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Jul 31, 2022
Oil-Dri Q4 2022 Earnings Report
Announced record sales for the fourth quarter and fiscal year 2022.
Key Takeaways
Oil-Dri Corporation announced record consolidated net sales for both the fourth quarter and full fiscal year, with margin and profit improvement experienced during the fourth quarter. The company successfully delivered on its strategic objectives to grow its animal health and cat litter businesses, and raised its dividend rate for the 19th consecutive year.
Consolidated net sales reached an all-time high of $93 million, a 19% increase over the same period in the prior year.
Fourth quarter consolidated net income attributed to Oil-Dri reached $5.2 million in fiscal 2022 from $603,000 in fiscal 2021, reflecting a 762% increase.
The Business to Business Products Group’s fourth quarter revenues reached a record $32.2 million, a 22% gain over the prior year.
The Retail and Wholesale Products Group’s fourth quarter revenues reached an all-time high of $61 million, an 18% increase over the prior year.
Revenue by Segment
Forward Guidance
As we enter into fiscal year 2023, we will continue our focus on restoring profitability, exceeding our customers’ expectations, and enhancing market penetration in all areas of our business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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