Oil-Dri reports record Q1: net sales $127.9M (+15%), EPS $2.25 (+50%); stockholders approve 2-for-1 stock split

Oil-Dri Corp of America

Net income $16.4M, up 52% from $10.7M; diluted EPS $2.25 vs $1.50 a year ago.
B2B segment sales $48.4M (+24%), operating income $17.1M (+54%); Retail & Wholesale sales $79.5M (+10%), operating income $13.4M (+18%).
Stockholders approved amendment to increase authorized common shares from 15M to 30M to effect 2-for-1 stock split via stock dividend; record date Dec 20, 2024, distribution expected Jan 3, 2025.
Quarterly cash dividend declared: $0.155 per common share and $0.1165 per Class B share, payable Mar 7, 2025 to holders of record Feb 21, 2025.
Dividend amount adjusted for stock split; Oil-Dri has paid cash dividends each year since 1974 and increased annually for 21 consecutive years.

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