NYSE$ODC
Oil-Dri Corporation of America · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported an increase in consolidated net sales for the third quarter and achieved record consolidated net sales for the first nine-months of fiscal 2022.
Oil-Dri Corporation of America announced results for its third quarter of fiscal year 2022, with consolidated net sales reaching $86 million, a 12% increase over the same period last year. The company experienced a consolidated operating loss of approximately $4.0 million, due to a one-time non-cash goodwill impairment charge of $5.6 million for the Retail & Wholesale Products Group. Excluding this charge, consolidated operating income for the third quarter of fiscal 2022 was $1.6 million.
- Consolidated net sales increased by 12% compared to the same period last year, reaching $86 million.
- Third quarter consolidated gross profit increased by approximately $664,000 or 4%, with margins of 18.2% in fiscal 2022 compared to 19.6% in fiscal 2021.
- A one-time non-cash goodwill impairment charge of $5.6 million for the Retail & Wholesale Products Group resulted in an operating loss.
- The Business to Business Products Group’s third quarter of fiscal 2022 revenues reached $31 million, a 19% gain over the prior year.
Headline financials
Revenue & EPS history
Oil-Dri · Revenue · Quarterly
$85.8M
Revenue by segment
Oil-Dri · $85.8M total across 2 segments · Q3 2022
- Retail and Wholesale$54.4M+8.9%63.4%
- Business to Business$31.4M+19.3%36.6%
Forward guidance
The company is dedicated to further optimizing profitability and strengthening its manufacturing operations to support future growth, with more price increases planned for the fourth quarter.
Tailwinds
- Enhanced profitability through price increases
- Optimizing profitability
- Strengthening manufacturing operations
- Supporting growth
- Achieved an increase in quarterly gross profit over the prior year
Headwinds
- Volatile macroeconomic environment
- Impact of a one-time non-cash goodwill impairment charge resulted in an operating loss
- Inflationary cost pressures
- Supply chain disruptions
- Logistics delays
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 2022
+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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