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Oct 31, 2020
Oil-Dri Q1 2021 Earnings Report
Oil-Dri announced strong first quarter of fiscal 2021 and record first quarter net sales.
Key Takeaways
Oil-Dri Corporation of America reported a strong first quarter for fiscal year 2021, with net sales reaching $76.1 million, a 7% increase over the prior year, and net income attributable to Oil-Dri increasing by 13% to $4.0 million.
Consolidated net sales increased by 7% to $76 million, driven by cat litter, agricultural, and fluids purification products.
Net income attributable to Oil-Dri rose by 13% to $4.0 million.
Retail & Wholesale Products Group revenues increased by 9%, with domestic cat litter sales up by 12%.
Business to Business Products Group revenues increased by 4%, primarily due to a 22% increase in sales of agricultural products.
Revenue by Segment
Forward Guidance
Due to the uncertainty and concerns relating to the COVID-19 pandemic, Oil-Dri will host its first quarter fiscal 2021 earnings discussion and its Annual Meeting of Stockholders virtually via a live webcast on Tuesday, December 8, 2020 at 9:30 a.m. Central Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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