Loading...
•
Jan 31, 2024
Oil-Dri Q2 2024 Earnings Report
Oil-Dri achieved record results and tripled its net income for the second quarter of fiscal year 2024.
Key Takeaways
Oil-Dri Corporation of America reported record second-quarter results, with a 4% increase in consolidated net sales to $105.7 million and a tripling of net income attributable to Oil-Dri to $12.4 million. Increased sales of renewable diesel and cat litter products drove revenue growth, while strategic initiatives improved gross margins and generated cash for manufacturing investments.
Consolidated net sales increased by 4% to $105.7 million, driven by higher sales of fluids purification and cat litter products.
Gross profit reached an all-time high of $30.9 million for the second quarter, with gross margins expanding to 29.3%.
Operating income more than doubled to $15.2 million, up from $7.3 million in the prior year.
Net income attributable to Oil-Dri more than tripled to $12.4 million, setting a record for the highest second-quarter net income.
Revenue by Segment
Forward Guidance
The company remains committed to sustaining momentum, investing in manufacturing infrastructure, and delivering value-added products and services to loyal customers.
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
Loading earnings performance data...
Loading earnings reaction data...