Oil-Dri Q3 Net Sales Rise 9% to $126.3M, EPS $1.00 Up 25%
ODC•Oil-Dri reported Q3 net sales of $126.3 million, up 9% year-over-year, with net income rising 25% to $14.5 million (EPS $1.00). Retail & Wholesale sales jumped 13% while B2B grew 3%; EBITDA was $23.8 million and cash reached $62.9 million.
1. Third Quarter Financial Results
Oil-Dri reported Q3 net sales of $126.3 million, up 9% year-over-year, driven by higher demand across its product lines. Income from operations increased 23% to $17.1 million, net income rose 25% to $14.5 million, and EBITDA advanced 17% to $23.8 million. Diluted EPS was $1.00, a 25% gain.
2. Segment Performance
Retail & Wholesale group delivered net sales of $82.5 million, up 13%, boosting segment operating income by 16% to $11.3 million. Business-to-Business revenues reached $43.8 million, a 3% gain, although operating income dipped 3% to $13.0 million due to higher cost of goods sold.
3. Operational Resilience and Cash Generation
The company achieved a 99.9% fill rate despite Winter Storm Fern disruptions, reducing backlog by $2.2 million and ensuring service continuity. Cash and equivalents rose to $62.9 million, funding manufacturing infrastructure investments and dividend payments.
4. Outlook and Cost Headwinds
Leadership expects to exceed prior fiscal year net income targets over the final quarter but cautioned that ongoing geopolitical unrest and rising transportation and input costs could pose headwinds to margins.
