Oil-Dri Corporation of America announced its first quarter fiscal year 2026 results, with net sales of $120.5 million, a 6% decrease from the prior year, primarily due to reduced volumes in fluids purification and cat litter businesses. Despite the decline, the company achieved its second highest quarterly gross profit and net income, driven by record agricultural product sales and increased revenues from co-packaging cat litter.
Net sales for Q1 FY26 were $120.5 million, a 6% decrease year-over-year.
Net income for Q1 FY26 was $15.5 million, down 6% from the prior year's record performance.
Diluted EPS for Q1 FY26 was $1.06, a 6% decrease compared to $1.13 in the prior year.
The B2B Products Group's revenue decreased by 9% to $44.3 million, while the R&W Products Group's revenue decreased by 4% to $76.2 million.
The company anticipates continued execution of growth strategies, advancement of key initiatives, and investment in long-term growth opportunities, while focusing on sustained business expansion.
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