Oil-Dri Q3 2023 Earnings Report

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.