Oil-Dri Corporation of America (ODC) Q4 2025 Financial Results Summary
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Oil-Dri Corporation of America (ODC) Q4 2025 Financial Results Summary
Released on October 9, 2025, Oil-Dri Corporation of America (NYSE: ODC) announced its financial results for the fourth quarter and fiscal year 2025. The company reported record results for both the quarter and the year, showcasing its commitment to financial strength and disciplined capital allocation.
Key Financial Metrics
Fourth Quarter Results (Ended July 31, 2025)
- Net Sales
- $125.2 million, a 10% increase from $113.7 million in Q4 2024.
- Operating Income
- $15.6 million, a 21% increase compared to $12.9 million in Q4 2024.
- Net Income
- $13.1 million, reflecting a 53% increase from $8.5 million in the same quarter of the previous year.
- EBITDA
- $21.4 million, up 17% from $18.2 million in Q4 2024.
- Diluted Earnings per Share (EPS)
- $0.89, a 51% increase from $0.59 in Q4 2024.
Fiscal Year Results (Ended July 31, 2025)
- Net Sales
- Reached $485.6 million, an 11% increase from $437.6 million in 2024.
- Operating Income
- $68.2 million, a 32% increase from $51.6 million in the previous year.
- Net Income
- $54 million, reflecting a 37% increase from $39.4 million in fiscal 2024.
- EBITDA
- Totaled $90 million, which is a 29% increase from $69.9 million in the prior year.
- Diluted EPS
- $3.70, a 36% increase from $2.72 in 2024.
Business Segment Performance
- Business to Business (B2B) Segment
- Q4 Net Sales: $48.1 million, a 24% increase from $38.9 million in Q4 2024.
- Year-to-Date Net Sales: $182.6 million, an 21% increase from $150.5 million in 2024.
- Segment Operating Income: $15.0 million, up 16% from $12.9 million in the prior year.
- Retail and Wholesale (R&W) Segment
- Q4 Net Sales: $77.1 million, a 3% increase from $74.8 million year over year.
- Year-to-Date Net Sales: $303.0 million, a 6% increase from $287.1 million in 2024.
- Segment Operating Income: $9.7 million, unchanged from the prior year’s results.
Cost Metrics
- Gross Profit for Q4: $34.8 million, a 5% increase from $33.0 million in Q4 2024, with gross margins at 27.8%, down from 29.0% in Q4 2024.
- Selling, General and Administrative (SG&A) Expenses in Q4: $19.2 million, down 5% from $20.1 million in the same quarter last year.
Cash and Debt Management
- Cash and cash equivalents grew to $50.5 million, a substantial increase from $23.5 million as of July 31, 2024.
- Debt Repayment: $11 million paid down during fiscal 2025, enhancing financial stability.
- Dividends: Oil-Dri paid out $8.4 million in dividends during fiscal 2025, marking an increase in their dividend policy.
Market and Operational Insights
- Record Q4 net sales signify the 17th consecutive quarter of year-over-year sales growth.
- The company has adopted a “data-driven approach”, termed “Miney ball”, to enhance its growth.
- Strategic investments were made in manufacturing facilities and operational efficiencies.
Forward-Looking Statements
- Though entering fiscal year 2026 will be challenging with comparisons against a strong first half of fiscal 2025, Oil-Dri remains optimistic about continuing to build on its successes.
In conclusion, Oil-Dri’s fourth-quarter and fiscal year 2025 financial results highlight significant growth across multiple metrics, displaying strong operational performance and a focus on strategic investments, while rewarding shareholders with an increased dividend amidst improved financial health.
Here are the extracted tables from the press release:
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
| 2025 | % of Sales | 2024 | % of Sales | |
|---|---|---|---|---|
| Net Sales | $ 125,212 | 100.0 % | $ 113,702 | 100.0 % |
| Cost of Goods Sold | -90,379 | -72.2 % | -80,678 | -71.0 % |
| Gross Profit | 34,833 | 27.8 % | 33,024 | 29.0 % |
| Selling, General and Administrative | -19,189 | -15.3 % | -20,132 | -17.7 % |
| Expenses | ||||
| Operating Income | 15,644 | 12.5 % | 12,892 | 11.3 % |
| Other Expense, Net | -143 | -0.1 % | -891 | -0.8 % |
| Income Before Income Taxes | 15,501 | 12.4 % | 12,001 | 10.6 % |
| Income Taxes Expense | -2,446 | -2.0 % | -3,476 | -3.1 % |
| Net Income | 13,055 | 10.4 % | 8,525 | 7.5 % |
| Net Income Per Share: Basic Common | $ 0.96 | $ 0.63 | ||
| Basic Class B | $ 0.72 | $ 0.48 | ||
| Diluted Common | $ 0.89 | $ 0.59 | ||
| Diluted Class B | $ 0.72 | $ 0.48 | ||
| Avg Shares Outstanding: Basic Common | 9,911 | 9,836 | ||
| Basic Class B | 4,002 | 3,960 | ||
| Diluted Common | 13,913 | 13,796 | ||
| Diluted Class B | 4,002 | 3,960 |
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
| Current Assets | 2025 | 2024 |
|---|---|---|
| Cash and Cash Equivalents | $ 50,458 | $ 23,481 |
| Accounts Receivable, Net | 69,370 | 62,171 |
| Inventories, Net | 51,594 | 54,236 |
| Prepaid Expenses and Other Assets | 5,961 | 7,270 |
| Total Current Assets | 177,383 | 147,158 |
| Property, Plant and Equipment, Net | 149,704 | 137,796 |
| Other Assets | 64,590 | 69,651 |
| Total Assets | $ 391,677 | $ 354,605 |
| Current Liabilities | ||
| Current Maturities of Notes Payable | $ 1,000 | $ 1,000 |
| Accounts Payable | 16,808 | 15,009 |
| Dividends Payable | 2,444 | 2,096 |
| Other Current Liabilities | 48,935 | 48,572 |
| Total Current Liabilities | 69,187 | 66,677 |
| Noncurrent Liabilities | ||
| Long-term debt | 38,817 | 49,774 |
| Other Noncurrent Liabilities | 24,613 | 27,566 |
| Total Noncurrent Liabilities | 63,430 | 77,340 |
| Stockholders’ Equity | 259,060 | 210,588 |
| Total Liabilities and Stockholders’ Equity | $ 391,677 | $ 354,605 |
| Book Value Per Share Outstanding | $ 18.66 | $ 15.35 |