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.
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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.
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On October 12, 2022, Oil-Dri Corporation of America (NYSE: ODC) declared quarterly cash dividends of $0.28 per share for Common Stock and $0.21 for Class B Stock, payable on November 25, 2022. The record date for stockholders is November 11, 2022. Oil-Dri has consistently paid cash dividends since 1974, raising them annually for 19 consecutive years. The company plans to release its fiscal Q1 earnings on December 6, 2022, and will hold a virtual earnings discussion on December 7, 2022.
Oil-Dri Corporation of America (NYSE: ODC) reported strong fourth quarter results with net sales reaching $93.2 million, a 19% increase year-over-year, and a consolidated net income of $5.2 million, up 762%. For the fiscal year 2022, total net sales hit $348.6 million, a 14% rise, while net income attributable to the company fell by 49% to $5.7 million due to a $5.6 million goodwill impairment charge. Despite inflationary pressures, the company showed growth in its cat litter and fluids purification segments, and announced a dividend increase for the 19th consecutive year, underlining its commitment to shareholder returns.
Oil-Dri Corporation's animal health business, Amlan International, is set to showcase its natural mineral-based feed additives at two major expos in China: the China Feed Expo from September 22-24 and the China Animal Husbandry Expo (CAHE) from September 27-29. Amlan emphasizes the benefits of its products, such as Calibrin-Z and Varium, which support animal health and productivity without antibiotics. Harold Zhou will discuss sustainable agriculture at CAHE. Amlan aims to strengthen its presence in China, enhancing its technical service team and addressing the needs of local producers.
Amlan International, part of Oil-Dri of America, is set to participate in the China Dairy Expo 2022 from September 5-7, 2022, in Ji’Nan, China. This expo is the largest dairy production event in China, with over 600 companies expected to attend. Amlan aims to support the growing dairy industry in China by promoting its product Calibrin-Z, a biotoxin binder that enhances milk production and gut health in livestock. With China's dairy market expanding due to rising health awareness, Amlan's innovative solutions are positioned to meet the demand for high-quality milk.