NYSE$ODC

Oil-Dri Corporation of America · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Third quarter results reflected flat consolidated net sales due to decreased cat litter sales, offset by increased industrial, sports, agricultural, and animal health product sales, with reduced gross margins due to higher commodity, freight, and manufacturing costs.

Oil-Dri Corporation of America reported flat consolidated net sales for the third quarter of fiscal year 2021, with a decrease in net income attributable to Oil-Dri due to increased costs and reduced gross margins. The company experienced growth in industrial, sports, agricultural, and animal health product sales, but this was offset by lower cat litter sales and higher expenses.

  • Consolidated net sales were essentially flat at $76.3 million compared to the prior year.
  • Net income attributable to Oil-Dri decreased by 52% to $2.2 million.
  • Gross profit decreased due to a 14% increase in cost of goods sold per manufactured ton.
  • The Retail and Wholesale Products Group's third quarter revenues reached a record $50 million, a 1% increase over the prior year.

Headline financials

Total Revenue

$76.3M

Previous: $76.3M-0.0%
EPS (adj)

$0.32

Previous: $0.61-47.5%
Capital Expenditures

-$10.8M

Previous: -$10.9M+1.0%
Free Cash Flow

-$8.53M

Previous: -$6.22M-37.1%
Net Income

$2.23M

Previous: $4.65M-52.1%
Operating Income

$1.93M

Previous: $5.7M-66.1%
Gross Profit

$16.5M

Previous: $21.4M-22.7%
Cash & Equivalents

$30.3M

Previous: $20.5M+47.5%
Total Assets

$230M

Previous: $216M+6.3%

Revenue & EPS history

Oil-Dri · Revenue · Quarterly

$76.3M

Q3 2021-0%vs Q3 2020
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

Oil-Dri · $76.3M total across 2 segments · Q3 2021

  • Retail and Wholesale
    $50M+0.8%
  • Business to Business
    $26.3M-1.5%

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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