secwatch.observer — SEC 8-K summary
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Issuer:     Oil-Dri Corp of America (ODC)
CIK:        0000074046
Form:       8-K
Filed at:   2022-03-11T23:59:59+00:00
Accession:  0000074046-22-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil-Dri Q2 sales up 17% to record $87.2M but net income falls 53% on inflation headwinds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74046/000007404622000023/0000074046-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74046/000007404622000023/odc-20220311.htm
  HTML page:      https://secwatch.observer/filing/0000074046-22-000023

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