NYSE$ODC
Oil-Dri Corporation of America · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced record results and doubled its net income for the first quarter of fiscal year 2024.
Oil-Dri Corporation of America reported a record first quarter for fiscal year 2024, with net sales reaching $111.4 million, a 13% increase over the prior year, and net income attributable to Oil-Dri doubling to $10.7 million.
- Net sales reached a record $111.4 million, a 13% increase year-over-year, driven by elevated sales of cat litter and fluids purification products.
- Net income attributable to Oil-Dri doubled to a record $10.7 million, compared to $5.2 million in the prior year.
- Gross profit increased by 39% to a record $31.0 million, with gross margin expanding to 27.8% from 22.6% in the previous year.
- The Business to Business Products Group's revenues reached a record $39.2 million, a 16% increase over the prior year, with growth in all principal products.
Headline financials
Revenue & EPS history
Oil-Dri · Revenue · Quarterly
$111M
Revenue by segment
Oil-Dri · $111M total across 2 segments · Q1 2024
- Retail and Wholesale$72.3M+11.4%64.9%
- Business to Business$39.2M+16.2%35.1%
Forward guidance
The company hopes to maintain its trajectory of success through further gross margin improvement and expanded distribution of its innovative products, while continuing to invest in manufacturing facilities.
Tailwinds
- Further gross margin improvement
- Expanded distribution of innovative products
- Heavy investment in manufacturing facilities
- Replacement of aging assets
- Support of increased demand
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+1.0%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+4.2%
Avg return
30 days after
58%
32 / 55 earnings
Positive
+19.9%
Q3 2023
Best reaction
-17.1%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +18.4% | +13.7% | — | |
| Q2 2026 | +3.7% | -5.1% | +12.2% | |
| Q1 2026 | -12.7% | -4.4% | -3.9% | |
| Q4 2025 | +8.0% | -0.5% | -6.5% | |
| Q3 2025 | +0.0% | +1.5% | +5.8% | |
| Q2 2025 | +9.0% | +6.9% | -5.0% | |
| Q1 2025 | +18.4% | +28.0% | +24.2% | |
| Q4 2024 | +5.9% | +4.8% | +12.5% | |
| Q3 2024 | -15.7% | -13.8% | -26.7% | |
| Q2 2024 | -1.1% | -0.0% | -1.2% | |
| Q1 2024 | +9.6% | +16.7% | +13.4% | |
| Q4 2023 | -9.8% | -6.9% | -8.5% | |
| Q3 2023 | +19.9% | +27.6% | +60.2% | |
| Q2 2023 | +5.3% | +4.4% | +7.4% | |
| Q1 2023 | +5.0% | +3.1% | +5.9% | |
| Q4 2022 | +13.1% | +18.0% | +35.5% | |
| Q3 2022 | +2.6% | +8.6% | +22.3% | |
| Q2 2022 | -2.6% | +4.1% | -2.0% | |
| Q1 2022 | +1.8% | -1.0% | +4.6% | |
| Q4 2021 | +0.5% | +0.4% | +0.3% | |
| Q3 2021 | -4.8% | -6.2% | -8.3% | |
| Q2 2021 | +0.2% | -1.1% | -7.5% | |
| Q1 2021 | +1.0% | +4.3% | +0.8% | |
| Q4 2020 | -5.0% | -2.2% | -11.3% | |
| Q3 2020 | -4.2% | -8.6% | -8.1% | |
| Q2 2020 | +1.1% | -0.6% | +2.0% | |
| Q1 2020 | +1.1% | +5.5% | -0.1% | |
| Q4 2019 | +2.5% | +1.8% | +13.4% | |
| Q3 2019 | +3.8% | -1.0% | +19.5% | |
| Q2 2019 | -0.3% | +10.4% | +16.7% | |
| Q1 2019 | -4.3% | -5.0% | -3.1% | |
| Q4 2018 | -0.9% | -12.9% | -5.1% | |
| Q3 2018 | -3.1% | -7.1% | -1.9% | |
| Q2 2018 | +0.3% | +4.5% | +9.3% | |
| Q1 2018 | +0.6% | +0.7% | -7.5% | |
| Q4 2017 | -17.1% | -17.4% | -16.5% | |
| Q3 2017 | +6.9% | +13.1% | +20.1% | |
| Q2 2017 | +1.4% | +6.6% | +7.8% | |
| Q1 2017 | +2.3% | -0.6% | -8.4% | |
| Q4 2016 | -1.3% | +1.1% | -2.7% | |
| Q3 2016 | +1.2% | +4.8% | +7.2% | |
| Q2 2016 | -9.9% | — | — | |
| Q1 2015 | +8.3% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q4 2011 | +4.1% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | -3.1% | — | — | |
| Q1 2010 | -2.8% | — | — | |
| Q4 2010 | -2.6% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2009 | +1.8% | — | — |
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