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Jul 31, 2024
Oil-Dri Q4 2024 Earnings Report
Oil-Dri reported record sales and gross profit for the fourth quarter and achieved the highest annual net income in company history.
Key Takeaways
Oil-Dri Corporation of America reported record consolidated net sales of $113.7 million for the fourth quarter of fiscal year 2024, a 6% increase over the prior year. The company also achieved record gross profit for the quarter. Net income attributable to Oil-Dri decreased to $8.5 million compared to $11.9 million in the prior year.
Consolidated net sales reached a historic high of $113.7 million, a 6% increase year-over-year.
Consolidated gross profit was an all-time quarterly high, representing a 9% increase over the prior year.
The acquisition of Ultra Pet contributed $4.8 million to net sales.
Operating income for the R&W Products Group reached $9.7 million, reflecting an 18% increase.
Revenue by Segment
Forward Guidance
As we begin fiscal year 2025, we will continue to build upon this strong performance and plan to enhance market penetration across all of our different businesses.
Challenges Ahead
- Additional expenses related to the integration of Ultra Pet are expected to be incurred in the first quarter of fiscal year 2025.
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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