Welcome to our dedicated page for Oil-Dri Corporation of America news (Ticker: ODC), a resource for investors and traders seeking the latest updates and insights on Oil-Dri Corporation of America stock.
Oil-Dri Corporation of America (NYSE: ODC) generates a steady stream of news related to its specialty sorbent mineral business and its animal health subsidiary, Amlan International. Company announcements cover financial performance, dividend decisions, product and market developments, and participation in key industry events across pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets.
Investors following ODC news will find quarterly and annual earnings releases furnished on Form 8-K, where Oil-Dri reports net sales, gross profit, operating income, net income and EBITDA, along with segment results for its Business to Business and Retail & Wholesale Product Groups. These updates often highlight trends in domestic cat litter, fluids purification, agricultural products and animal health offerings, as well as commentary from management on factors driving performance.
Board of directors actions are another recurring news theme. Oil-Dri regularly issues press releases and corresponding Form 8-K filings when the board declares quarterly cash dividends on its Common Stock and Class B Stock or approves dividend increases. These items provide insight into the company’s capital allocation approach and long-term dividend track record.
Amlan International contributes its own stream of news focused on animal health and nutrition. Releases describe Amlan’s participation in global events such as the International Production & Processing Expo, World Dairy Expo and LPN Congress & Expo, where it showcases mineral-based feed additives and gut health solutions. Amlan also announces leadership appointments and technical initiatives that support its growth in regions such as Asia-Pacific and Latin America.
Together, these news items give readers a view of Oil-Dri’s financial results, strategic priorities, product focus and industry engagement. The ODC news page aggregates this information so market participants can monitor developments affecting the company’s sorbent mineral, pet care and animal health businesses over time.
On December 16, 2020, Amlan International, the animal health division of Oil-Dri Corporation of America, announced the appointment of Heath Wessels as the Director of Sales for North America. This new role aims to enhance Amlan's business presence in the U.S. and Canada, focusing on delivering value and profitability through its mineral-based feed additives. With over 20 years of experience in the animal protein sector, Wessels is expected to drive growth and build strategic relationships with producers to meet increasing consumer demands for high-quality animal protein.
The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) announced a quarterly cash dividend of $0.26 per share for Common Stock and $0.195 per share for Class B Stock. These dividends will be payable on February 26, 2021, to shareholders on record as of February 12, 2021. Oil-Dri has a longstanding history of continuous cash dividends since 1974 and has raised its dividend annually for 17 consecutive years. The company plans to release its earnings report for the second quarter of fiscal 2021 on March 11, 2021.
Oil-Dri Corporation of America (NYSE: ODC) reported a 7% increase in consolidated net sales for Q1 FY2021, reaching $76 million. Net income rose 13% to $4 million, and diluted EPS increased to $0.56. The B2B Products Group saw a 4% revenue rise, driven by a 22% increase in agricultural sales, while retail and wholesale revenues surged 9%. Operating income totaled $5.2 million, a 26% increase, despite challenges in animal health and industrial segments due to COVID-19. The company maintains a strong balance sheet with $31 million in cash and minimal debt.
Oil-Dri Corporation (NYSE: ODC) will participate in the virtual Southwest IDEAS Investor Conference on November 19, 2020. Key executives, including Daniel S. Jaffee and Susan M. Kreh, will present insights on the company. A pre-recorded presentation will be accessible on the company’s website starting at 7:00 am CST on November 18. Oil-Dri is known for its high-quality sorbent mineral products across various markets, leveraging over 75 years of expertise.
On October 26, Cat's Pride launches the Twin to Win contest, offering cat owners a chance to win cash prizes up to $2,500 and a coupon for $5 off their litter purchase. Participants must upload creative photos twinning with their cats at CatTwinning.com. The first 50,000 entrants receive the discount, while the top three voted images earn cash prizes of $2,500, $1,000, and $500. Voting for winners is from November 16 to December 6. Cat's Pride supports animal shelters through its Litter for Good program, donating litter for every purchase.
Oil-Dri Corporation of America (NYSE:ODC) has appointed Lawrence E. Washow as Vice Chairman of its Board of Directors. Washow, a board member since 2013, brings extensive experience in minerals and manufacturing. Additionally, the Board declared quarterly cash dividends of $0.26 per share for Common Stock and $0.195 for Class B Stock, payable on November 27, 2020, to stockholders of record on November 13, 2020. Oil-Dri has consistently paid dividends since 1974 and has increased them for 17 consecutive years. Earnings for Q1 fiscal 2021 will be released on December 7, 2020.
Oil-Dri Corporation of America (NYSE: ODC) reported its fourth quarter and fiscal year 2020 results, showcasing a net income of $5.9 million for Q4, a 55% increase year-over-year, and a total net income of $18.9 million for the fiscal year, reflecting a 50% growth. Despite an 8% decline in Q4 net sales to $64.8 million, the company achieved record annual net sales of $283 million, up 2% from 2019. A one-time $13 million gain from an intellectual property license agreement significantly boosted quarterly results. The strong liquidity position includes $41 million in cash against $10 million in debt.
Amlan International has appointed Fred H. Kao as Vice President of Global Sales to enhance its efforts in livestock intestinal health solutions. This role is aimed at meeting the rising global demand for antibiotic-free protein products. Kao, with over 20 years of experience in the animal protein sector, has a proven record in improving profitability and business operations, particularly in Asia. His expertise will support Amlan's strategy in emerging markets, crucial for growth in natural alternatives to antibiotic growth promoters.
Amlan International, a subsidiary of Oil-Dri Corporation (NYSE: ODC), will demonstrate its mineral-based alternatives to antibiotics in poultry production on Fox Business's "Built in America: INNOVATION NATION" airing August 30. The segment features Dr. Hongyu Xue, highlighting how Varium protects chicken health and reduces antibiotic use. Amidst food safety concerns raised by COVID-19, Amlan aims to address global food supply challenges. The company's advancements in mineral technology contribute to sustainable agricultural practices.
On August 24, 2020, Oil-Dri Corporation of America (NYSE: ODC) announced the issuance of U.S. Patent 10,568,903 for its mineral-based technology used in animal feed. This patent covers Varium® for poultry and NeoPrime™ for swine, presenting a natural alternative to antibiotics in animal protein production. The technology aims to combat intestinal diseases, which cost the livestock industry over $6 billion annually. The patent validates the potential of mineral additives to improve livestock health and productivity while reducing reliance on antibiotics.