Oil-Dri Delivers Record Annual Financial Results, Including All-Time High Fourth Quarter Sales and Historic Cash Generation

Oil-Dri paid $10.4 million in dividends during fiscal 2026 and increased its dividend twice.

Rhea-AI Summary

Oil-Dri Corporation of America (NYSE: ODC) reported record fiscal 2026 sales of $493.8 million, up 2% from the prior year. Net income rose 6% to $57.0 million, and diluted common earnings per share increased to $3.92 from $3.70. For the year ended July 31, 2026, gross margin fell to 27.8% from 29.5%, while selling, general and administrative expenses declined 7% to $69.5 million. Operating income remained relatively flat at $68.0 million.

Fourth-quarter sales rose 3% to a record $129.3 million; net income increased 10% to $14.4 million. Annual Retail and Wholesale sales grew 4%, while Business to Business sales declined 1%. Cash ended the year at $73.7 million versus $50.5 million a year earlier, alongside $34.2 million in capital expenditures and $12.6 million in share repurchases. Fourth-quarter Retail and Wholesale operating income fell 5%, mainly because of higher cat litter transportation costs.

32 points · 0 major

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Positive

• Moderate pointFiscal 2026 sales increased 2% to $493.8 million, reaching an annual record.
• Moderate pointFiscal 2026 net income rose 6% to $57.0 million, an annual record.
• Moderate pointFiscal 2026 diluted common earnings per share increased 6% to $3.92 from $3.70.
• Moderate pointCash reached $73.7 million at July 31, 2026, versus $50.5 million a year earlier.
• Moderate pointShare repurchases returned $12.6 million to shareholders during fiscal 2026.
• Moderate pointAnnual selling, general and administrative expenses declined 7% to $69.5 million.
• Moderate pointAnnual Retail and Wholesale sales increased 4% to $313.6 million.
• Moderate pointFourth-quarter sales increased 3% to $129.3 million, reaching a quarterly record.
• Moderate pointFourth-quarter net income increased 10% to $14.4 million.
• Moderate pointFourth-quarter diluted common earnings per share increased 12% to $1.00 from $0.89.
• Moderate pointFourth-quarter operating income increased 17% to $18.2 million.
• Moderate pointFourth-quarter Business to Business sales increased 4% to $50.1 million, reaching a quarterly record.
• Moderate pointFourth-quarter Business to Business operating income increased 13% to $17.0 million.
• Moderate pointFourth-quarter Retail and Wholesale sales increased 3% to $79.2 million.

18 minor points

• Minor pointDividend payments totaled $10.4 million in fiscal 2026, with two dividend increases.
• Minor pointInfrastructure investment included $34.2 million in fiscal 2026 capital expenditures.
• Minor pointAnnual other income, net, reached $1.501 million, versus $2.009 million in other expense in fiscal 2025.
• Minor pointAnnual co-packaged cat litter sales increased 47% over the prior year.
• Minor pointAnnual crystal litter sales increased 16% over the prior year.
• Minor pointAnnual industrial and sports product sales increased 3% over the prior year.
• Minor pointAnnual agricultural carrier sales increased 11%, reaching a record.
• Minor pointFourth-quarter gross profit increased 3% to $36.0 million; gross margin stayed at 27.8%.
• Minor pointFourth-quarter selling, general and administrative expenses declined 8% to $17.7 million.
• Minor pointFourth-quarter animal health sales increased 18% to $9.9 million, reaching a record.
• Minor pointFourth-quarter agricultural product sales increased 6% to $12.6 million.
• Minor pointFourth-quarter Business to Business selling, general and administrative costs declined 5%, or $220,000.
• Minor pointFourth-quarter co-packaged cat litter sales increased 60% year over year.
• Minor pointFourth-quarter domestic industrial and sports sales increased 7% to $12.1 million, primarily through pricing actions.
• Minor pointFourth-quarter Canadian subsidiary revenues increased 3%, reaching a quarterly record.
• Minor pointFourth-quarter Retail and Wholesale selling, general and administrative expenses declined 2%, or $140,000.
• Minor pointLong-term debt declined to $37.857 million from $38.817 million at the prior fiscal year-end.
• Minor pointBook value per share increased to $21.40 from $18.66 at the prior fiscal year-end.

Negative

• Moderate pointAnnual gross profit declined 4% to $137.5 million; gross margin fell to 27.8% from 29.5%.
• Moderate pointAnnual domestic cost of goods sold per ton increased 4%, reflecting higher manufacturing and freight costs.
• Moderate pointAnnual Business to Business sales declined 1% to $180.2 million.
• Moderate pointAnnual Business to Business operating income declined 7% to $55.348 million.
• Moderate pointAnnual Retail and Wholesale operating income declined 1% to $43.730 million.
• Moderate pointFourth-quarter Retail and Wholesale operating income declined 5% to $9.3 million, mainly from transportation costs.
• Moderate pointFourth-quarter domestic cat litter revenues, excluding co-packaged products, declined 3% to $55.9 million.
• Moderate pointFourth-quarter domestic cost of goods sold per ton increased 3%, primarily from freight expenses.

6 minor points

• Minor pointAnnual domestic clay litter sales declined 1%, reflecting distribution changes and absent prior-year promotional activity.
• Minor pointAnnual fluids purification sales declined 5% because of lower demand.
• Minor pointAnnual animal health sales declined 7% because of lower demand.
• Minor pointAnnual income tax expense increased 3% to $12.5 million on higher pre-tax income.
• Minor pointFourth-quarter income tax expense rose to $3.666 million from $2.446 million.
• Minor pointFourth-quarter other expense, net, increased to $158,000 from $143,000.

News Explained

Oil-Dri has reported fiscal 2026 results; while the release describes cash generation as historic, operating cash flow was $80,106 thousand, versus $80,183 thousand in fiscal 2025.

Key Figures

FY2026 net sales: $493.8 million, up 2% FY2026 net income: $57.0 million, up 6% FY2026 diluted EPS: $3.92, up 6% +5 more

FY2026 net sales

$493.8 million, up 2%

Fiscal year ended July 31, 2026

FY2026 net income

$57.0 million, up 6%

Compared with fiscal year 2025

FY2026 diluted EPS

$3.92, up 6%

Diluted Common EPS; compared with fiscal year 2025

FY2026 gross margin

27.8%, down from 29.5%

Fiscal year 2026 versus fiscal year 2025

Year-end cash and cash equivalents

$73.7 million

At July 31, 2026, compared with $50.5 million at July 31, 2025

Q4 net sales

$129.3 million, up 3%

Fourth quarter fiscal 2026; highest quarterly revenue in company history

Q4 income from operations

$18.2 million, up 17%

Fourth quarter fiscal 2026 versus the prior-year period

Q4 net income

$14.4 million, up 10%

Fourth quarter fiscal 2026 versus the prior-year period

Previous Earnings Reports

1 past event · Latest: Oct 09

Same Type 1 event

1. Oct 09

   Annual earnings

   24h Move

   +8.2%

   FY2025 sales, net income, EBITDA and diluted EPS increased year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ebitda, diluted eps, non-gaap, sg&a

4 terms

ebitda financial

"EBITDA † | $24,120 | $21,358"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

diluted eps financial

"Diluted EPS Common | $1.00 | $0.89"

Diluted earnings per share (EPS) shows how much profit a company makes for each share of stock, assuming all possible shares from stock options or convertible securities are used. It provides a more conservative estimate than basic EPS, accounting for potential share increases that could dilute ownership. Investors use diluted EPS to get a clearer picture of a company's true profitability on a per-share basis.

non-gaap financial

"reconciliation of Non-GAAP items to the comparable GAAP measures"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

sg&a financial

"Selling, general and administrative ("SG&A") expenses"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
InvestorRelations@oildri.com
(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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Oil-Dri's fiscal 2026 sales and earnings?

Oil-Dri reported fiscal 2026 sales of $493.8 million and net income of $57.0 million, both annual records. Sales increased 2% and net income increased 6% over fiscal 2025. Diluted common earnings per share rose to $3.92 from $3.70.

How did Oil-Dri perform in the fourth quarter of fiscal 2026?

Oil-Dri's fourth-quarter sales increased 3% to $129.3 million, while net income rose 10% to $14.4 million. Operating income increased 17% to $18.2 million. Diluted common earnings per share reached $1.00, compared with $0.89 in the prior-year quarter.

Why did Oil-Dri's domestic clay litter sales weaken in the fourth quarter?

Oil-Dri attributed weaker fourth-quarter domestic clay litter sales to promotional timing and frequency at a large account, retailer pricing and distribution changes, and heightened competitor trade spending. New lightweight products at a customer and continued growth of Cat's Pride Antibacterial Clumping Litter partially offset those pressures.

What drove Oil-Dri's fourth-quarter animal health sales growth?

Higher domestic and international volumes drove Oil-Dri's fourth-quarter animal health sales growth, including additional demand from existing customers and new end-user accounts gained during the year. Sales reached a record $9.9 million, up 18% from the prior-year quarter.