secwatch.observer — SEC 8-K summary
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Issuer:     Oil-Dri Corp of America (ODC)
CIK:        0000074046
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0000074046-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74046/000007404624000097/0000074046-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74046/000007404624000097/odc-20241209.htm
  HTML page:      https://secwatch.observer/filing/0000074046-24-000097

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