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

Amlan International, a leading innovator in mineral-based feed additives for poultry and animal production, has appointed Marty Thompson as Southwest Key Accounts Manager for the U.S. Thompson brings extensive experience in the livestock and feed industry, with a proven track record of success in business development and sales growth.

In his previous role as National Account Manager, Thompson successfully grew sales of vitamins and feed additives to major poultry integrators and livestock feed manufacturers. At Amlan, he will focus on strengthening customer relationships, driving sales initiatives, and supporting the company's commitment to advancing animal health with their mineral technology.

Thompson holds a B.S. in Animal Science from Oklahoma State University and has completed graduate studies at the University of Arkansas. His appointment aligns with Amlan's strategic objectives in the Southwest region and is expected to contribute to the company's continued growth and success.

Oil-Dri of America (NYSE: ODC) has announced the dates for its fourth quarter and fiscal year 2024 earnings release and live webcast. The company will release its earnings report after the U.S. stock market closes on Thursday, October 10, 2024. Following this, Oil-Dri will host a live webcast on Friday, October 11, 2024, at 10:00 a.m. Central Time to discuss the financial results. Investors and interested parties can find participation details on the company's website's Events page. The webcast will also be available for replay, and archives of previous webcasts can be accessed under the Quarterly Archives section of the website.

Amlan International, a subsidiary of Oil-Dri of America (NYSE: ODC), has launched Phylox®, a natural anticoccidial solution for poultry, in the Philippines. This innovative feed additive addresses the significant challenge of coccidiosis in Southeast Asian poultry farms, particularly during the rainy season. Phylox offers a safe, effective alternative to traditional chemical drugs and antibiotics, aligning with the growing demand for no-antibiotic-ever (NAE) production systems.

The product will be distributed by Nezus Philippines and showcased at ILDEX 2024 from August 28-30. Phylox has demonstrated performance equivalent to common ionophores or chemicals in trials and is compatible with anticoccidial vaccines. Its multiple modes of action in disrupting Eimeria life cycles position it as a promising solution for enhancing poultry health and profitability in the Asia Pacific market.

Oil-Dri of America (NYSE: ODC) announced record sales and gross profit for Q3 and the first nine months of fiscal 2024. Q3 consolidated net sales reached $106.8 million, up 1% from the prior year. Net income for the quarter was $7.8 million, down 9% from last year, primarily due to increased SG&A expenses. Gross profit increased by 10% to $30.1 million. The company highlighted growth in fluids purification and cat litter products, as well as the acquisition of Ultra Pet Company, which is expected to drive future earnings. Year-to-date net sales were $323.9 million, a 6% increase from the previous year.

Oil-Dri of America (NYSE: ODC) announced a dividend increase to $0.31 per share for Common Stock and $0.233 per share for Class B Stock, representing a 7% rise. This marks the 21st consecutive year of dividend increases, highlighting strong financial performance and confidence in future growth. Dividends will be payable on August 23, 2024, to shareholders who are recorded as of August 9, 2024. Historically, the company increased dividends by $0.01 annually, but this year it doubled the increase to $0.02 per share. A press release detailing Q3 2024 performance will be issued on June 6, with an earnings discussion webcast scheduled for June 7 at 10:00 a.m. Central Time.

Oil-Dri of America (NYSE: ODC) has completed the acquisition of Ultra Pet Company, Inc. for $46 million, aiming to strengthen its position in the cat litter industry. The acquisition was financed through a mix of cash and credit facilities. The combined efforts of both companies will focus on expanding in the crystal cat litter segment, optimizing operations, and sharing core values. Oil-Dri's earnings for the third quarter of fiscal 2024 will be released on June 6, 2024, followed by an earnings discussion on June 7, 2024.