earnings
confidence high
sentiment neutral
materiality 0.55
Oil-Dri Q3 net sales up 1% to $106.8M, EPS $1.07 (-14% YoY); raises dividend 7% to $0.31/share
Oil-Dri Corp of America
- Q3 net sales $106.8M (+1% YoY), net income $7.8M (-9%), diluted EPS $1.07 (-14%).
- Nine-month net sales $323.9M (+6%), net income $30.9M (+75%), EPS $4.26 (+65%).
- Adjusted EPS (excl. nonrecurring) Q3 $1.07 vs $1.94 (-45%); nine-month $4.32 vs $3.57 (+21%).
- B2B segment operating income $10.6M (+8%); Retail/Wholesale $10.9M (+1%).
- Quarterly dividend raised to $0.31/share common ($0.233 Class B), a 7% increase; 21st consecutive annual increase.