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Oil-Dri Corporation of America (NYSE: ODC) delivers essential updates through this comprehensive news hub, serving investors and industry stakeholders. Access curated press releases and financial developments from the leader in sorbent mineral solutions.
Track earnings announcements, operational milestones, and strategic initiatives from the company behind Cat's Pride litter and industrial absorbents. Our repository simplifies monitoring of product innovations, sustainability efforts, and market expansions across pet care and B2B sectors.
Discover updates spanning clay-based technologies, animal health advancements, and industrial purification solutions. Benefit from organized access to corporate announcements without promotional bias, maintained through Oil-Dri's vertically integrated operational framework.
Bookmark this page for streamlined tracking of ODC's developments in mineral science and absorbent technologies. Return regularly for factual updates directly impacting understanding of the company's market position and growth trajectory.
Oil-Dri Corporation of America (NYSE: ODC) announced the appointment of Patricia "Patti" J. Schmeda to its Board of Directors on March 22, 2023. With over 30 years in information technology, Schmeda will enhance the Board's perspective on IT strategies and cybersecurity. She is currently Global CIO at Wahl Clipper Corporation and has a solid background in IT leadership roles. Additionally, the Board declared a quarterly cash dividend of $0.28 per share of Common Stock and $0.21 per share of Class B Stock, payable on May 26, 2023, to stockholders of record by May 12, 2023. Oil-Dri has paid continuous dividends since 1974 and has increased them annually for 19 years.
Dr. Robin Jarquin has been appointed as the new Director of Sales for LATAM at Amlan International, part of Oil-Dri Corporation of America. With over 17 years in the poultry industry, Dr. Jarquin will focus on expanding Amlan's operations in Latin America, which produced 28 million tons of broiler meat in 2021. He will advance product registration, including the anticoccidial alternative Phylox in Mexico and Chile, and support growth in both poultry and swine sectors. The region's pork production has also experienced over 20% growth in the past five years, positioning Amlan for further market share expansion.
Oil-Dri Corporation of America (NYSE: ODC) announced strong financial results for Q2 and the first half of fiscal 2023. Net sales reached $101.7 million, a 17% increase year-over-year. Net income attributable to Oil-Dri soared to $3.9 million, a 93% increase from $2.0 million in the previous year. Adjusted earnings per diluted share jumped 100% to $0.56. Notably, the Business to Business Products Group achieved record revenues of $35.2 million, driven by price increases. Despite a reserve of $2.5 million for landfill modifications, the company reported robust growth across its product portfolio, showcasing resilience in an inflationary environment.
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