Oil-Dri Q1 2024 Earnings Report

Net sales reached a record $111.4 million, a 13% increase year-over-year, driven by elevated sales of cat litter and fluids purification products.

Net income attributable to Oil-Dri doubled to a record $10.7 million, compared to $5.2 million in the prior year.

Gross profit increased by 39% to a record $31.0 million, with gross margin expanding to 27.8% from 22.6% in the previous year.

The Business to Business Products Group's revenues reached a record $39.2 million, a 16% increase over the prior year, with growth in all principal products.