Net Income and Earnings - Net income for the three months ended October 31, 2023, was $10.742 million, compared to $5.230 million in the same period last year[24] - Net income for the three months ended October 31, 2023 was $10.742 million, with basic EPS of $1.61 and diluted EPS of $1.50[53] - Net income attributable to Oil-Dri increased to $10.74 million in Q3 2023 from $5.24 million in Q3 2022, a growth of 105%[83] Depreciation and Amortization - Depreciation and amortization expenses increased to $4.368 million in Q3 2023, up from $3.523 million in Q3 2022[24] Capital Expenditures - Capital expenditures for the three months ended October 31, 2023, were $8.064 million, compared to $6.737 million in the same period last year[24] - Accrued capital expenditures not yet paid amounted to $3.532 million as of October 31, 2023, up from $1.381 million in the same period last year[26] Cash and Cash Equivalents - Cash and cash equivalents decreased by $2.175 million in Q3 2023, ending the period at $29.579 million[24] - Cash equivalents as of October 31, 2023 were $15.4 million, classified as Level 1 fair value measurements[56] Capital Parts Reserve - The capital parts reserve was $1.7 million as of October 31, 2023, down from $2.0 million as of July 31, 2023[37] Dividends - Dividends paid in Q3 2023 amounted to $1.927 million, slightly higher than the $1.851 million paid in Q3 2022[24] Stock-Based Compensation - Non-cash stock-based compensation increased to $1.108 million in Q3 2023, up from $0.794 million in Q3 2022[24] - Stock-based compensation was $0.8 million for the first quarter of fiscal years 2024 and 2023[86] Accounts Receivable and Inventories - Accounts receivable decreased by $1.487 million in Q3 2023, compared to a decrease of $1.622 million in Q3 2022[24] - Inventories decreased by $1.374 million in Q3 2023, compared to a decrease of $5.202 million in Q3 2022[24] - Total inventories as of October 31, 2023 were $43.832 million, including finished goods of $23.734 million and spare parts of $6.379 million[55] Accrued Expenses - Accrued expenses as of October 31, 2023 totaled $32.613 million, including $9.556 million for salaries and wages[62] Landfill Modification Costs - A $2.5 million reserve was recorded in Q2 FY2023 for landfill modification costs in Georgia, with no changes in Q1 FY2024[64] Debt and Credit Facilities - Outstanding debt includes $7 million of 3.95% Series B Senior Notes due 2030 and $25 million of 3.25% Series C Senior Notes due 2031[65] - The company has a $45 million unsecured revolving credit facility, with $1.0 million in letters of credit outstanding as of October 31, 2023[69] Operating Lease Costs - Operating lease costs for the three months ended October 31, 2023 were $546 thousand[72] Postretirement Health Benefits - The discount rate for postretirement health benefits was 4.90% for the three months ended October 31, 2023[78] Net Sales by Product Group - Net sales for the Business to Business Products Group increased to $39.16 million in Q3 2023 from $33.69 million in Q3 2022, a growth of 16.2%[81] - Net sales for the Retail and Wholesale Products Group increased to $72.28 million in Q3 2023 from $64.85 million in Q3 2022, a growth of 11.5%[81] Total Assets - Total assets increased to $288.77 million as of October 31, 2023, compared to $286.24 million as of July 31, 2023[82] Restricted Stock and Comprehensive Loss - Non-vested restricted stock outstanding increased to 472 thousand shares as of October 31, 2023, from 348 thousand shares as of July 31, 2023[87] - Accumulated other comprehensive loss decreased to $563 thousand as of October 31, 2023, from $748 thousand as of July 31, 2023[88] Related Party Transactions - Payments to a related party vendor were $0.1 million for the first three months of fiscal years 2024 and 2023[89]

Financial Data and Key Metrics Changes - The fourth quarter recorded net sales of $107 million, a 15% increase year-over-year, contributing to a total of $413.021 million for the fiscal year, up 18% [5][6] - Operating income increased by 63% in the fourth quarter and 50% year-to-date, with a significant rise in net income of 129% to $11.9 million in Q4 and a 421% increase to $29.5 million for the year [5][6][20] Business Line Data and Key Metrics Changes - The retail and wholesale group saw sales up 14% in Q4 and 15% year-to-date, with year-over-year growth of 67% and a remarkable 478% increase when excluding the impairment charge from the previous year [6][20] - The business-to-business segment mirrored the overall company performance, indicating consistent growth across segments [20] Market Data and Key Metrics Changes - Animal health sales trends are improving, although there are regional variations due to lingering pandemic effects and economic conditions [27][30] - The company is experiencing good adoption and growth in the U.S. market, despite some profitability pressures among large integrators and producers [33][61] Company Strategy and Development Direction - The company is focused on leveraging its diverse portfolio to mitigate seasonality effects, aiming for consistent performance across various product lines [64] - A new antibacterial cat litter product was launched, which is the first EPA-approved antibacterial litter in the U.S., indicating a strategic move towards innovation and market differentiation [59][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth plans for fiscal '24, emphasizing that the best is yet to come following a record fiscal '23 [4][5] - The company is addressing rising costs through competitive compensation strategies and capital investments to replace aging infrastructure [35][50][52] Other Important Information - The company successfully completed an ERP upgrade, achieving high scores in on-time deliveries and customer satisfaction [4] - A defined benefit pension plan was closed and replaced with a defined contribution plan, which is expected to enhance employee benefits [20] Q&A Session Summary Question: What would the quarter have looked like without timing issues affecting Amlan? - Management indicated that any missed shipments from Q4 would be expected to be picked up in the next quarter, with positive growth anticipated [22][23] Question: Are animal health sales trends continuing to improve? - Yes, although there are regional differences, overall trends are positive with good testing and adoption in the U.S. [27][33] Question: What were advertising expenses in Q4 and budget for fiscal '24? - Advertising expenses were significant in Q4, with a modest increase planned for fiscal '24, spread more evenly throughout the year [31][32] Question: Are costs continuing to increase? - Yes, costs are rising due to various factors including labor costs, material inputs, and aging infrastructure requiring higher replacement costs [35][52][53] Question: What accounts for the increase in diluted common shares? - The increase is primarily due to the potential impact of Class B shares being converted to common shares, with no new issuances other than those for the restricted stock program [54]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _____ to _____ Commission File Number 001-12622 OIL-DRI CORPORATION OF AMERICA (Exact name of the registrant as specified in its charter) Delaware 36-2048898 (State or other jur ...

Oil-Dri Corporation of America (NYSE:ODC) Q3 2023 Earnings Conference Call June 9, 2023 11:00 AM ET Company Participants Dan Jaffee - President and Chief Executive Officer Leslie Garber - Manager, Investor Relations Susan Kreh - Chief Financial Officer and Chief Information Officer Wade Robey - Vice President of Ag and President of Amlan International Aaron Christiansen - Vice President of Operations Chris Lamson - Group Vice President of Retail and Wholesale Conference Call Participants Operator Good day a ...

FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the Quarterly Period Ended April 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____________ to ______________ Commission File Number 001-12622 OIL-DRI CORPORATION OF AMERICA (Exact name of the registrant as specified in its charter) Del ...

Oil-Dri Corporation of America (NYSE:ODC) Q2 2023 Earnings Conference Call March 10, 2023 11:00 AM ET Company Participants Dan Jaffee - Chairman, President, CEO Leslie Garber - IR Manager Susan Kreh - CFO Chris Lamson - Group Vice President of Retail and Wholesale Aaron Christiansen - VP of Operations Conference Call Participants Operator Thank you for standing by, and welcome to Oil-Dri's Q2 Fiscal Year 2023 Investor Conference Call. At this time, all participants are in a listen-only mode. I would now ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended January 31, 2023 or If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ ☐ Transition Report Pursu ...

Oil-Dri Corporation of America (NYSE:ODC) Q1 2023 Earnings Conference Call December 7, 2022 10:30 AM ET Company Participants Leslie Garber - Manager, Investor Relations Laura Scheland - Vice President, General Counsel and Secretary Daniel Jaffee - Chairman, President and Chief Executive Officer Susan Kreh - Chief Financial Officer Christopher Lamson - Group Vice President of Retail and Wholesale Aaron Christiansen - Vice President of Operations Wade Robey - Vice President, Agriculture and Amlan Marketing J. ...

For the Quarterly Period Ended October 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____________ to ______________ Commission File Number 001-12622 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 If an emerging growth company, indicate by check mark if the registrant has elected not to ...

Oil-Dri Corporation of America. (NYSE:ODC) Q4 2022 Earnings Conference Call October 14, 2022 11:00 AM ET Company Participants Dan Jaffee - President and CEO Susan Kreh - CFO Aaron Christiansen - VP, Operations Jessica Moskowitz - VP and General Manager of Consumer Products Division Laura Scheland - Vice President of Strategic Partnerships and General Counsel Chris Lamson - Group VP, Retail and Wholesale Wade Robey - VP, Agriculture & Amlin Marketing David Atkinson - VP and Controller Leslie Garber - Manager ...