earnings
confidence high
sentiment negative
materiality 0.75
Oil-Dri Q2 sales up 17% to record $87.2M but net income falls 53% on inflation headwinds
Oil-Dri Corp of America
- Net sales $87.2M (+17% YoY); net income $2.0M (-53%), EPS $0.28 (-54%).
- B2B segment sales record $32.6M (+24%); fluids purification and ag drove growth; operating income $7.6M (+7%).
- Retail & Wholesale sales record $54.6M (+13%) but operating income collapsed 71% to $0.9M due to cost inflation.
- Gross margin fell to 18% from 22%; domestic cost of goods sold per ton up 13% from resin, natural gas, freight costs.
- Issued $25M Series C Senior Notes (10-year) and repurchased 113,236 shares for $3.9M in Q2.