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Oil-Dri Corp. Of America - ODC STOCK NEWS

Welcome to our dedicated news page for Oil-Dri Of America (Ticker: ODC), a resource for investors and traders seeking the latest updates and insights on Oil-Dri Of America.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oil-Dri Of America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Oil-Dri Of America's position in the market.

News
Oil-Dri to Acquire Ultra Pet in Strategic Move to Compete in Rapidly Growing Crystal Cat Litter Market
Rhea-AI Summary
Oil-Dri of America (NYSE: ODC) announces the acquisition of Ultra Pet Company, Inc. for $46 million in cash, aiming to expand its presence in the rapidly growing crystal cat litter market. The transaction is expected to be immediately accretive to earnings, positioning Oil-Dri as a key player in the lightweight cat litter segment.
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Oil-Dri Achieves Record Results for the Second Quarter and Triples its Net Income
Rhea-AI Summary
Oil-Dri Corporation of America (ODC) announces impressive financial results for the second quarter and first six months of fiscal year 2024. Net sales increased by 4% to $105.7 million, with net income more than tripling to $12.4 million. Gross profit reached an all-time high of $30.9 million, driven by higher selling prices and improved product mix. Operating income doubled to $15.2 million. The Business to Business Products Group saw a 3% revenue increase, while the Retail and Wholesale Products Group experienced a 4% growth in revenues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.66%
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earnings
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Oil-Dri Board of Directors Declares Quarterly Dividends
Rhea-AI Summary
Oil-Dri Corporation of America (ODC) declares quarterly cash dividends of $0.29 per share for Common Stock and $0.218 per share for Class B Stock. Dividends payable on May 24, 2024, to stockholders of record on May 10, 2024. The company has been paying dividends since 1974 and increasing them annually for twenty years. Earnings discussion via webcast scheduled for March 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.69%
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management dividends
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Amlan International Forges Strategic Partnership with Grupo Profil as its Newest Latin American Distributor, Amplifying Access to Innovative Gut Health Solutions for Protein Producers
Rhea-AI Summary
Amlan International partners with Grupo Profil to distribute natural feed additives in Latin America, targeting poultry, swine, aquaculture, and dairy sectors. The partnership aims to enhance animal health and productivity, reduce antibiotic use, and offer sustainable solutions in Central America.
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Rhea-AI Sentiment
End-of-Day
1.11%
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partnership
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Amlan® International Honored with New Product Showcase "Best of the Best" Award for NeutraPath® at IPPE
Rhea-AI Summary
Amlan International, a global leader in mineral-based feed additives, received the prestigious 'Best of the Best' award in Live Production at the International Production & Processing Expo (IPPE) for its innovative product, NeutraPath. NeutraPath is a natural antimicrobial feed additive that optimizes intestinal health, reduces pathogenic bacterial load, and enhances performance in high-challenge environments. The product's efficacy has been validated through research, showcasing its potential to improve pathogen control and feed conversion. Amlan's commitment to innovation and sustainability in the poultry industry is evident through NeutraPath's recognition and previous accolades for their natural anticoccidial feed additive, Phylox.
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0.74%
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Amlan International Partners with KOFARM to Showcase Gut Health Solutions for Swine at AMVECAJ 2024
Rhea-AI Summary
Amlan International, a subsidiary of Oil-Dri Corporation of America, will participate in the XXX AMVECAJ International Congress, focusing on pig health management, nutrition, and animal welfare. The event will feature leading experts from the United States, Colombia, Uruguay, Argentina, Brazil, and Mexico, providing Amlan with a global platform to showcase its natural mineral-based feed additives and technical services expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
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partnership
News
JOIN CAT'S PRIDE® DURING NATIONAL CAT HEALTH MONTH AND 'GIVE SHELTER CATS A CLEAN START'
Rhea-AI Summary
Cat's Pride, a brand from Oil-Dri Corporation of America (NYSE: ODC), is launching the 'Give Shelter Cats a Clean Start' campaign in honor of National Cat Health Month. For every jug of Antibacterial Clumping Litter sold in February, Cat's Pride will donate two pounds of litter to help shelters nationwide. The litter kills 99.9% of odor-causing bacteria and aims to provide a more sanitary environment for shelters and homes. With over 3 million cats entering shelters annually, the initiative aims to make a tangible impact by providing a necessity for all shelters – cat litter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
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Amlan International Set To Exhibit Natural Mineral Technology At International Production And Processing Expo (IPPE)
Rhea-AI Summary
Amlan International (Ticker: ODC) to Showcase NeutraPath at International Production and Processing Expo (IPPE)
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Rhea-AI Sentiment
End-of-Day
0.81%
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Oil-Dri Board of Directors Declares Quarterly Dividends
Rhea-AI Summary
Oil-Dri Corporation of America (NYSE: ODC) declared quarterly cash dividends of $0.29 per share of Common Stock and $0.218 per share of Class B Stock. Dividends will be payable on March 8, 2024, to stockholders of record at the close of business on February 23, 2024. The Company has paid cash dividends continuously since 1974 and has increased dividends annually for twenty consecutive years. Oil-Dri is a leading manufacturer and supplier of specialty sorbent products for various markets, with over 80 years of experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
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management dividends
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Oil-Dri Announces Record Results for First Quarter of Fiscal Year 2024 and Doubles its Net Income
Rhea-AI Summary
Oil-Dri Corporation of America (NYSE: ODC) announced record results for its first quarter of fiscal year 2024, with a 13% increase in net sales to $111.4 million and a 105% increase in net income to $10.7 million. The Company also reported an 11% increase in Retail and Wholesale net sales and a 16% increase in Business to Business net sales, reflecting the success of its innovative products and expanded distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.79%
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earnings
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Oil-Dri Corp. Of America

NYSE:ODC

ODC Rankings

#2961 Ranked by Market Cap
#167 Ranked by Stock Gains
#1536 Ranked by Dividends

ODC Stock Data

503.03M
4.87M
4.61%
70.29%
0.61%
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US
Chicago

About ODC

our mission is to create value from sorbent minerals. over the past 75 years we have become a leading manufacturer and supplier of high-quality sorbent products for consumer and business to business markets. we are passionate about continuously improving the value our customers receive from our products and services. we take pride in being an organization that emphasizes high moral and ethical values. we are vertically integrated which enables us to efficiently oversee every step in our processes—from research and development to supply chain to marketing and sales. we handle it all with honesty, integrity and a passion for excellence.