Oil-Dri of America
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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.
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Q2 2026 earnings summary12 Mar, 2026

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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Frequently asked questions

Business Description Oil-Dri Corporation of America, develops, manufactures, and markets sorbent products. It offers oil, water, and other liquid spills; and non-petroleum product applications; and oil spill absorbents and products for different industries including food service, car wash, industrial spill control, janitorial/maintenance, healthcare disinfectant/sanitizing pads and rubber gloves. The company's sorbent products are used for absorbent needs related to tank truck cleaning; facility maintenance and daily operations; oil spill clean-ups; fire suppression efforts; industrial material handling tank trucks to reduce the spread of airborne contaminants; small package shipments; general silicone applications; chemical plant protection equipment, refinery applications; waste tank truck sprays of crude oil and petroleum distillates spills to reduce spread of airborne contamination in water and on land; spill prevention tanks on tank trucks to prevent on land or surface waterway spills from happening by collecting leaks during transportation, storage, or offloading accidents. Oil-Dri Corporation of America is headquartered in Chicago, Illinois.

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