Oil Dri Reports Q2 Earnings Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2026
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Should l Buy ODC?
Source: seekingalpha
- Earnings Per Share: Oil Dri reported a GAAP EPS of $0.87 for Q2, indicating the company's ability to maintain stable profitability, which reflects its ongoing competitiveness in the market despite limited year-over-year growth.
- Revenue Growth: The company achieved revenue of $117.74 million, marking a 0.7% increase year-over-year, which suggests that Oil Dri is managing to retain a certain market share and customer demand in the current economic climate.
- Financial Stability: Despite facing market challenges, Oil Dri's financial performance remains robust, demonstrating effective management in cost control and operational efficiency, which enhances investor confidence in its future growth prospects.
- Dividend Performance: Oil Dri's strong dividend performance further solidifies its appeal as a stable investment choice, particularly in the context of increasing economic uncertainty, attracting investors seeking reliable returns.
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About ODC
Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Its segments include Retail and Wholesale Products Group, and Business to Business Products Group. Retail and Wholesale Products Group segment's customers include mass merchandisers, the farm and fleet channel, drugstore chains, pet specialty retail outlets, dollar stores, marketers of consumer products, and others. Business to Business Products Group segment's customers include processors and refiners of edible oils, renewable diesel, petroleum-based oils and biodiesel fuel; manufacturers of animal feed and agricultural chemicals, and distributors of animal health and nutrition products. Its products include Cat's Pride, Jonny Cat, Ultra Pet, Amlan Products, Pros Choice Products, Select, Pure-Flo, Metal X/Metal Z, Ultra Clear, Agsorb and Verge.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stable Financial Performance: Oil-Dri Corp reported an EBITDA of $22 million for Q2 fiscal 2026, consistent with the same quarter last year, demonstrating the company's ability to maintain revenue stability despite external challenges.
- Strong Cash Position: As of the end of Q2 fiscal 2026, the company held $47 million in cash and cash equivalents, exceeding its $40 million in outstanding debt, indicating a healthy financial status that supports future investments and growth.
- Market Growth Potential: The agriculture and horticulture segments showed strong performance, with expectations of continued growth driven by increased planted acres and new customer acquisitions, providing a sustainable revenue source for the company.
- Operational Challenges: Despite strong performance in certain areas, the company faces short-term cost pressures due to production disruptions caused by winter storm Fern and the loss of a key account, impacting overall performance.
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- Earnings Per Share: Oil Dri reported a GAAP EPS of $0.87 for Q2, indicating the company's ability to maintain stable profitability, which reflects its ongoing competitiveness in the market despite limited year-over-year growth.
- Revenue Growth: The company achieved revenue of $117.74 million, marking a 0.7% increase year-over-year, which suggests that Oil Dri is managing to retain a certain market share and customer demand in the current economic climate.
- Financial Stability: Despite facing market challenges, Oil Dri's financial performance remains robust, demonstrating effective management in cost control and operational efficiency, which enhances investor confidence in its future growth prospects.
- Dividend Performance: Oil Dri's strong dividend performance further solidifies its appeal as a stable investment choice, particularly in the context of increasing economic uncertainty, attracting investors seeking reliable returns.
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- Dividend Increase: Oil-Dri Corporation has declared a 2.5-cent increase in its quarterly cash dividend to $0.205 per share, representing a 14% rise over the previous quarter, reflecting the company's strong financial foundation and cash position.
- Ongoing Returns: This marks the second dividend increase in 2025, demonstrating the company's confidence in its long-term outlook and reinforcing its commitment to delivering sustained value to shareholders.
- Historical Performance: Oil-Dri has paid cash dividends continuously since 1974 and has increased dividends annually for 22 consecutive years, showcasing its stable profitability and shareholder return strategy.
- Future Outlook: The company will release its second-quarter fiscal year 2026 performance on March 11, 2026, followed by a live webcast discussion on March 12, which is expected to further enhance investor confidence and attract more attention.
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- Dividend Increase: Oil-Dri Corporation has raised its quarterly cash dividend to $0.205 per share, reflecting a 14% increase over the previous quarter, which underscores the company's solid financial foundation and boosts shareholder confidence.
- Consistent Dividend Record: This marks the second dividend increase in 2025, with Oil-Dri having paid cash dividends continuously since 1974, demonstrating its long-term profitability and commitment to shareholders.
- Future Outlook: The company plans to release its second-quarter fiscal year 2026 performance report on March 11, 2026, and will host a live webcast discussion on March 12, enhancing investor interest in the company's future developments.
- Management Confidence: CEO Daniel S. Jaffee stated that the dividend increase reflects the company's strong cash position and confidence in long-term growth, aiming to deliver sustained value to shareholders.
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Profit Decline: Oil-Dri Corp Of America reported a second-quarter profit of $15.46 million, down from $16.38 million in the same period last year.
Earnings Per Share: The earnings per share (EPS) decreased to $1.06 from $1.13 year-over-year.
Revenue Drop: The company's revenue fell by 5.8%, totaling $120.49 million compared to $127.95 million in the previous year.
Financial Overview: Key financial figures include earnings of $15.46 million, EPS of $1.06, and revenue of $120.49 million for the quarter.
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- Sales Decline: Oil-Dri's Q1 net sales reached $120.5 million, reflecting a 6% year-over-year decrease primarily due to reduced volumes in fluids purification and cat litter, indicating market challenges faced by the company.
- Operating Income Drop: The company reported operating income of $16.95 million for Q1, a 20% decline year-over-year, although it showed an 8% sequential increase, highlighting efforts in cost control amidst declining sales.
- EBITDA Reduction: Q1 EBITDA totaled $23.64 million, down 10% from the previous year but up 11% sequentially, indicating ongoing improvements in profitability despite the overall decline.
- Cash Flow Status: As of October 31, 2025, cash and cash equivalents stood at $42.4 million, an 8.1% decrease year-over-year, primarily used for capital investments and shareholder returns, reflecting the company's balance between investment and return strategies.
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