Buy Or Sell Opportunity • Jun 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to US$98.59. The fair value is estimated to be US$81.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Jun 09
Third quarter 2026 earnings released: EPS: US$1.05 (vs US$0.80 in 3Q 2025) Third quarter 2026 results: EPS: US$1.05 (up from US$0.80 in 3Q 2025). Revenue: US$126.3m (up 9.4% from 3Q 2025). Net income: US$14.5m (up 31% from 3Q 2025). Profit margin: 12% (up from 9.6% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 07
Dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 7th August 2026 Payment date: 21st August 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Live News • Jun 06
Oil-Dri Extends Dividend Growth Streak and Announces Share Buyback Plan Oil-Dri Corporation of America increased its quarterly cash dividend per share by 2 cents for both Common and Class B stock, which the company says is about a 10% rise.
This marks the 23rd consecutive year of dividend growth for Oil-Dri.
The Board of Directors also approved the repurchase of up to 500,000 shares of Common Stock, in addition to the shares already authorized for buyback.
A longer dividend growth streak combined with a fresh buyback authorization indicates a continued focus on returning capital to shareholders through both income and potential reduction of share count.
You should still weigh these capital return moves against Oil-Dri’s earnings, cash flow and balance sheet trends, which are not detailed here, to assess how sustainable this approach might be for your own time horizon. Announcement • Jun 04
Oil-Dri Corporation of America Increases Quarterly Cash Dividends on Common Stock and Class B Stock, Payable August 21, 2026 The Board of Directors of Oil-Dri Corporation of America declared a two-cent increase in the Company’s quarterly cash dividend per share of Common Stock, marking the 23rd consecutive year of dividend growth. The new dividend will be $0.225 per share of the Company’s Common Stock and $0.168 per share of the Company’s Class B Stock, an approximate 10% increase for both classes of stock. Oil-Dri has paid cash dividends continuously each year since 1974, demonstrating the Company’s sustained fiscal strength and disciplined capital management over time. The cash dividends will be payable on August 21, 2026 to stockholders of record at the close of business on August 7, 2026. Upcoming Dividend • May 01
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.1%). Declared Dividend • Mar 16
Dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 8th May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Mar 16
Independent Director recently sold US$383k worth of stock On the 13th of March, Paul Hindsley sold around 6k shares on-market at roughly US$63.90 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Reported Earnings • Mar 12
Second quarter 2026 earnings released: EPS: US$0.90 (vs US$0.89 in 2Q 2025) Second quarter 2026 results: EPS: US$0.90 (up from US$0.89 in 2Q 2025). Revenue: US$117.7m (flat on 2Q 2025). Net income: US$12.6m (up 2.0% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 20 February 2026. Payment date: 06 March 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (2.7%). Declared Dividend • Dec 14
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 20th February 2026 Payment date: 6th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 10
First quarter 2026 earnings released: EPS: US$1.06 (vs US$1.13 in 1Q 2025) First quarter 2026 results: EPS: US$1.06 (down from US$1.13 in 1Q 2025). Revenue: US$120.5m (down 5.8% from 1Q 2025). Net income: US$14.7m (down 5.3% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 07 November 2025. Payment date: 21 November 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (2.9%). Recent Insider Transactions • Oct 22
VP of Agriculture recently sold US$238k worth of stock On the 20th of October, W. Robey sold around 4k shares on-market at roughly US$59.18 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1m more than they bought in the last 12 months. Declared Dividend • Oct 12
Fourth quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 7th November 2025 Payment date: 21st November 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 10
Full year 2025 earnings released: EPS: US$3.00 (vs US$2.72 in FY 2024) Full year 2025 results: EPS: US$3.00 (up from US$2.72 in FY 2024). Revenue: US$485.6m (up 11% from FY 2024). Net income: US$54.0m (up 45% from FY 2024). Profit margin: 11% (up from 8.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 09
Oil-Dri Corporation of America Declares Quarterly Dividends on Common Stock and on Class B Stock, Payable on November 21, 2025 The Board of Directors of Oil-Dri Corporation of America declared quarterly cash dividends of $0.18 per share of the Company’s Common Stock and $0.135 per share of the Company’s Class B Stock. The cash dividends will be payable on November 21, 2025 to stockholders of record at the close of business on November 7, 2025. Oil-Dri has paid cash dividends continuously each year since 1974 and has increased dividends annually for twenty-two consecutive years. Announcement • Sep 04
Oil-Dri Corporation of America to Report Q4, 2025 Results on Oct 09, 2025 Oil-Dri Corporation of America announced that they will report Q4, 2025 results After-Market on Oct 09, 2025 Upcoming Dividend • Aug 01
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 22 August 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Jul 22
Insider recently sold US$154k worth of stock On the 21st of July, Christopher Lamson sold around 3k shares on-market at roughly US$61.75 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$874k more than they bought in the last 12 months. Recent Insider Transactions • Jun 22
Independent Director recently sold US$140k worth of stock On the 20th of June, Ellen-Blair Chube sold around 3k shares on-market at roughly US$55.83 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$149k. Insiders have been net sellers, collectively disposing of US$720k more than they bought in the last 12 months. Declared Dividend • Jun 08
Dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 8th August 2025 Payment date: 22nd August 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 06
Third quarter 2025 earnings released: EPS: US$0.84 (vs US$0.54 in 3Q 2024) Third quarter 2025 results: EPS: US$0.84 (up from US$0.54 in 3Q 2024). Revenue: US$115.5m (up 8.2% from 3Q 2024). Net income: US$11.6m (up 58% from 3Q 2024). Profit margin: 10% (up from 6.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 60% per year. Announcement • Jun 05
Oil-Dri Corporation of America Declares Quarterly Cash Dividend on Common Stock and on Class B Stock, Payable on August 22, 2025 The Board of Directors of Oil-Dri Corporation of America declared a two and a half-cent increase in the Company’s quarterly cash dividend per share of Common Stock, marking the 22nd consecutive year of dividend growth. The approved dividends will be $0.18 per share of the Company’s Common Stock and $0.135 per share of the Company’s Class B Stock, an approximate 16% increase for both classes of stock. The cash dividends will be payable on August 22, 2025 to stockholders of record at the close of business on August 8, 2025. Upcoming Dividend • May 02
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Apr 23
Independent Director recently sold US$149k worth of stock On the 21st of April, Ellen-Blair Chube sold around 4k shares on-market at roughly US$42.51 per share. This trade did not impact their existing holding. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$678k more than they bought in the last 12 months. Announcement • Mar 18
Oil-Dri Corporation of America Appoints Jonathan Blake as Corporate Controller and Principal Accounting Officer Oil-Dri Corporation of America announced that effective 17 March 2025, Jonathan Blake has been appointed as Corporate Controller and will serve as the Company’s principal accounting officer. Mr. Blake will report directly to Susan M. Kreh, Chief Financial Officer and Chief Information Officer. In this role, Mr. Blake will lead the accounting and tax functions across the organization and will play a crucial role in supporting the growth of Oil-Dri. Mr. Blake brings over 25 years of experience in accounting and finance to the Company, with expertise in SEC reporting, SOX compliance, technical accounting, and financial system implementation. Prior to joining Oil-Dri, Mr. Blake served as the Global Corporate Controller at Videojet Technologies Inc., where he has successfully led the global accounting and finance operations since 2018. Before this, Mr. Blake assumed the role of Global Corporate Controller &North America Finance Director at Optimas OE Solutions Holdings from 2015 to 2018. Earlier in his career, he held senior management positions in external reporting, compliance, and sales internal controls at Kraft Foods from 2009-2015. Mr. Blake spent over 11 years in public accounting and assumed positions of increasing responsibility at Deloitte &Touche, where he began his career in 1998. Mr. Blake holds a Bachelor of Business Administration in Accounting from the College of William and Mary. Declared Dividend • Mar 16
Dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 12
Second quarter 2025 earnings released: EPS: US$0.89 (vs US$0.85 in 2Q 2024) Second quarter 2025 results: EPS: US$0.89 (up from US$0.85 in 2Q 2024). Revenue: US$116.9m (up 11% from 2Q 2024). Net income: US$12.3m (up 5.5% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Announcement • Mar 11
Oil-Dri Corporation of America to Showcase Innovative Lightweight Cat Litter Products at 2025 Global Pet Expo Oil-Dri Corporation of America will be exhibiting at the 2025 Global Pet Expo, taking place March 26-28 at the Orange County Convention Center in Orlando, Florida. Attendees are invited to visit Oil-Dri at Booth 2020 to explore their innovative brands, including Cat's Pride®?, Jonny Cat®?, and Ultra®? as well as private label opportunities. As pioneers in lightweight litter innovation, Oil-Dri is dedicated to delivering high-performing lightweight products that meet the needs of both retailers and consumers. Under the leadership of third-generation President and Chief Executive Officer, Daniel S. Jaffee, Oil-Dri continues to break boundaries in product development, consistently focusing on improving the lives of cats and their owners. After acquiring crystal cat litter supplier Ultra Pet Company Inc. in 2024, Oil-Dri now offers Cat’s Pride Micro Crystal Litter which instantly absorbs moisture and controls odors for up to 30 days, providing consumers with the ultimate in convenience. Additionally, Oil-Dri’s latest innovations include Cat’s Pride Antibacterial Clumping Litter – the first and only EPA-approved antibacterial litter in the U.S. that kills 99.9% of odor-causing bacteria for a cleaner, more sanitary litter box. Jonny Cat continues to offer high-performance, cost-effective non-clumping litters and litter box liners for everyday use. Oil-Dri remains committed to sustainability and environmental responsibility in producing innovative, quality products that will benefit both cat owners and the environment. Its lightweight cat litter products are lighter than traditional heavy scoopable clay litters, enabling it to load nearly twice as many lightweight units on a truck, reducing the number of trucks on the road. This efficiency helps reduce the carbon footprint associated with transportation, furthering its dedication to a healthier planet. Oil-Dri’s booth at the 2025 Global Pet Expo will showcase the full range of Cat’s Pride, Jonny Cat, and Ultra products. Whether a retailer or a consumer, Oil-Dri has everything need to make cat’s litter experience better. Stop by Booth 2020 to chat with its team, learn about its latest innovations, and discover how it can help meet the needs of customers. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 21 February 2025. Payment date: 07 March 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.4%). Recent Insider Transactions • Jan 26
Insider recently sold US$171k worth of stock On the 23rd of January, Christopher Lamson sold around 4k shares on-market at roughly US$42.69 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$947k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to US$87.14, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 25x in the Household Products industry in the US. Total returns to shareholders of 211% over the past three years. Declared Dividend • Dec 15
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 21st February 2025 Payment date: 7th March 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 12
Oil-Dri Corporation of America to Report Q2, 2025 Results on Mar 11, 2025 Oil-Dri Corporation of America announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 11, 2025 Reported Earnings • Dec 10
First quarter 2025 earnings released: EPS: US$2.37 (vs US$1.68 in 1Q 2024) First quarter 2025 results: EPS: US$2.37 (up from US$1.68 in 1Q 2024). Revenue: US$127.9m (up 15% from 1Q 2024). Net income: US$16.4m (up 44% from 1Q 2024). Profit margin: 13% (up from 10% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 22 November 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.6%). Announcement • Oct 30
Oil-Dri Corporation of America to Report Q1, 2025 Results on Dec 09, 2024 Oil-Dri Corporation of America announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Dec 09, 2024 Recent Insider Transactions • Oct 22
Chief Legal Officer recently sold US$173k worth of stock On the 18th of October, Laura Scheland sold around 3k shares on-market at roughly US$69.27 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$759k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Oct 21
Chief Legal Officer notifies of intention to sell stock Laura Scheland intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of October. If the sale is conducted around the recent share price of US$70.47, it would amount to US$176k. Since December 2023, Laura has owned 17.84k shares directly. Company insiders have collectively sold US$586k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Oct 13
Fourth quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 8th November 2024 Payment date: 22nd November 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 11
Full year 2024 earnings released: EPS: US$5.43 (vs US$4.13 in FY 2023) Full year 2024 results: EPS: US$5.43 (up from US$4.13 in FY 2023). Revenue: US$437.6m (up 5.9% from FY 2023). Net income: US$37.3m (up 33% from FY 2023). Profit margin: 8.5% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Sep 12
Oil-Dri Corporation of America to Report Q4, 2024 Results on Oct 10, 2024 Oil-Dri Corporation of America announced that they will report Q4, 2024 results on Oct 10, 2024 Upcoming Dividend • Aug 02
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 09 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.5%). Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Patti Schmeda was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 19
Independent Lead Director recently sold US$98k worth of stock On the 17th of June, George Roeth sold around 2k shares on-market at roughly US$65.00 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$417k. Insiders have been net sellers, collectively disposing of US$586k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$69.36, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 25x in the Household Products industry in the US. Total returns to shareholders of 116% over the past three years. Reported Earnings • Jun 07
Third quarter 2024 earnings released: EPS: US$1.13 (vs US$1.26 in 3Q 2023) Third quarter 2024 results: EPS: US$1.13 (down from US$1.26 in 3Q 2023). Revenue: US$106.8m (up 1.3% from 3Q 2023). Net income: US$7.78m (down 8.9% from 3Q 2023). Profit margin: 7.3% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jun 06
Oil-Dri Corporation of America Increases Quarterly Cash Dividends, Payable on August 23, 2024 The Board of Directors of Oil-Dri Corporation of America declared quarterly cash dividends of $0.31 per share of the Company’s Common Stock and $0.233 per share of the Company’s Class B Stock, an approximate 7% increase for both classes of stock. The dividends declared will be payable on August 23, 2024 to stockholders of record at the close of business on August 9, 2024. Announcement • May 23
Oil-Dri Corporation of America to Report Q3, 2024 Results on Jun 06, 2024 Oil-Dri Corporation of America announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Jun 06, 2024 Announcement • May 03
Oil-Dri Corporation of America (NYSE:ODC) completed the acquisition of Ultra Pet, Inc. Oil-Dri Corporation of America (NYSE:ODC) entered into a definitive agreement to acquire Ultra Pet, Inc. for $46 million on April 16, 2024. The Transaction is not subject to any financing condition or contingency, and Oil-Dri expects to fund the Purchase Price with cash on hand, the BMO Bank N.A. Advance and through the issuance of up to $10 million in aggregate principal amount of notes pursuant to the shelf facility provisions of Oil-Dri's existing Amended and Restated Note Purchase and Private Shelf Agreement, dated as of May 15, 2020, with PGIM, Inc. and certain existing noteholders affiliated with Prudential named therein, as amended. Ultra Pet reported annual net sales of approximately $24 million. The transaction is subject to customary closing conditions. The board of directors of Oil-Dri and the managers of Ultra Pet’s parent company have unanimously approved the transaction. The transaction is expected to close in Oil-Dri’s fourth quarter of fiscal year 2024. Todd Davidson of Maynard Nexsen PC acted as legal advisor to Ultra Pet and Michael A. Nemeroff of Vedder Price P.C. acted as legal advisor to Oil-Dri.
Oil-Dri Corporation of America (NYSE:ODC) completed the acquisition of Ultra Pet, Inc. on May 1, 2024. The transaction was financed through a combination of cash-on-hand and Oil-Dri’s existing credit facilities. A portion of the Purchase Price was financed through a $10 million advance under the Company’s existing credit facility, as amended, with BMO Bank N.A., and through the issuance of $10 million in aggregate principal amount of 6.47% Series D Senior Notes due April 30, 2033 pursuant to the shelf facility provisions of the Company’s existing Amended and Restated Note Purchase and Private Shelf Agreement, as amended, with PGIM, Inc. (“Prudential”) and certain existing noteholders affiliated with Prudential. Announcement • Apr 17
Oil-Dri Corporation of America (NYSE:ODC) entered into a definitive agreement to acquire Ultra Pet, Inc. for $46 million. Oil-Dri Corporation of America (NYSE:ODC) entered into a definitive agreement to acquire Ultra Pet, Inc. for $46 million on April 16, 2024. The Transaction is not subject to any financing condition or contingency, and Oil-Dri expects to fund the Purchase Price with cash on hand, the BMO Bank N.A. Advance and through the issuance of up to $10 million in aggregate principal amount of notes pursuant to the shelf facility provisions of Oil-Dri's existing Amended and Restated Note Purchase and Private Shelf Agreement, dated as of May 15, 2020, with PGIM, Inc. and certain existing noteholders affiliated with Prudential named therein, as amended. Ultra Pet reported annual net sales of approximately $24 million. The transaction is subject to customary closing conditions. The board of directors of Oil-Dri and the managers of Ultra Pet’s parent company have unanimously approved the transaction. The transaction is expected to close in Oil-Dri’s fourth quarter of fiscal year 2024. Todd Davidson of Maynard Nexsen PC acted as legal advisor to Ultra Pet and Michael A. Nemeroff of Vedder Price P.C. acted as legal advisor to Oil-Dri. Recent Insider Transactions • Mar 22
Vice President of Operations recently sold US$417k worth of stock On the 20th of March, Aaron Christiansen sold around 6k shares on-market at roughly US$69.58 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Aaron has been a net seller over the last 12 months, reducing personal holdings by US$488k. Reported Earnings • Mar 08
Second quarter 2024 earnings released: EPS: US$1.81 (vs US$0.57 in 2Q 2023) Second quarter 2024 results: EPS: US$1.81 (up from US$0.57 in 2Q 2023). Revenue: US$105.7m (up 3.9% from 2Q 2023). Net income: US$12.4m (up 221% from 2Q 2023). Profit margin: 12% (up from 3.8% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Mar 07
Oil-Dri Corporation of America Declares Quarterly Cash Dividends, Payable on May 24, 2024 The Board of Directors of Oil-Dri Corporation of America declared quarterly cash dividends of $0.29 per share of the Company’s Common Stock and $0.218 per share of the Company’s Class B Stock. The dividends will be payable on May 24, 2024 to stockholders of record at the close of business on May 10, 2024. Upcoming Dividend • Feb 16
Upcoming dividend of US$0.29 per share at 1.7% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 08 March 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.5%). Recent Insider Transactions • Jan 18
Vice President of Operations recently sold US$71k worth of stock On the 16th of January, Aaron Christiansen sold around 1k shares on-market at roughly US$66.31 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Aaron's only on-market trade for the last 12 months. Reported Earnings • Dec 13
First quarter 2024 earnings released: EPS: US$1.58 (vs US$0.78 in 1Q 2023) First quarter 2024 results: EPS: US$1.58 (up from US$0.78 in 1Q 2023). Revenue: US$111.4m (up 13% from 1Q 2023). Net income: US$10.7m (up 105% from 1Q 2023). Profit margin: 9.6% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Oil-Dri Corporation of America Unveils Cat's Pride Antibacterial Clumping Litter Oil-Dri Corporation of America to unveil their newest innovation – Cat's Pride Antibacterial Clumping Litter. The litter is the first and only antibacterial litter in the U.S. that kills 99.9% of odor-causing bacteria making for a clean litter box and a more sanitary home. Consumer testing has shown that having antibacterial properties in litter is highly beneficial to cat parents since bacteria in the litter box can easily cause malodors and can be tracked throughout the home. To address this problem, scientists, specialists, and microbiologists spent time researching and collaborating to develop Cat's Pride Antibacterial Clumping Litter. The finished product is a one-of-a-kind litter formulated using a special clay plus a natural odor-fighting antibacterial ingredient. This unique antibacterial litter eliminates odor-causing bacteria in the litter box before it can spread throughout the home. Additionally, by targeting the direct source of the odor, the litter delivers long-lasting odor control resulting in a more sanitary home that both you and your cat can be proud of. Not only is it good for your home, it's also good for animal shelters across the country. Through Cat's Pride's Litter for Good® program, every jug sold donates a pound of litter to animal shelters in need. Announcement • Oct 18
Amlan International Welcomes Dr. Cesar A. Coto as Technical Services Director Amlan International, the animal health business of Oil-Dri® Corporation of America announced the appointment of Dr. Cesar Coto, a distinguished industry expert, as the newest addition to its team. Dr. Coto will assume the role of Technical Services Director, LATAM, a position vital to supporting customers in Mexico, Central America, South America, and the Caribbean. His appointment underscores Amlan's commitment to delivering reliable technical support and natural solutions to its valued customers. In his role as Director of Technical Services LATAM, Dr. Coto will provide a range of technical and commercialsupport. His responsibilities will encompass addressing customer inquiries, assisting with product applications,and ensuring seamless integration of Amlan's products. Dr. Coto will work closely with the Amlan team todeliver customized feed additive programs tailored to the unique needs of producers. Dr. Coto’s expertise makes him well-equipped to provide technical service of the caliber. Most recently, he spent thirteen years as Manager of Technical Service for Mexico, Central America, and the Caribbean at a major poultry breeding company. During this time, he demonstrated his ability to direct technical complexities and build strong customer relationships across the region. His dedication to serving customers and delivering results has consistently set him apart in the industry. Dr. Coto’s educational background has provided a foundation for his success in the industry. He holds a Master of Science in Poultry Science, a Master of Science in Agribusiness, and a Doctor of Philosophy in Poultry Nutrition, all from the University of Arkansas. Reported Earnings • Oct 13
Full year 2023 earnings released: EPS: US$4.13 (vs US$0.82 in FY 2022) Full year 2023 results: EPS: US$4.13 (up from US$0.82 in FY 2022). Revenue: US$413.0m (up 19% from FY 2022). Net income: US$28.0m (up 394% from FY 2022). Profit margin: 6.8% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. 
