secwatch.observer — SEC 8-K summary
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Issuer:     Oil-Dri Corp of America (ODC)
CIK:        0000074046
Form:       8-K
Filed at:   2021-12-07T23:59:59+00:00
Accession:  0000074046-21-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil-Dri Q1 fiscal 2022: record net sales $82.5M (+8%) but net income down 85% to $585K
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- Net sales record $82.5M (+8% YoY); net income $585K (-85%); diluted EPS $0.08 vs $0.56.
- Gross margin fell to 17% from 25% due to 15% higher domestic COGS per ton; packaging +44%, natural gas +97%.
- B2B op income $6.7M (-11%); R&W op income $74K (-98%) on cost inflation despite volume gains.
- Cash down to $13M from $31M; debt $9M; repurchased 55,999 shares for $1.9M.
- Pricing actions implemented, more in Q2; supply chain hurt by labor shortage, tight trucking, ocean delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74046/000007404621000110/0000074046-21-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74046/000007404621000110/odc-20211207.htm
  HTML page:      https://secwatch.observer/filing/0000074046-21-000110

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