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Jan 31, 2020
Oil-Dri Q2 2020 Earnings Report
Oil-Dri's second quarter fiscal 2020 earnings were announced, showcasing a significant increase in net income and earnings per share.
Key Takeaways
Oil-Dri Corporation of America reported a strong second quarter in fiscal year 2020, with a 2% increase in net sales and a 111% increase in net income attributable to Oil-Dri compared to the same period last year. The company benefited from strong performance in the Retail and Wholesale Products Group, driven by increased cat litter sales and improved margins, while the Business to Business Products Group experienced a slight sales decline.
Net income attributable to Oil-Dri increased by 111% compared to the prior year.
Earnings per diluted share increased by 110% compared to the prior year.
Retail and Wholesale Products Group experienced a 7% increase in revenues.
Business to Business Products Group revenues decreased by 8% due to the loss of a large customer.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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