Oil-Dri Reports 9% Q3 Revenue Growth, 25% Net Income Surge After Challenging Quarters
ODC sits 84% above its 52-week low of $45.61 on elevated volume (2.2× avg).
Summary
Oil-Dri reported strong third-quarter fiscal year 2026 results, with net sales increasing 9% to $126.3 million and net income surging 25% to $14.5 million, resulting in $1.00 diluted EPS. This marks a significant turnaround from the previous quarter, which saw a 3% decline in net income. The CEO highlighted that these results surpassed the prior year after two challenging quarters, driven by higher sales and a 13% reduction in SG&A expenses. While gross margins were impacted by increased cost of goods sold, the company expects to achieve its annual plan and surpass last year's net income, despite potential headwinds from geopolitical unrest and rising costs.
At the time of this announcement, ODC was trading at $83.99 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $45.61 to $86.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.