Q3 2026 Oil-Dri Corporation of America Earnings Call Transcript

Jun 9, 2026 / 03:00 PM GMT

Release Date Price: $98.59 (+17.38%)

Transcript 8-K10-Q

Key Points

Positve

Oil-Dri Corp of America (ODC) reported a 9% increase in net sales for the third quarter compared to the same period last year, driven by strong demand in both retail and business-to-business segments.
The company experienced significant growth in cat litter sales, with a 13% increase over the previous year, particularly in lightweight and crystal products.
Income from operations increased by 23% year-over-year, supported by top-line growth and a reduction in selling, general, and administrative costs.
Strong cash generation was highlighted, with $25 million of net cash provided by operating activities during the fiscal third quarter.
The board of directors announced a 10% increase in the dividend, reflecting confidence in the sustainability of cash flow generation.

Negative

Oil-Dri Corp of America (ODC) faced cost pressures on gross margins, with a 190 basis point reduction compared to the previous year, due to increased costs in materials, labor, packaging, and transportation.
Domestic cost per ton of goods sold increased by 6% year-over-year, impacting profitability.
The company is experiencing elevated promotional activity and competitive pricing pressure in the cat litter category.
There was a slight decline in sales of fluid purification products, attributed to the quality of last year's crop, which required less clay for processing.
The company continues to face challenges in regaining a key account in the Amlin business, although progress has been made in expanding the customer base.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ODC.N - Oil-Dri Corporation of America
Q3 2026 Oil-Dri Corporation of America Earnings Call
Jun 09, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Oil Dry Corporation of America Q3 fiscal 2026 earnings discussion via webcast. At this time, all participants are in a listen-only mode.

Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question-and-answer session. I would now like to hand the conference over to your speaker today, Dan Jaffe, President and CEO.

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Unidentified_2 [2]
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Thank you and welcome everyone. Before we get started, I'd like to introduce who

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