Oil-Dri Corporation of America
NYSE:ODC
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Oil-Dri Corporation of America
Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. The company is headquartered in Chicago, Illinois and currently employs 847 full-time employees. The company operates through two segments: Business to Business Products Group and Retail and Wholesale Products Group. The Business-to-Business Products Group's customers include processors and refiners of edible oils, petroleum-based oils, and biodiesel fuel; manufacturers of animal feed and agricultural chemicals; distributors of animal health and nutrition products; and marketers of consumer products. The Retail and Wholesale Products Group's customers include mass merchandisers; wholesale clubs; drugstore chains; pet specialty retail outlets; dollar stores; retail grocery stores; e-commerce retailers; distributors of industrial cleanup and automotive products; environmental service companies; and sports field product users. Its products include agricultural and horticultural chemical carriers, animal health and nutrition products, bleaching clay and fluid purification aids.
Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. The company is headquartered in Chicago, Illinois and currently employs 847 full-time employees. The company operates through two segments: Business to Business Products Group and Retail and Wholesale Products Group. The Business-to-Business Products Group's customers include processors and refiners of edible oils, petroleum-based oils, and biodiesel fuel; manufacturers of animal feed and agricultural chemicals; distributors of animal health and nutrition products; and marketers of consumer products. The Retail and Wholesale Products Group's customers include mass merchandisers; wholesale clubs; drugstore chains; pet specialty retail outlets; dollar stores; retail grocery stores; e-commerce retailers; distributors of industrial cleanup and automotive products; environmental service companies; and sports field product users. Its products include agricultural and horticultural chemical carriers, animal health and nutrition products, bleaching clay and fluid purification aids.
Record Year: Oil-Dri achieved record net sales, gross profit, and net income in fiscal 2025, with several principal products also hitting new highs.
Strong Start FY26: Fiscal 2026 began with first quarter net sales of $120 million, the second-best quarter in company history, despite lower volumes.
Profit Outlook: Management remains confident in a profit gain for the full year if the plan is met, after beating internal targets in Q1.
Dividend Growth: The company raised its annual dividend increase from $0.04 to $0.10 per share, continuing a 22-year streak of annual dividend increases.
Debt Repayment: Substantial debt was repaid, bringing net debt to zero at the end of Q1, supporting a strong balance sheet and investment capacity.
Key Segments: Strong performance in fluids purification (driven by renewable diesel and vegetable oil customers), cat litter (especially lightweight and crystals), and agricultural products drove growth.
Capital Investment: The company continued to invest heavily in manufacturing, infrastructure, and technology to support growth and operational efficiency.
Outlook: The company expects a tough first half due to strong prior year comparables but anticipates recovery and growth in the second half, supported by ongoing investments and demand in key markets.
