Oil-Dri Corporation of America Stock Price, News & Analysis

Oil-Dri Corporation of America (NYSE: ODC) has appointed Dr. Mervyn de Souza as Vice President of Research & Development to lead the company's global innovation efforts. Dr. de Souza brings over 25 years of experience in research, development, and innovation across food, agriculture, life sciences, and industrial sectors.

Dr. de Souza, who holds a Ph.D. in Biochemistry, Molecular Biology, and Biophysics, will oversee Oil-Dri's Innovation Center and expand its mineral-based products portfolio. He is a co-inventor on more than 20 patents and will be responsible for guiding exploratory research, technology transfer, and fostering innovation within the R&D organization.

Amlan International, a division of Oil-Dri Corporation of America (NYSE:ODC), has announced a strategic partnership with Boviz Saúde Animal to expand its presence in Brazil's cattle market. The companies will showcase their collaboration at the Rio Preto Country Bulls Rodeo from July 9-13, 2025.

Brazil represents a significant market opportunity as the world's second-largest beef producer, accounting for 18% of global beef production with approximately 12 million tons annual output. The partnership focuses on distributing Amlan's feed additive technologies, including Calibrin®-Z, through Boviz's network to enhance animal health and production efficiency in Brazil's livestock sector.

Oil-Dri Corporation (NYSE: ODC) reported record-breaking third quarter fiscal 2025 results with net sales reaching $115.5 million, an 8% increase year-over-year. Net income surged 50% to $11.6 million, while EBITDA grew 35% to $20.2 million. The company's Business to Business segment saw 18% revenue growth to $42.7 million, driven by strong agricultural and fluids purification products performance. The Retail and Wholesale segment increased 3% to $72.8 million, boosted by the Ultra Pet acquisition. Cash and equivalents rose to $36.5 million from $23.5 million at fiscal year-end 2024. The company achieved its 16th consecutive quarter of year-over-year sales growth and 13th consecutive quarter of gross profit improvement, with gross margins expanding to 28.6%.

Oil-Dri Corporation of America (NYSE: ODC) announced a 16% increase in its quarterly cash dividend, raising it to $0.18 per share for Common Stock and $0.135 for Class B Stock. This marks the company's 22nd consecutive year of dividend growth, with an unbroken record of dividend payments since 1974. The increased dividend will be payable on August 22, 2025, to stockholders of record as of August 8, 2025. President and CEO Daniel S. Jaffee emphasized that this increase reflects the company's strong financial position and confidence in its future, particularly following a recent stock split. The company also announced its upcoming third quarter fiscal 2025 earnings release scheduled for June 5, 2025, with a webcast discussion planned for June 6.

Cat's Pride, a brand of Oil-Dri of America (NYSE: ODC), announces its 'Love that Lasts' campaign running from April 1-30, 2025. The company aims to donate up to 500,000 pounds of cat litter to local animal shelters, tripling their usual donation amount.

The campaign coincides with national 'Adopt a Shelter Pet Day' and aims to support shelters caring for the over 3 million cats entering annually. Cat's Pride is promoting their product line including lightweight clumping clay, lightweight crystals, and new Micro Crystals formula. The innovative Micro Crystals provide instant moisture absorption and odor control, lasting up to one month for single-cat households.

Donations will be funded through April sales of all Cat's Pride products. The campaign will be featured on The Balancing Act on Lifetime, airing April 7th and 15th, featuring CEO Daniel S. Jaffee and Hannah Shaw discussing the initiative and products.

Oil-Dri of America (NYSE: ODC) has appointed Jonathan Blake as Vice President, Corporate Controller and principal accounting officer, effective March 17, 2025. Reporting to Susan M. Kreh, CFO and CIO, Blake will lead the company's accounting and tax functions.

Blake brings over 25 years of experience in accounting and finance, specializing in SEC reporting, SOX compliance, technical accounting, and financial system implementation. His previous roles include Global Corporate Controller at Videojet Technologies (2018-present), Global Corporate Controller & North America Finance Director at Optimas OE Solutions (2015-2018), and senior management positions at Kraft Foods (2009-2015). He began his career at Deloitte & Touche in 1998.

Oil-Dri of America (NYSE: ODC) has announced its quarterly dividend distribution. The company declared dividends of $0.155 per share for Common Stock and $0.1165 per share for Class B Stock, payable on May 23, 2025, to stockholders of record as of May 9, 2025.

The announcement highlights Oil-Dri's consistent dividend payment history, having distributed cash dividends every year since 1974, with annual increases for twenty-one consecutive years. The company also scheduled its third quarter fiscal 2025 earnings release for June 5, 2025, after market close, followed by a live webcast earnings discussion on June 6, 2025.

Oil-Dri (NYSE: ODC) reported record-breaking second quarter fiscal 2025 results, with net sales reaching $116.9 million, an 11% increase year-over-year. The growth comprised 7% organic growth and 4% from Ultra Pet Company acquisition.

Key financial highlights include:

• Gross profit of $34.4 million, up 11% with margins at 29.5%
• Net income of $12.9 million, a 4% increase
• EBITDA grew 16% to $22.2 million

The B2B Products Group revenue increased 20% to $43.4 million, driven by strong fluids purification and animal health products performance. The Retail and Wholesale Products Group revenue grew 6% to $73.5 million, boosted by Ultra Pet acquisition and increased demand for lightweight and coarse litter products.

Oil-Dri of America (NYSE: ODC) will showcase its innovative lightweight cat litter products at the 2025 Global Pet Expo in Orlando, Florida from March 26-28. The company will present its brands including Cat's Pride®, Jonny Cat®, and Ultra® at Booth 2020.

Following the acquisition of Ultra Pet Company in 2024, Oil-Dri now offers Cat's Pride Micro Crystal Litter with 30-day odor control. The company's portfolio includes the first EPA-approved antibacterial litter, Cat's Pride Antibacterial Clumping Litter, which eliminates 99.9% of odor-causing bacteria.

The company emphasizes its commitment to sustainability through lightweight products that allow twice as many units per truck, reducing transportation carbon footprint. Oil-Dri offers both branded and private label options across lightweight clumping, non-clumping, clay, and crystal formulas.