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Oil-Dri of America (ODC) investor relations material
Oil-Dri of America Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong financial performance in Q2 FY2026, with EBITDA at $22 million and record net sales of $117.7 million, up 1% year-over-year, despite operational disruptions from Winter Storm Fern.
Net sales for the six months ended January 31, 2026, declined 3% year-over-year to $238.2 million, primarily due to softer volumes and weather-related disruptions.
Net income for the quarter was $12.6 million, down 3% year-over-year, and for the six months was $28.0 million, down 4%.
Maintained robust cash position, ending the quarter with $46.9 million in cash and $40 million in debt.
Completed a two-for-one stock split in January 2025, increasing authorized shares and adjusting incentive plans.
Financial highlights
EBITDA for Q2 FY2026 was $22 million, flat year-over-year; quarterly EBITDA was $21.7 million, slightly down from $22.2 million last year.
Gross profit for the quarter was $32.3 million, down 6% year-over-year; gross margin declined to 27.4% from 29.5%.
Operating income for the six months was $32.6 million, a 16% decrease year-over-year.
Cash and cash equivalents at quarter-end were $46.9 million, with debt at $40 million.
Net cash provided by operating activities for the six months was $28.4 million.
Outlook and guidance
Management expects to surpass last year's annual net income if current trends continue.
Expect continued strong performance in agriculture and horticulture segments, with bullish outlook for growth.
Anticipate new product launches in the second half of the fiscal year to support strategic growth.
Management expects sufficient liquidity for foreseeable working capital, capital expenditures, dividends, and debt service.
Remain optimistic about long-term prospects for Amlan and animal nutrition markets despite recent account loss.
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