Oil-Dri Reports Y/Y Earnings Decline and Sales Increase in Q4

Oil-Dri Corporation of America (ODC) reported a mixed performance in its fourth-quarter fiscal 2024 results as the company navigated higher costs and tax expenses despite achieving record sales. The quarter saw growth driven by a recent acquisition, but profitability was impacted by inflationary pressures and weaker demand in certain areas. The company's business segments delivered uneven results, with strength in fluid purification products offset by a significant drop in agricultural sales. At the same ti ...