Loading...
•
Apr 30, 2023
Oil-Dri Q3 2023 Earnings Report
Announced record financial results.
Key Takeaways
Oil-Dri Corporation of America reported record third quarter results with record sales, gross profit, and net income, driven by pricing actions and strong demand across multiple product lines.
Consolidated net sales reached an all-time high of $105.4 million, a 23% increase over the prior year.
Third quarter consolidated gross profit was a record $27.5 million, an increase of $11.8 million, or 76%, over the third quarter of the prior year.
Third quarter consolidated net income attributed to Oil-Dri was the highest in the Company’s history reaching $8.5 million in fiscal 2023, from a net loss of $2.1 million in fiscal 2022.
The Business to Business (“B2B”) Products Group’s third quarter revenues reached an all-time high of $35.4 million, a 27% gain over the prior year.
Revenue by Segment
Forward Guidance
As we move forward into the final three months of our fiscal year, we will remain dedicated to revenue, volume, and profitability enhancement while implementing our strategic initiatives.
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...