Oil-Dri Corporation of America reported record fiscal 2026 net sales of $493.8 million, up 2% from $485.6 million in the prior year.
Full-year net income increased 6% to a record $57 million.
Diluted earnings per share rose to $3.92 from $3.70.
EBITDA increased to $93.3 million from $90 million.
Oil-Dri closed the year with a record fourth quarter, generating net sales of $129.3 million, a 3% year-over-year increase and the highest quarterly revenue in the company’s history.
Fourth-quarter net income increased 10% to $14.4 million.
Diluted EPS increased 12% to $1 from $0.89, while EBITDA rose 13% to $24.1 million.
The Retail & Wholesale Products Group generated full-year sales of $313.6 million, up 4%.
Growth included a 47% increase in co-packaged cat litter and a 16% increase in crystal litter.
Business-to-Business sales totaled $180.2 million, down approximately 1%, as record agricultural carrier sales were offset by lower demand for fluids purification and animal health products.
Annual gross margin declined to 27.8% from 29.5%, reflecting higher manufacturing and freight costs.
Selling, general and administrative expenses declined 7% to $69.5 million.
Oil-Dri ended the fiscal year with a record $73.7 million in cash and cash equivalents, up from $50.5 million a year earlier.
During the year, the company invested $34.2 million in capital expenditures, repurchased $12.6 million of shares, and paid $10.4 million in dividends.
KEY QUOTES:
“Fiscal year 2026 has been especially meaningful as we celebrated our 85th anniversary and reported our strongest full-year sales and net income in history.”
“Despite inflationary cost pressures, we maintained disciplined expense management and achieved historic levels of cash generation, while continuing to invest in our business and returning value to shareholders with two dividend increases.”
Daniel S. Jaffee, President and CEO of Oil-Dri
