Oil-Dri Corporation of America (ODC) 1st quarter year 2026 Financial Results Summary
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Oil-Dri Corporation of America (ODC) Q1 2026 Financial Results Summary
The financial results for Oil-Dri Corporation of America (NYSE: ODC) were released on December 8, 2025, showcasing the company’s performance for the first quarter of fiscal year 2026.
Key Financial Metrics:
- Net Sales:
- Q1 2026: $120.5 million
- Q1 2025: $127.9 million
-
Change: decreased by 6%
-
Income from Operations:
- Q1 2026: $17.0 million
- Q1 2025: $21.2 million
-
Change: decreased by 20%
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Net Income:
- Q1 2026: $15.5 million
- Q1 2025: $16.4 million
-
Change: decreased by 6%
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EBITDA:
- Q1 2026: $23.6 million
- Q1 2025: $26.2 million
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Change: decreased by 10%
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Diluted EPS:
- Q1 2026: $1.06
- Q1 2025: $1.13
- Change: decreased by 6%
Segment Breakdown
- Business to Business (B2B) Products:
- Net Sales:
- Q1 2026: $44.3 million
- Q1 2025: $48.4 million
- Change: decreased by 9%
-
Operating Income:
- Q1 2026: $13.6 million
- Q1 2025: $17.1 million
- Change: decreased by 20%
-
Retail and Wholesale (R&W) Products:
- Net Sales:
- Q1 2026: $76.2 million
- Q1 2025: $79.5 million
- Change: decreased by 4%
- Operating Income:
- Q1 2026: $12.4 million
- Q1 2025: $13.4 million
- Change: decreased by 7%
Cost and Income Analysis
- Gross Profit:
- Q1 2026: $35.5 million
- Q1 2025: $40.8 million
- Change: decreased by 13%
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Gross Margin: 29.5% (Q1 2026) vs. 31.9% (Q1 2025)
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SG&A Expenses:
- Q1 2026: $18.5 million
- Q1 2025: $19.6 million
-
Change: decreased by 5%
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Other Income:
- Q1 2026: $700,000
- Q1 2025: $1.0 million expense
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Change: Significant improvement, $1.7 million gain driven by a legal settlement.
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Income Tax Expense:
- Q1 2026: $2.2 million
- Q1 2025: $3.8 million
- Change: reduction reflects discrete items.
Cash Flow and Shareholder Returns
- Cash and Cash Equivalents:
- Q1 2026: $42.4 million
- End of FY 2025: $50.5 million
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Notable cash uses included capital investments, corporate bonuses, share repurchases, and dividends paid.
-
Dividends Paid:
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$2.4 million in Q1 2026 compared to $2.1 million in Q1 2025.
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Share Repurchases:
- Approximately $7.0 million for Q1 2026.
Strategic Highlights
- Oil-Dri achieved the second-highest quarterly gross profit and net income results in company history, despite year-over-year challenges.
- Continued execution of growth strategies, investment in product portfolio, and strong operational capabilities.
- Agricultural products division reported record sales, driven by increased demand for premium products, even as other segments faced declines.
Summary Commentary
Daniel S. Jaffee, President and CEO, emphasized that despite the decline in some areas compared to record performance last year, Oil-Dri maintained strong fundamentals and momentum in several key sectors. The company remains focused on long-term growth strategies and shareholder value.
The next earnings discussion will be held virtually on December 9, 2025. Visit the company’s website for more details on participation.
| CONSOLIDATED STATEMENTS OF OPERATIONS | Three Months Ended October 31, | 2025 | % of Sales | 2024 | % of Sales | |
|---|---|---|---|---|---|---|
| Net Sales | $ | 120,486 | 100.0% | $ | 127,945 | 100.0% |
| Cost of Goods Sold | – | 84,991 | -70.5% | – | 87,165 | -68.1% |
| Gross Profit | 35,495 | 29.5% | 40,780 | 31.9% | ||
| Selling, General and Administrative Expenses | – | 18,541 | -15.4% | – | 19,590 | -15.3% |
| Income from Operations | 16,954 | 14.1% | 21,190 | 16.6% | ||
| Other Income (Expense), Net | 720 | 0.6% | -988 | -0.8% | ||
| Income Before Income Taxes | 17,674 | 14.7% | 20,202 | 15.8% | ||
| Income Taxes Expense | – | 2,218 | -1.8% | – | 3,826 | -3.0% |
| Net Income | 15,456 | 12.8% | 16,376 | 12.8% | ||
| Net Income Per Share: Basic Common | $ | 1.14 | $ | 1.21 | ||
| Basic Class B | $ | 0.86 | $ | 0.91 | ||
| Diluted Common | $ | 1.06 | $ | 1.13 | ||
| Diluted Class B | $ | 0.86 | $ | 0.91 | ||
| Avg Shares Outstanding: Basic Common | 9,919 | 9,844 | ||||
| Basic Class B | 4,008 | 3,967 | ||||
| Diluted Common | 13,927 | 13,811 | ||||
| Diluted Class B | 4,008 | 3,967 |
Note all prior period share and per-share data has been updated to reflect the 2-for-1 stock-split in January 2025.
| CONSOLIDATED BALANCE SHEETS | As of October 31, | 2025 | As of July 31, | 2025 |
|---|---|---|---|---|
| Current Assets | Cash and Cash Equivalents | $42,384 | $ | 50,458 |
| Accounts Receivable, Net | 66,469 | 69,370 | ||
| Inventories, Net | 56,645 | 51,594 | ||
| Prepaid Expenses and Other Assets | 4,578 | 5,961 | ||
| Total Current Assets | 170,076 | 177,383 | ||
| Property, Plant and Equipment, Net | 148,680 | 149,704 | ||
| Other Assets | 61,967 | 64,590 | ||
| Total Assets | $380,723 | $ | 391,677 | |
| Current Liabilities | Current Maturities of Notes Payable | $1,000 | $ | 1,000 |
| Accounts Payable | 13,945 | 16,808 | ||
| Dividends Payable | 2,434 | 2,444 | ||
| Other Current Liabilities | 33,507 | 48,935 | ||
| Total Current Liabilities | 50,886 | 69,187 | ||
| Noncurrent Liabilities | Long-term debt | 38,827 | 38,817 | |
| Other Noncurrent Liabilities | 24,483 | 24,613 | ||
| Total Noncurrent Liabilities | 63,310 | 63,430 | ||
| Stockholders’ Equity | 266,527 | 259,060 | ||
| Total Liabilities and Stockholders’ Equity | $380,723 | $ | 391,677 | |
| Book Value Per Share Outstanding | $19.14 | $ | 18.76 |
Note all prior period share and per-share data has been updated to reflect the 2-for-1 stock-split in January 2025.