth quarter sales were driven by a diversified product portfolio, specifically strong growth in animal health, agricultural products, and co-packaged cat litter. - Management attributed the second-half recovery to the successful launch of new products and the acquisition of incremental business, offsetting a challenging year-over-year comparison in the first half. - Gross margins remained steady at 27.8% as favorable product mix and targeted price increases offset a 3% rise in domestic cost of goods sold. - Operational costs were pressured by higher freight and transportation expenses, specifically impacted by geopolitical effects on diesel prices and reduced trucking industry capacity. - The retail and wholesale segment saw a 5% decline in operating income due to the significant costs of transporting cat litter, despite achieving higher sales volumes. - Strategic investments in manufacturing infrastructure and enterprise capabilities like data analytics have increased depreciation expense, which management monitors via EBITDA to track underlying performance. - The company emphasizes a 'cash is fact' philosophy, ending the year with a record $74 million in cash, a 45% increase year-over-year, providing significant financial flexibility. - Management is bullish on Amlan's growth due to regulatory changes in Brazil banning certain antibiotics, which is expected to drive demand for natural alternatives. - The company has significantly expanded its borrowing capacity to $375 million to provide 'dry powder' for potential strategic acquisitions that align with their sorbent mineral core. - Future capital expenditures may exceed the historical $35 million annual level as management encourages teams to pursue larger-scale value-creation opportunities. - Growth in the agricultural segment is expected to continue by partnering with industry leaders and leveraging high planting volumes for corn and soy in the U.S. - The company plans to maintain a disciplined balance sheet while prioritizing organic reinvestment, dividend support, and opportunistic share repurchases. - Fluids purification sales declined 5% for the full year, which management clarified was due to a difficult comparison with fiscal 2025's renewable diesel boom rather than customer losses. - The branded cat litter segment faces headwinds from rising slotting costs and retail consolidation, though management sees signs that elevated promotional spending by competitors is beginning to subside. - Geopolitical impacts on energy prices remain a variable risk factor for domestic logistics and transportation costs. - The company successfully removed a $100 million acquisition cap, signaling a shift toward potentially larger M&A targets while maintaining a mission-led valuation filter. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. - Management noted that while the Q4 rate was exceptional due to a rebound effect in Brazil, they expect consistent year-over-year growth driven by expansion into the North American poultry market. - New product registrations and expanded distribution into Middle and Northern Brazilian states provide a structural foundation for continued volume increases. - The 60% growth in Q4 co-packaged litter is viewed as complementary; analytical tools suggest minimal cannibalization of Oil-Dri's own branded products. - Management believes driving the lightweight category through large partner brands benefits the overall category development for both private label and branded offerings. - The increase in borrowing capacity from $200 million to $375 million was executed with favorable terms to enhance financial flexibility for potential acquisitions. - Management emphasized they will remain 'incredibly disciplined' and value-driven, only pursuing deals that reinforce their core expertise in sorbent minerals. - Laura Guest Scheland highlighted that while slotting fees and competition are high, the company is seeing 'great growth and adoption' in the e-commerce channel. - The company's ability to ship mixed trucks of branded and private label products remains a key logistical advantage for retail partners.

- Interested in Oil-Dri Corporation Of America? Here are five stocks we like better. - Oil-Dri reported record fiscal 2026 sales and net income, with all-time-high fourth-quarter revenue. Business-to-business sales rose 4% to $50 million, while retail and wholesale sales increased 3% to $79 million. - Fourth-quarter gross margin held at 27.8% despite higher freight and transportation costs, while operating income grew 17%. Favorable product mix, price increases and cost controls helped offset inflationary pressures. - The company ended the year with $74 million in cash, generated $80 million in operating cash flow and expanded combined borrowing capacity to $375 million. Management plans to prioritize operational investment, dividends, strategic acquisitions and potential share repurchases. - Microcap Oil-Dri Corporation Is A Buy For Income Investors Oil-Dri Corporation Of America (NYSE:ODC) reported record fiscal 2026 sales and net income, capped by all-time-high fourth-quarter revenue, as growth in its business-to-business and retail operations helped offset higher transportation costs and pressure on gross margins. Chairman, President and CEO Dan Jaffee said the company had anticipated difficult year-over-year comparisons in the first half of fiscal 2026 but expected stronger results in the second half as it added business and introduced products. "You see the really great fourth quarter we had," Jaffee said, adding that sales, net income and EBITDA rose for the full year. → Morgan Stanley Is Bullish on Apple—But With a Catch - Pay Attention To Microcap Oil-Dri Corporation Chief Financial Officer and Chief Information Officer Susan Kreh said fourth-quarter growth was broad-based. Business-to-business sales rose 4% to a record $50 million, while retail and wholesale sales increased 3% to $79 million. The revenue gains were primarily driven by product mix, including animal health, agricultural products and co-packaged cat litter. Despite higher sales, Oil-Dri's fourth-quarter gross margin remained flat at 27.8%. Kreh said domestic cost of goods sold per ton increased 3% from the prior-year quarter, largely reflecting higher freight and transportation expenses. Diesel-price effects tied to geopolitical conditions and lower trucking-industry capacity contributed to the increase, she said. → The AI Boom's Next Big Winners May Wear Hard Hats - Can High Yield Oil-Dri Shake Off Its Inflation Woes? The transportation costs were particularly significant for the Retail and Wholesale Products Group, where higher cat litter freight costs contributed to a 5% decline in segment operating income despite sales growth. Depreciation and amortization also increased 6% during the quarter as the company continued to invest in its operations and enterprise capabilities. Kreh said favorable product mix, targeted price increases and cost-reduction and expense-management efforts helped offset those pressures. Some price increases are expected to be implemented on a lagged basis for certain customers. Fourth-quarter operating income increased 17% from the prior-year period. → Disney Is Opening the Door to Netflix—and Changing the Streaming Playbook Oil-Dri ended the fiscal year with $74 million in cash and cash equivalents, a 45% increase from $51 million a year earlier. The company generated $80 million of operating cash flow and reported EBITDA of $93 million. Kreh said the company has been investing in manufacturing infrastructure, data analytics and business intelligence capabilities. Fiscal 2026 capital expenditures totaled $34 million. While those investments are paid for in cash, the resulting depreciation expense creates pressure on reported gross margins, she said. The company also expanded its financing capacity. It extended its variable-rate revolving credit facility and increased available borrowing capacity by 33% to $100 million. The facility's accordion feature was increased 150% to $125 million. Oil-Dri separately extended its fixed-rate shelf facility and doubled borrowing capacity there to $150 million. Combined borrowing capacity under the two facilities increased from $200 million to $375 million. Kreh said the company intends to continue prioritizing investment in operations, dividends, strategic acquisitions and, when appropriate, share repurchases. Oil-Dri increased its dividend twice during fiscal 2026 and paid more than $10 million to shareholders. Wade Robey, vice president of agriculture and president of Amlan International, said Amlan's strong fourth-quarter performance reflected a recovery from challenges earlier in the year, including the loss of a key Brazilian account and tariff-related impacts in global markets. Robey said the business experienced consistent growth in Asia and recovered some sales in Latin America while adding customers and volumes in Brazil. He also cited regulatory developments in Brazil, where the MAPA agency has made changes that improve product-registration and claims capabilities, as well as bans on certain antibiotics used in animal feed. Those antibiotic restrictions could increase demand for alternatives, including natural products in Amlan's portfolio, Robey said. The company is also expanding distribution in Brazil, pursuing the ruminant market there and launching new products in North America that are being used by some large poultry customers. While Robey said the exceptional fourth-quarter growth rate may not be sustainable, he said the company expects "very good growth year-over-year" as Amlan expands. Chris Lamson, group vice president of business-to-business and strategic growth initiatives, said Oil-Dri remains focused on growing lightweight cat litter through co-manufacturing relationships. He declined to provide detailed customer or margin information because of contractual obligations, but said the company's analysis indicates there is little, if any, interaction between the co-manufacturing business and its branded litter sales. Lamson said Oil-Dri used existing capacity in several parts of the supply chain and made targeted capital investments where customer specifications or bottlenecks required them. Longer-term agreements with customers support the company's confidence in those investments, he said. Laura Scheland, vice president and general manager of the Consumer Products Division, said branded cat litter faces rising slotting costs, customer investment requirements, retail consolidation and elevated promotional activity from larger brands, smaller competitors and new entrants. Still, she said Oil-Dri remains the fourth-largest cat litter brand nationally by units and sees opportunities in innovation, e-commerce and its mix of branded and private-label products. In fluids purification, Jaffee said full-year sales declined 5% largely because fiscal 2025 benefited from rising renewable diesel sales as new production facilities came online. He said the fiscal 2026 decline did not result from customer losses; instead, volumes varied based on oil types and feedstock quality. Demand from edible-oil and renewable-diesel customers remained solid, according to Jaffee. On acquisitions, Lamson said the company will remain disciplined and focused on businesses or capabilities that create value from sorbent minerals. Kreh added that Oil-Dri may pursue larger internal investment opportunities if they offer appropriate long-term shareholder returns. Oil-Dri Corporation of America develops, manufactures and markets mineral-based products designed to absorb, filter and control liquids and odors. The company serves consumer, industrial, agricultural and specialty markets, using products such as fuller's earth and other absorbent minerals in a range of applications. Its consumer products include cat litter and related animal-care products sold under brands such as Cat's Pride and Jonny Cat. Oil-Dri also supplies absorbent products for industrial and commercial uses, including spill cleanup, oil and grease absorption, moisture control, filtration, sports-field maintenance and other specialized applications. Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "What Oil-Dri Corporation Of America (ODC) Said on Its Q4 Earnings Call" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

CHICAGO, Oct. 08, 2026 (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 2026. | Fourth Quarter | Year to Date (in thousands, except per share amounts) | Ended July 31, | Ended July 31, | | 2026 | | 2025 | Change | | 2026 | | 2025 | Change Consolidated Results | | | | | | Net Sales | $ | 129,292 | $ | 125,212 | 3 | % | $ | 493,844 | $ | 485,572 | 2 | % Income from Operations * | $ | 18,242 | $ | 15,644 | 17 | % | $ | 67,982 | $ | 68,220 | — | % Net Income | $ | 14,418 | $ | 13,055 | 10 | % | $ | 56,969 | $ | 53,996 | 6 | % EBITDA † | $ | 24,120 | $ | 21,358 | 13 | % | $ | 93,266 | $ | 89,989 | 4 | % Diluted EPS - Common | $ | 1.00 | $ | 0.89 | 12 | % | $ | 3.92 | $ | 3.70 | 6 | % Business to Business | | | | | | Net Sales | $ | 50,094 | $ | 48,087 | 4 | % | $ | 180,198 | $ | 182,596 | (1) | % Segment Operating Income | $ | 16,956 | $ | 14,982 | 13 | % | $ | 55,348 | $ | 59,796 | (7) | % Retail and Wholesale | | | | | | Net Sales | $ | 79,198 | $ | 77,125 | 3 | % | $ | 313,646 | $ | 302,976 | 4 | % Segment Operating Income | $ | 9,260 | $ | 9,723 | (5) | % | $ | 43,730 | $ | 44,137 | (1) | % * Comprised of Consolidated Operating Income less unallocated corporate expenses. † Please refer to Reconciliation of Non-GAAP Financial Measures below for a reconciliation of Non-GAAP items to the comparable GAAP measures. Daniel S. Jaffee, President and Chief Executive Officer, stated, "Fiscal year 2026 has been especially meaningful as we celebrated our 85th anniversary and reported our strongest full-year sales and net income in history. In the first half of the year, we faced difficult comparisons against a robust prior period. Our team remained focused on growing the business in the second half and ultimately delivered solid results that surpassed last year's performance. The fourth quarter closed out the year on a high note, with record breaking sales. While some areas of our business encountered headwinds, others delivered strong growth, demonstrating the benefit of our diverse product portfolio. Despite inflationary cost pressures, we maintained disciplined expense management and achieved historic levels of cash generation, while continuing to invest in our business and returning value to shareholders with two dividend increases. As we enter fiscal 2027, we remain focused on our strategic initiatives and supporting our businesses." Full Year Results Consolidated net sales for fiscal year 2026 reached an all-time high of $493.8 million, a 2% increase over the prior year, primarily due to favorable product mix. The Retail & Wholesale ("R&W") Products Group delivered record sales of $313.6 million, up 4% over last year, driven by a 47% increase in co-packaged cat litter, a 16% gain in crystal litter, and a 3% improvement in industrial and sports products. This growth was partially offset by a 1% decline in domestic clay litter sales, reflecting changes in private label distribution and the absence of certain non-recurring promotional activity from the prior year. The Business to Business ("B2B") Products Group generated solid revenues of $180.2 million, a slight decrease of 1% from the prior year. Agricultural carriers achieved record sales, increasing 11% year-over-year, while revenues from fluids purification and animal health products declined 5% and 7%, respectively, due to lower demand compared with exceptionally strong prior-year results. Annual consolidated gross profit was $137.5 million, down 4% from last year. Gross margins declined to 27.8% in fiscal year 2026 from 29.5% in fiscal year 2025. This was driven by a 4% increase in per ton domestic cost of goods sold, resulting from higher manufacturing and freight costs. Selling, general and administrative ("SG&A") expenses were $69.5 million in fiscal year 2026 compared to $74.9 million in the prior year. This 7% decline primarily reflects lower human resource costs attributable to corporate functions, a reduced bonus accrual, and decreased outside services expenses. Fiscal year 2026's consolidated operating income was $68.0 million and remained relatively flat compared to last year. Higher sales and lower SG&A expenses offset cost increases. Total other income, net was $1.5 million in fiscal 2026 compared to total other expense, net of $2.0 million in fiscal 2025. The year-over-year change primarily reflects lower landfill modification costs in fiscal 2026 compared to an increase in the estimated obligation recognized in fiscal 2025, as well as higher interest income. The improvement was also driven by the positive outcome of a confidential legal settlement in the matter of Oil-Dri Corporation of America vs. Entera Animal Health, et al. Income tax expense for fiscal year 2026 was $12.5 million compared to $12.2 million in the same period last year. This 3% increase resulted from higher pre-tax income. Annual consolidated net income reached a record $57.0 million in fiscal 2026, or a 6% increase over the prior year. Cash and cash equivalents grew to a historic high of $73.7 million at the end of fiscal year 2026, compared to $50.5 million at the end of fiscal year 2025, reflecting strong earnings and disciplined cash management. The Company generated this remarkable level of cash flow while simultaneously investing in its infrastructure and returning capital to shareholders, including $34.2 million in capital expenditures, $12.6 million in share repurchases, and $10.4 million in dividends paid during the year. Fourth Quarter Results Consolidated Performance Consolidated net sales for the fourth quarter of fiscal 2026 reached $129.3 million, a 3% increase over the prior year period and the highest quarterly revenue in the Company's history. Topline growth was achieved in both the B2B and R&W Products Groups, mainly due to improved product mix. Consolidated gross profit was $36.0 million in the fourth quarter of fiscal 2026, or a 3% gain over the prior year. Gross margins remained stable at 27.8% despite a 3% increase in per ton domestic cost of goods sold, primarily driven by higher freight expenses. Geopolitical pressure on diesel prices and reduced capacity in the trucking industry contributed to this increase. SG&A expenses were $17.7 million during the fourth quarter of fiscal year 2026 compared to $19.2 million in the prior year. This 8% decline largely resulted from reduced outside service expenses and lower human resource costs attributable to corporate functions. Consolidated income from operations was $18.2 million in the fourth quarter of fiscal year 2026, or 17% greater than the same period in fiscal year 2025. Improved sales combined with lower SG&A expenses drove this notable increase. Total other expense, net was $160,000 for the three months ended July 31, 2026, compared to $140,000 in the same period last year. During the fourth quarter of fiscal 2026, income tax expense rose to $3.7 million from $2.4 million in the prior year period, driven by higher pre-tax income and one-time tax benefits in fiscal year 2025. Consolidated net income for the fourth quarter of fiscal year 2026 was $14.4 million versus $13.1 million last year, representing a 10% improvement. EBITDA rose by 13% to $24.1 million, demonstrating continued strength in the Company's underlying operating performance. Product Group Review The B2B Products Group delivered record fourth quarter sales of $50.1 million in fiscal year 2026, up 4% from the prior year, primarily reflecting favorable product mix and, to a lesser extent, increased volumes. The Company's animal health and agricultural businesses achieved revenue gains, while fluids purification product sales remained relatively flat. Revenues of animal health products reached an all-time high of $9.9 million during the fourth quarter of fiscal year 2026, an increase of 18% over the same period last year. This topline growth was attributable to higher domestic and international volumes, including additional demand from current customers and new end-user accounts gained during the year. Sales of agricultural products were $12.6 million, an increase of 6% compared to last year, driven by elevated demand and order timing. Fluids purification product revenues totaled $27.6 million in the fourth quarter of fiscal year 2026, representing the strongest quarterly performance in the last 12 months and remaining relatively consistent with last year's results. SG&A costs within the B2B Products Group decreased by $220,000 in the fourth quarter of fiscal 2026, or 5%, compared to the same period last year. This change was primarily driven by lower bad debt expense and the absence of a foreign value-added tax ("VAT") assessment recorded in the fourth quarter of fiscal 2025. Operating income for the B2B Products Group was $17.0 million in the fourth quarter of fiscal year 2026 compared to $15.0 million in the prior year period, reflecting an increase of 13%. Higher net sales and lower SG&A expenses offset elevated cost of goods sold. The R&W Products Group reported sales of $79.2 million in the fourth quarter of fiscal year 2026, up 3% from the prior year, reflecting improved product mix. These gains were driven by higher revenues from cat litter, and to a lesser extent, from industrial and sports products. Co-packaged cat litter sales grew by 60% year-over-year, supported by an expanded product portfolio that now includes lightweight litter. Domestic cat litter revenues, excluding co-packaged products, totaled $55.9 million for the fourth quarter of fiscal year 2026, down 3% from the prior year period. While crystal cat litter sales increased, revenues of clay litter products softened when compared to the prior year. Domestic clay sales were negatively impacted by the timing and frequency of promotional activity at a large account, changes in retailer pricing strategies and distribution, and ongoing heightened trade spending by competitors. These headwinds were partially offset by the successful introduction of new lightweight products at a key customer and continued growth of Oil‑Dri's EPA‑approved Cat's Pride Antibacterial Clumping Litter. Domestic industrial and sports product sales increased 7% to $12.1 million, primarily due to pricing actions to offset higher costs, including increased transportation expenses. The Company's Canadian subsidiary reported record revenues for the fourth quarter of fiscal year 2026, up 3% from the prior year, reflecting growth across both cat litter and industrial products. During the fourth quarter of fiscal 2026, SG&A expenses within the R&W Products Group decreased by $140,000 or 2%, from the prior year, primarily due to lower advertising spending. Operating income for the R&W Products Group was $9.3 million in the fourth quarter of fiscal year 2026, or 5% less than the same period last year. The decline was mainly driven by significantly higher costs to transport cat litter products. These headwinds were partially offset by increased sales and lower SG&A expenses. The Company will host its fourth quarter fiscal year 2026 earnings discussion virtually via a live webcast on Friday, October 9, 2026 at 10:00 a.m. Central Time. Participation details are available on the Company's website's Events page. "Oil-Dri" and "Cat's Pride" are registered trademarks of Oil-Dri Corporation of America and its subsidiaries.   About Oil-Dri Corporation of America Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals. Forward-Looking Statements Certain statements in this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are based on management's current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us. In addition, we, or others on our behalf, may make forward-looking statements in other press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as "expect," "outlook," "forecast," "would," "could," "should," "project," "intend," "plan," "continue," "believe," "seek," "estimate," "anticipate," "may," "assume," "potential," "strive," and variations of such words and similar references to future periods. Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described in our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except to the extent required by law, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise. Non-GAAP Financial Measures To supplement our consolidated financial statements prepared in accordance with generally accepted accounting principles ("GAAP"), we provide certain non-GAAP financial measures in this press release as supplemental financial metrics. In particular, EBITDA is a non-GAAP financial measure provided herein. We provide a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure below. The non-GAAP financial measures we use may not be the same or calculated in the same manner as those used and calculated by other companies. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared and reported in accordance with GAAP. We believe that certain non-GAAP measures may be helpful to investors and others in understanding and evaluating our operating results, and we urge investors to review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included in this release, and not to rely on any single financial measure to evaluate our business. Contact: Leslie A. Garber Director of Investor Relations Oil-Dri Corporation of America [email protected] (312) 321-1515 | | | | | | | | | | | | | | CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) | | Fourth Quarter Ended July 31, | | | 2026 | | | % of Sales | | | 2025 | | | % of Sales Net Sales | $ | 129,292 | | | 100.0 | % | | $ | 125,212 | | | 100.0 | % Cost of Goods Sold | | (93,307 | ) | | (72.2 | )% | | | (90,379 | ) | | (72.2 | )% Gross Profit | | 35,985 | | | 27.8 | % | | | 34,833 | | | 27.8 | % Selling, General and Administrative Expenses | | (17,743 | ) | | (13.7 | )% | | | (19,189 | ) | | (15.3 | )% Operating Income | | 18,242 | | | 14.1 | % | | | 15,644 | | | 12.5 | % Other Expense, Net | | (158 | ) | | (0.1 | )% | | | (143 | ) | | (0.1 | )% Income Before Income Taxes | | 18,084 | | | 14.0 | % | | | 15,501 | | | 12.4 | % Income Taxes Expense | | (3,666 | ) | | (2.8 | )% | | | (2,446 | ) | | (2.0 | )% Net Income | | 14,418 | | | 11.2 | % | | | 13,055 | | | 10.4 | % | | | | | | | | Earnings Per Share: | Basic Common | $ | 1.07 | | | | | $ | 0.96 | | | | Basic Class B | $ | 0.81 | | | | | $ | 0.72 | | | | Diluted Common | $ | 1.00 | | | | | $ | 0.89 | | | | Diluted Class B | $ | 0.81 | | | | | $ | 0.72 | | | Avg Shares Outstanding: | Basic Common | | 9,851 | | | | | | 9,911 | | | | Basic Class B | | 4,048 | | | | | | 4,002 | | | | Diluted Common | | 13,899 | | | | | | 13,913 | | | | Diluted Class B | | 4,048 | | | | | | 4,002 | | | | | | | | | | | | | | | | | | | | | | CONSOLIDATED STATEMENTS OF OPERATIONS | | | | (in thousands, except per share amounts) | | Twelve Months Ended July 31, | | | 2026 | | | % of Sales | | | 2025 | | | % of Sales Net Sales | | $ | 493,844 | | | 100.0 | % | | $ | 485,572 | | | 100.0 | % Cost of Goods Sold | | | (356,334 | ) | | (72.2 | )% | | | (342,489 | ) | | (70.5 | )% Gross Profit | | | 137,510 | | | 27.8 | % | | | 143,083 | | | 29.5 | % Selling, General and Administrative Expenses | | | (69,528 | ) | | (14.1 | )% | | | (74,863 | ) | | (15.4 | )% Income from Operations | | | 67,982 | | | 13.8 | % | | | 68,220 | | | 14.0 | % Other Income (Expense), Net | | | 1,501 | | | 0.3 | % | | | (2,009 | ) | | (0.4 | )% Income Before Income Taxes | | | 69,483 | | | 14.1 | % | | | 66,211 | | | 13.6 | % Income Taxes Expense | | | (12,514 | ) | | (2.5 | )% | | | (12,215 | ) | | (2.5 | )% Net Income | | | 56,969 | | | 11.5 | % | | | 53,996 | | | 11.1 | % | | | | | | | | Earnings Per Share: | Basic Common | $ | 4.23 | | | | | $ | 3.99 | | | | Basic Class B | $ | 3.18 | | | | | $ | 3.00 | | | | Diluted Common | $ | 3.92 | | | | | $ | 3.70 | | | | Diluted Class B | $ | 3.18 | | | | | $ | 3.00 | | | Avg Shares Outstanding: | Basic Common | | 9,876 | | | | | | 9,889 | | | | Basic Class B | | 4,038 | | | | | | 3,994 | | | | Diluted Common | | 13,914 | | | | | | 13,883 | | | | Diluted Class B | | 4,038 | | | | | | 3,994 | | | | | | | CONSOLIDATED BALANCE SHEETS | | | | (in thousands, except per share amounts) | | | | | | As of July 31, | | As of July 31, | | | 2026 | | | 2025 Current Assets | | | | Cash and Cash Equivalents | | $ | 73,700 | | $ | 50,458 Accounts Receivable, Net | | | 75,438 | | | 69,370 Inventories, Net | | | 53,489 | | | 51,594 Prepaid Expenses and Other Current Assets | | | 6,020 | | | 5,961 Total Current Assets | | | 208,647 | | | 177,383 Property, Plant and Equipment, Net | | | 160,215 | | | 149,704 Other Assets | | | 59,924 | | | 65,137 Total Assets | | $ | 428,786 | | $ | 392,224 | | | | Current Liabilities | | | | Current Maturities of Notes Payable | | $ | 1,000 | | $ | 1,000 Accounts Payable | | | 16,118 | | | 16,808 Dividends Payable | | | 3,017 | | | 2,444 Other Current Liabilities | | | 47,909 | | | 48,935 Total Current Liabilities | | | 68,044 | | | 69,187 Noncurrent Liabilities | | | | Long-term debt | | | 37,857 | | | 38,817 Other Noncurrent Liabilities | | | 25,155 | | | 25,160 Total Noncurrent Liabilities | | | 63,012 | | | 63,977 Stockholders' Equity | | | 297,730 | | | 259,060 Total Liabilities and Stockholders' Equity | | $ | 428,786 | | $ | 392,224 | | | | Book Value Per Share Outstanding | | $ | 21.40 | | $ | 18.66 | | | | Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. | | | CONSOLIDATED STATEMENTS OF CASH FLOWS | | | (in thousands) | | | | For the Twelve Months Ended | July 31, | | 2026 | | | | 2025 | CASH FLOWS FROM OPERATING ACTIVITIES | | | Net Income | $ | 56,969 | | | $ | 53,996 | Adjustments to reconcile net income to net cash | | | provided by operating activities: | | | Depreciation and Amortization | | 23,200 | | | | 22,042 | Increase in Accounts Receivable | | (5,815 | ) | | | (7,789 | ) (Increase) Decrease in Inventories | | (1,875 | ) | | | 2,336 | Decrease in Prepaid Expenses | | 55 | | | | 191 | Increase in Accounts Payable | | 6 | | | | 926 | (Decrease) Increase in Accrued Expenses | | (104 | ) | | | 2,384 | Other | | 7,670 | | | | 6,097 | Total Adjustments | | 23,137 | | | | 26,187 | Net Cash Provided by Operating Activities | | 80,106 | | | | 80,183 | | | | CASH FLOWS FROM INVESTING ACTIVITIES | | | Capital Expenditures | | (34,209 | ) | | | (32,562 | ) Other Investing Activities | | 1,334 | | | | 36 | Net Cash Used in Investing Activities | | (32,875 | ) | | | (32,526 | ) | | | CASH FLOWS FROM FINANCING ACTIVITIES | | | Payments on Revolving Credit Facility | | (1,000 | ) | | | (11,000 | ) Dividends Paid | | (10,376 | ) | | | (8,395 | ) Purchases of Treasury Stock | | (12,574 | ) | | | (2,349 | ) Net Cash Used In Financing Activities | | (23,950 | ) | | | (21,744 | ) | | | Effect of exchange rate changes on Cash and Cash Equivalents | | (39 | ) | | | 64 | | | | Net Increase in Cash and Cash Equivalents | | 23,242 | | | | 25,977 | Cash, Cash Equivalents and Restricted Cash, Beginning of Period | | 50,458 | | | | 24,481 | Cash, Cash Equivalents and Restricted Cash, End of Period | $ | 73,700 | | | $ | 50,458 | Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. | | RECONCILIATION OF NON-GAAP FINANCIAL MEASURES | | (in thousands) | | | | | | | | Fourth Quarter | | Year to Date | Ended July 31, | | Ended July 31, | | 2026 | | | | 2025 | | | | 2026 | | | | 2025 | GAAP: Net Income | $ | 14,418 | | | $ | 13,055 | | | $ | 56,969 | | | $ | 53,996 | Depreciation and Amortization | $ | 6,014 | | | $ | 5,651 | | | $ | 23,200 | | | $ | 22,042 | Interest Expense | $ | 551 | | | $ | 546 | | | $ | 2,199 | | | $ | 2,434 | Interest Income | $ | (529 | ) | | $ | (340 | ) | | $ | (1,616 | ) | | $ | (698 | ) Income Tax Expense | $ | 3,666 | | | $ | 2,446 | | | $ | 12,514 | | | $ | 12,215 | EBITDA | $ | 24,120 | | | $ | 21,358 | | | $ | 93,266 | | | $ | 89,989 | | | | | | | |

CHICAGO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today appointed Anthony W. Parker, Vice President, General Counsel & Secretary, as an executive officer of the Company. Mr. Parker joined Oil-Dri in June 2018 as Assistant General Counsel. He was promoted to Vice President, Legal in November 2023 and, in December 2024, became Vice President, General Counsel & Secretary. In his current role, he oversees Oil-Dri's legal and regulatory affairs and advises the Company and its Board of Directors on corporate governance, securities matters, business transactions, and strategic initiatives. Mr. Parker also serves as a board member of the Sorptive Minerals Institute. Daniel S. Jaffee, President and Chief Executive Officer, stated, "Tony's appointment recognizes the leadership, sound judgment, and strategic counsel he has provided across Oil-Dri. His extensive legal expertise and deep understanding of our business will continue to support disciplined decision making and the Company's long-term growth." Oil-Dri's Board also declared quarterly cash dividends of $0.225 per share of the Company's Common Stock and $0.168 per share of the Company's Class B Stock. The cash dividends will be payable on November 20, 2026 to stockholders of record at the close of business on November 6, 2026. Oil-Dri has paid cash dividends continuously each year since 1974 and has increased dividends annually for twenty-three consecutive years. The Company's press release outlining its performance for the fourth quarter of fiscal year 2026 will be issued after the close of the U.S. stock market on Thursday, October 8, 2026. Oil-Dri will host an earnings discussion via a live webcast on Friday, October 9, 2026 at 10:00 a.m. Central Time. Participation details are posted on the Company's website's Events page. About Oil-Dri Corporation of America Oil-Dri Corporation of America ("Oil-Dri") is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals. To learn more about the Company, please visit oildri.com. Forward-Looking Statements Certain statements in this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are based on management's current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us. In addition, we, or others on our behalf, may make forward-looking statements in other press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as "expect," "outlook," "forecast," "would," "could," "should," "project," "intend," "plan," "continue," "believe," "seek," "estimate," "anticipate," "may," "assume," "potential," "strive," and variations of such words and similar references to future periods. Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described in our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except to the extent required by law, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise. Contact: Leslie A. Garber Director of Investor Relations Oil-Dri Corporation of America [email protected] (312) 321-1515