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

Amlan International, part of Oil-Dri Corporation, has received the 2023 New Product Showcase “Best of the Best” award at the International Production & Processing Expo for its product Phylox. This natural, non-pharmaceutical solution addresses coccidiosis, a major poultry disease, and offers a no-antibiotic-ever (NAE) alternative for producers. Phylox contains a blend of natural antiprotozoal phytochemicals and has shown to improve feed conversion, weight gain, and reduce mortality. The award recognizes innovations that advance the industry, and Amlan is positioned to enhance poultry production efficiency and profitability.

Amlan International, a leader in mineral-based feed additives, has appointed Chris Dyer as Director of Sales for North America. Dyer brings over 35 years of experience in poultry production and sales, aiming to enhance Amlan's growth strategies in the U.S. and Canada. His background includes managing a multimillion-dollar medicated feed additives program. The company focuses on delivering natural products that cater to rising customer demands for high-quality animal proteins. Amlan's products, such as Sorbiam™, have proven effective in the North American market, which contributes significantly to global broiler meat production.

Amlan International, the animal health division of Oil-Dri Corporation, will participate in the International Production and Processing Expo (IPPE) from January 24-26, 2023, in Atlanta, GA. The company will showcase its innovative feed technology, particularly Phylox, a natural alternative to anticoccidial drugs. This product enhances gut health and can be used in 'no antibiotics ever' programs. Amlan is also the exclusive sponsor of the IPPE Media Center and will host several presentations and discussions on advancements in animal protein production.

Oil-Dri Corporation's Amlan International has announced key internal promotions to support its growth in the Americas and maintain its reputation in Asia. Dr. Wade Robey has been appointed President, succeeding Dan Jaffee, who remains CEO of Oil-Dri. Wade's prior achievements include successful global marketing and product development. Additionally, Reagan Culbertson and Dr. Aldo Rossi have been promoted to Vice President positions focusing on strategic marketing and innovation, respectively. These changes reflect Amlan's commitment to excellence and its mission of delivering effective, mineral-based feed additives.

Oil-Dri Corporation of America (NYSE: ODC) has announced quarterly cash dividends of $0.28 per share for its Common Stock and $0.21 per share for Class B Stock, payable on February 24, 2023. Stockholders must be on record by the close of business on February 10, 2023. This marks the company's continuous dividends since 1974 and a history of annual increases for nineteen consecutive years. The firm will report its second-quarter earnings after market close on March 9, 2023, followed by a webcast on March 10, 2023.

Oil-Dri Corporation of America (ODC) reported impressive financial results for the first quarter of fiscal year 2023, ending October 31, with net sales soaring to $98.5 million, marking a 19% increase year-over-year. Net income surged by 796% to $5.2 million, translating to earnings of $0.78 per share. Strong performance was driven by the Business to Business segment, which saw a 36% revenue increase, and the Retail and Wholesale segment, which grew by 12%. Notably, consolidated gross profit rose 61% to $22.3 million, with gross margins expanding by 580 basis points compared to the prior year.

Amlan International, a division of Oil-Dri Corporation of America, has strengthened its presence in the Philippines with the appointment of Jayson Fernandez as sales manager and the registration of FJ Wegon Animal Health and Nutrition Inc. to distribute Calibrin®-Z. The Philippines is a major poultry and swine producer in Southeast Asia. While the poultry industry faces post-COVID-19 recovery and swine repopulation challenges, Amlan aims to enhance animal health and profitability. Amlan’s innovative mineral technology promises to improve gut protection for livestock, supporting the company's expansion efforts in this key market.