earnings
confidence high
sentiment negative
materiality 0.80
Oil-Dri Q4 revenue +20% to $78M record, net income plunges 90% to $603K
Oil-Dri Corp of America
- Q4 net sales record $78.1M, up 20% YoY; net income $603K, down 90% from $5.9M.
- Full year net sales $305M (record), +8%; net income $11.1M, -41%; diluted EPS $1.57 vs $2.65.
- Severe cost inflation: domestic packaging costs +40%, natural gas +67% in Q4; resin and lumber spikes.
- B2B segment sales +13%, operating income -39%; Retail/Wholesale sales +26%, operating income swung to $3.3M profit.
- Management implemented price increases but did not keep pace with inflation; animal health trials and lightweight cat litter growth cited as positives.