ODC News & Events

The board of directors of Oil-Dri Corporation declared a 2c increase in the company's quarterly cash dividend per share of common stock. The new dividend will be 22.5c per share of the company's common stock and 16.8c per share of the company's Class B stock, an approximate 10% increase for both classes of stock. The cash dividends will be payable on August 21 to stockholders of record at the close of business on August 7. The board of directors also authorized the repurchase of up to 500,000 shares of common stock. These shares are in addition to the 172,261 shares of common stock and 208,197 shares of Class B stock available for repurchase as of April 30 under prior authorizations from the board of directors.

Reports Q2 revenue $117.38M vs. $116.91M last year. Daniel Jaffee, president and CEO, stated, "Second quarter results were consistent with the expectations we set at the end of fiscal year 2025, as we faced another quarter of challenging year-over-year comparisons. Additionally, a severe weather event temporarily disrupted operations at several of our plants and delayed shipments at the end of the quarter, resulting in an expected meaningful shift of revenues into the next reporting period. Even with these headwinds, we delivered the highest second quarter consolidated net sales in our history, boosted by the strength of our agricultural and cat litter businesses. I am incredibly proud of our dedicated teammates who helped us navigate the winter storm and achieve full operational recovery. Our strategic priorities remain firmly on track, as we continue advancing key initiatives across the organization to support long-term growth. Our confidence in our business remains strong and is reflected in the repurchase of over 150,000 shares year-to-date. At this point in time, we are tracking to our annual plan. To the extent we are able continue this trend, we anticipate that we will surpass last year's annual net income."