Oil-Dri Corp of America

Listed Company

ODCCIK 0000074046NYSEAcceleratedMiscellaneous Manufacturing IndustriesDelawareFY ends Jul 31

Period

FY 2025

Revenue

$485.57M

Net Income

$54.00M

Total Assets

$391.68M

Equity

$259.06M

Shares Out

—

Op. Cash Flow

$80.18M

Business

Oil-Dri Corp of America develops, mines, manufactures and markets sorbent products principally made from hydrated aluminosilicate minerals and complementary synthetic materials for industrial, retail and agricultural uses. Its products include clay-based and silica gel cat litters (branded and private label), industrial and automotive sorbents, sports field materials, fluids purification and bleaching clays, agricultural carriers and animal health and nutrition solutions. The company reports through two operating segments: the Retail and Wholesale Products Group and the Business to Business Products Group. Its products are sold domestically and internationally through mass merchandisers, grocery and pet channels, online retailers, distributors, technical sales teams and direct sales to processors and refiners.

Summary from filing dated 2025-10-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Net Sales	486	438	413	349	305
Cost of Goods Sold	−342	−312	−310	−286	−240
Gross Profit	143	125	103	63	65
Selling, General and Administrative Expenses	−75	−73	−62	−52	−52
Income from Operations	68	52	41	5	13
Interest income	698,000	873,000	465,000	45,000	71,000
Interest expense	−2	−2	−1	−1	−722,000
Loss on pension termination	0	0	−5	0	—
Foreign exchange (loss) gain	−522,000	−628,000	105,000	−303,000	−93,000
Other, net	249,000	−435,000	−816,000	2	1
Total Other Expense, Net	−2	−2	−6	888,000	332,000
Income Before Income Taxes	66	50	35	6	13
Income Tax Expense	−12	−10	−5	−97,000	−2
Net income	54	39	29	6	11
Net Loss Attributable to Noncontrolling Interest	0	0	−68,000	−62,000	−133,000
Net Income Attributable to Oil-Dri	54	39	30	6	11
Common Stock, Dividends, Per Share, Declared	0.65	0.59	0.57	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	50	23	32	16	25
Accounts receivable, less allowance of $1,493 and $934 in 2025 and 2024, respectively	69	62	59	52	41
Inventories, net	52	54	43	40	24
Prepaid expenses and other assets	6	7	3	4	7
Total Current Assets	177	147	137	112	102
Land	14	14	14	—	—
Buildings and leasehold improvements	44	42	41	40	40
Machinery and equipment	206	193	184	165	163
Office furniture and equipment	23	23	19	—	—
Vehicles	26	25	18	18	22
Construction in progress	25	21	16	24	15
Mining assets	11	10	9	—	—
Capital Parts	9	7	5	—	—
Less accumulated depreciation and amortization	−206	−196	−185	−175	−179
Total Property, Plant and Equipment, Net	150	138	121	110	96
Goodwill	16	15	4	4	9
Trademarks, trade names and patents, net of accumulated amortization of $693 and $625 in 2025 and 2024, respectively	7	7	1	—	—
Customer list, net of accumulated amortization of $9,278 and $8,149 in 2025 and 2024, respectively	19	20	22,000	—	—
Deferred income taxes	1	2	7	4	2
Operating lease right-of-use assets	14	19	9	11	9
Other	8	7	7	27	30
Total Other Assets	65	70	29	—	—
Total Assets	392	355	286	250	228
Current maturities of notes payable	1	1	1	1	1
Accounts Payable	17	15	17	13	9
Dividends payable	2	2	2	2	2
Operating lease liabilities	4	5	2	2	2
Accrued expenses	45	44	37	30	25
Total Current Liabilities	69	67	59	49	39
Long-term debt, net of unamortized debt issuance costs of $183 and $226 in 2025 and 2024, respectively	39	50	31	32	8
Deferred compensation	6	6	5	5	4
Long-term operating lease liabilities	11	15	9	10	8
Other	8	7	6	4	4
Total Noncurrent Liabilities	63	77	50	51	29
Total Liabilities	133	144	109	99	68
Additional paid-in capital	66	60	56	52	48
Retained earnings	278	232	201	179	180
Accumulated other comprehensive income	969,000	769,000	748,000	−2	−4
Less treasury stock, at cost (4,902,881 Common and 380,628 Class B shares in 2025 and 4,867,880 Common and 362,649 Class B shares in 2024)	−88	−84	−81	−79	−66
Total Stockholders Equity	259	211	177	150	159
Total Liabilities and Stockholders Equity	392	355	286	250	228

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation and amortization	22	19	16	13	14
Non-cash stock compensation expense	5	5	3	3	3
Loss on pension termination	0	0	5	0	—
Deferred income tax expense (provision)	240,000	2	−4	−2	3
Net increase (decrease) to provision for bad debts and cash discounts	559,000	−153,000	284,000	−227,000	147,000
Loss on impairment of patent applications	49,000	0	61,000	323,000	0
Accretion for asset retirement obligation	190,000	211,000	161,000	145,000	—
(Gain) Loss on the disposals of property, plant and equipment	−31,000	314,000	1	—	—
Accounts receivable	−8	1	−8	−11	−6
Inventories	2	−5	−2	−13	518,000
Prepaid expenses	191,000	−2	1	372,000	−4
Deferred income taxes	31,000	−115,000	510,000	715,000	2
Other assets	4	3	59,000	2	544,000
Accounts payable	926,000	−3	3	5	−2
Accrued expenses	2	2	6	5	−4
Deferred compensation	110,000	1	−47,000	189,000	−770,000
Other liabilities	−5	−4	−1	−4	−557,000
Total Adjustments	26	21	20	3	3
Net Cash Provided by Operating Activities	80	60	50	9	14
Capital expenditures	−33	−32	−24	−22	−19
Proceeds from sale of property, plant and equipment	151,000	182,000	70,000	21,000	9,000
Acquisition of business	−115,000	−44	0	—	—
Acquisition of equity in Agromex	0	0	−269,000	0	—
Net Cash Used in Investing Activities	−33	−76	−25	−22	−19
Proceeds from issuance of notes payable	0	20	0	25	0
Principal payments on notes payable	−11	−1	−1	−1	−1
Payment of debt issuance costs	0	−90,000	−7,000	−114,000	0
Dividends paid	−8	−8	−7	−7	−7
Purchase of treasury stock	−2	−3	−1	−12	−3
Net Cash (Used in) Provided by Financing Activities	−22	8	−10	5	−11
Effect of exchange rate changes on cash and cash equivalents	64,000	204,000	−223,000	−24,000	217,000
Net Increase (Decrease) in Cash and Cash Equivalents	26	−7	15	−8	−16
(Decrease) increase to restricted cash	−885,000	1	0	—	—
Final settlement of acquisition of Ultra Pet	—	0	0	—	—
Interest payments, net of amounts capitalized	2	1	1	767,000	400,000
Income tax payments	13	10	7	−178,000	6
Change in capital expenditures in accounts payable	876,000	458,000	326,000	—	—
Change in capital expenditures in accrued expenses	−2	3	357,000	—	—
Increase in reclamation asset and liability	926,000	79,000	522,000	—	—

Filings

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