Form 8-K
8-K — Oil-Dri Corp of America
Accession: 0001628280-26-065455
Filed: 2026-10-08
Period: 2026-10-08
CIK: 0000074046
SIC: 3990 (MISCELLANEOUS MANUFACTURING INDUSTRIES)
Item: Results of Operations and Financial Condition
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — odc-20261008.htm (Primary)
EX-99.1 (odcf26q4ex991-earningsrele.htm)
EX-99.2 (odcf26q4ex992-dividendrele.htm)
GRAPHIC (image2.gif)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: odc-20261008.htm · Sequence: 1
odc-20261008
0000074046false00000740462026-10-082026-10-08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 8, 2026
OIL-DRI CORPORATION OF AMERICA
(Exact name of the registrant as specified in its charter)
Delaware
001-12622
36-2048898
(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)
410 North Michigan Avenue, Suite 400
Chicago, Illinois
60611-4213
(Address of principal executive offices) (Zip Code)
The registrant's telephone number, including area code: (312) 321-1515
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.10 per share ODC New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 Results of Operations and Financial Condition.
On October 8, 2026, Oil-Dri Corporation of America (the “Company”) issued a press release announcing its results of operations for its fourth quarter and fiscal year ended July 31, 2026. A copy of the press release is attached as Exhibit 99.1, and the information contained therein is incorporated herein by reference.
The information in this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such disclosure in this Form 8-K in such a filing.
Item 8.01 Other Events.
At its regular meeting on October 7, 2026, the Board of Directors of the Company (the “Board”) appointed Anthony W. Parker, Vice President, General Counsel & Secretary, as an executive officer of the Company and declared quarterly cash dividends of $0.225 per share of Common Stock, and $0.168 per share of Class B Stock. The dividends will be payable on November 20, 2026 to stockholders of record at the close of business on November 6, 2026.
A copy of the press release issued on October 7, 2026 announcing these matters is attached as Exhibit 99.2, and the information contained therein is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
Exhibit
Number Description of Exhibits
99.1
Press Release of the Company dated October 8, 2026
99.2
Press Release of the Company dated October 7, 2026
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
OIL-DRI CORPORATION OF AMERICA
By: /s/ Anthony W. Parker
Anthony W. Parker
Vice President, General Counsel & Secretary
Date: October 8, 2026
EX-99.1
EX-99.1
Filename: odcf26q4ex991-earningsrele.htm · Sequence: 2
Document
410 N. Michigan Ave. Chicago, Illinois 60611, U.S.A
News Announcement
For Immediate Release
Exhibit 99.1
Oil-Dri Delivers Record Annual Financial Results,
Including All-Time High Fourth Quarter Sales and Historic Cash Generation
CHICAGO-(October 8, 2026) - Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its fourth quarter and fiscal year 2026.
Fourth Quarter Year to Date
(in thousands, except per share amounts) Ended July 31, Ended July 31,
2026 2025 Change 2026 2025 Change
Consolidated Results
Net Sales $ 129,292 $ 125,212 3% $ 493,844 $ 485,572 2%
Income from Operations * $ 18,242 $ 15,644 17% $ 67,982 $ 68,220 —%
Net Income $ 14,418 $ 13,055 10% $ 56,969 $ 53,996 6%
EBITDA † $ 24,120 $ 21,358 13% $ 93,266 $ 89,989 4%
Diluted EPS - Common $ 1.00 $ 0.89 12% $ 3.92 $ 3.70 6%
Business to Business
Net Sales $ 50,094 $ 48,087 4% $ 180,198 $ 182,596 (1)%
Segment Operating Income $ 16,956 $ 14,982 13% $ 55,348 $ 59,796 (7)%
Retail and Wholesale
Net Sales $ 79,198 $ 77,125 3% $ 313,646 $ 302,976 4%
Segment Operating Income $ 9,260 $ 9,723 (5)% $ 43,730 $ 44,137 (1)%
* Comprised of Consolidated Operating Income less unallocated corporate expenses.
† Please refer to Reconciliation of Non-GAAP Financial Measures below for a reconciliation of Non-GAAP items to the comparable GAAP measures.
Daniel S. Jaffee, President and Chief Executive Officer, stated, “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. In the first half of the year, we faced difficult comparisons against a robust prior period. Our team remained focused on growing the business in the second half and ultimately delivered solid results that surpassed last year’s performance. The fourth quarter closed out the year on a high note, with record breaking sales. While some areas of our business encountered headwinds, others delivered strong growth, demonstrating the benefit of our diverse product portfolio. 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. As we enter fiscal 2027, we remain focused on our strategic initiatives and supporting our businesses.”
Full Year Results
Consolidated net sales for fiscal year 2026 reached an all-time high of $493.8 million, a 2% increase over the prior year, primarily due to favorable product mix. The Retail & Wholesale (“R&W”) Products Group delivered record sales of $313.6 million, up 4% over last year, driven
by a 47% increase in co-packaged cat litter, a 16% gain in crystal litter, and a 3% improvement in industrial and sports products. This growth was partially offset by a 1% decline in domestic clay litter sales, reflecting changes in private label distribution and the absence of certain non-recurring promotional activity from the prior year. The Business to Business (“B2B”) Products Group generated solid revenues of $180.2 million, a slight decrease of 1% from the prior year. Agricultural carriers achieved record sales, increasing 11% year-over-year, while revenues from fluids purification and animal health products declined 5% and 7%, respectively, due to lower demand compared with exceptionally strong prior-year results.
Annual consolidated gross profit was $137.5 million, down 4% from last year. Gross margins declined to 27.8% in fiscal year 2026 from 29.5% in fiscal year 2025. This was driven by a 4% increase in per ton domestic cost of goods sold, resulting from higher manufacturing and freight costs.
Selling, general and administrative ("SG&A") expenses were $69.5 million in fiscal year 2026 compared to $74.9 million in the prior year. This 7% decline primarily reflects lower human resource costs attributable to corporate functions, a reduced bonus accrual, and decreased outside services expenses.
Fiscal year 2026’s consolidated operating income was $68.0 million and remained relatively flat compared to last year. Higher sales and lower SG&A expenses offset cost increases.
Total other income, net was $1.5 million in fiscal 2026 compared to total other expense, net of $2.0 million in fiscal 2025. The year-over-year change primarily reflects lower landfill modification costs in fiscal 2026 compared to an increase in the estimated obligation recognized in fiscal 2025, as well as higher interest income. The improvement was also driven by the positive outcome of a confidential legal settlement in the matter of Oil-Dri Corporation of America vs. Entera Animal Health, et al.
Income tax expense for fiscal year 2026 was $12.5 million compared to $12.2 million in the same period last year. This 3% increase resulted from higher pre-tax income.
Annual consolidated net income reached a record $57.0 million in fiscal 2026, or a 6% increase over the prior year.
Cash and cash equivalents grew to a historic high of $73.7 million at the end of fiscal year 2026, compared to $50.5 million at the end of fiscal year 2025, reflecting strong earnings and disciplined cash management. The Company generated this remarkable level of cash flow while simultaneously investing in its infrastructure and returning capital to shareholders, including $34.2 million in capital expenditures, $12.6 million in share repurchases, and $10.4 million in dividends paid during the year.
Fourth Quarter Results
Consolidated Performance
Consolidated net sales for the fourth quarter of fiscal 2026 reached $129.3 million, a 3% increase over the prior year period and the highest quarterly revenue in the Company’s history. Topline
growth was achieved in both the B2B and R&W Products Groups, mainly due to improved product mix.
Consolidated gross profit was $36.0 million in the fourth quarter of fiscal 2026, or a 3% gain over the prior year. Gross margins remained stable at 27.8% despite a 3% increase in per ton domestic cost of goods sold, primarily driven by higher freight expenses. Geopolitical pressure on diesel prices and reduced capacity in the trucking industry contributed to this increase.
SG&A expenses were $17.7 million during the fourth quarter of fiscal year 2026 compared to $19.2 million in the prior year. This 8% decline largely resulted from reduced outside service expenses and lower human resource costs attributable to corporate functions.
Consolidated income from operations was $18.2 million in the fourth quarter of fiscal year 2026, or 17% greater than the same period in fiscal year 2025. Improved sales combined with lower SG&A expenses drove this notable increase.
Total other expense, net was $160,000 for the three months ended July 31, 2026, compared to $140,000 in the same period last year.
During the fourth quarter of fiscal 2026, income tax expense rose to $3.7 million from $2.4 million in the prior year period, driven by higher pre-tax income and one-time tax benefits in fiscal year 2025.
Consolidated net income for the fourth quarter of fiscal year 2026 was $14.4 million versus $13.1 million last year, representing a 10% improvement. EBITDA rose by 13% to $24.1 million, demonstrating continued strength in the Company’s underlying operating performance.
Product Group Review
The B2B Products Group delivered record fourth quarter sales of $50.1 million in fiscal year 2026, up 4% from the prior year, primarily reflecting favorable product mix and, to a lesser extent, increased volumes. The Company’s animal health and agricultural businesses achieved revenue gains, while fluids purification product sales remained relatively flat. Revenues of animal health products reached an all-time high of $9.9 million during the fourth quarter of fiscal year 2026, an increase of 18% over the same period last year. This topline growth was attributable to higher domestic and international volumes, including additional demand from current customers and new end-user accounts gained during the year. Sales of agricultural products were $12.6 million, an increase of 6% compared to last year, driven by elevated demand and order timing. Fluids purification product revenues totaled $27.6 million in the fourth quarter of fiscal year 2026, representing the strongest quarterly performance in the last 12 months and remaining relatively consistent with last year’s results.
SG&A costs within the B2B Products Group decreased by $220,000 in the fourth quarter of fiscal 2026, or 5%, compared to the same period last year. This change was primarily driven by lower bad debt expense and the absence of a foreign value-added tax (“VAT”) assessment recorded in the fourth quarter of fiscal 2025.
Operating income for the B2B Products Group was $17.0 million in the fourth quarter of fiscal year 2026 compared to $15.0 million in the prior year period, reflecting an increase of 13%. Higher net sales and lower SG&A expenses offset elevated cost of goods sold.
The R&W Products Group reported sales of $79.2 million in the fourth quarter of fiscal year 2026, up 3% from the prior year, reflecting improved product mix. These gains were driven by higher revenues from cat litter, and to a lesser extent, from industrial and sports products. Co-packaged cat litter sales grew by 60% year-over-year, supported by an expanded product portfolio that now includes lightweight litter. Domestic cat litter revenues, excluding co-packaged products, totaled $55.9 million for the fourth quarter of fiscal year 2026, down 3% from the prior year period. While crystal cat litter sales increased, revenues of clay litter products softened when compared to the prior year. Domestic clay sales were negatively impacted by the timing and frequency of promotional activity at a large account, changes in retailer pricing strategies and distribution, and ongoing heightened trade spending by competitors. These headwinds were partially offset by the successful introduction of new lightweight products at a key customer and continued growth of Oil‑Dri’s EPA‑approved Cat’s Pride Antibacterial Clumping Litter. Domestic industrial and sports product sales increased 7% to $12.1 million, primarily due to pricing actions to offset higher costs, including increased transportation expenses. The Company’s Canadian subsidiary reported record revenues for the fourth quarter of fiscal year 2026, up 3% from the prior year, reflecting growth across both cat litter and industrial products.
During the fourth quarter of fiscal 2026, SG&A expenses within the R&W Products Group decreased by $140,000 or 2%, from the prior year, primarily due to lower advertising spending.
Operating income for the R&W Products Group was $9.3 million in the fourth quarter of fiscal year 2026, or 5% less than the same period last year. The decline was mainly driven by significantly higher costs to transport cat litter products. These headwinds were partially offset by increased sales and lower SG&A expenses.
The Company will host its fourth quarter fiscal year 2026 earnings discussion virtually via a live webcast on Friday, October 9, 2026 at 10:00 a.m. Central Time. Participation details are available on the Company’s website’s Events page.
###
“Oil-Dri” and “Cat's Pride” are registered trademarks of Oil-Dri Corporation of America and its subsidiaries.
About Oil-Dri Corporation of America
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals.
Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are based on management’s current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us. In addition, we, or others on our behalf, may make forward-looking statements in other press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as “expect,” “outlook,” “forecast,” “would,” “could,” “should,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “assume,” “potential,” “strive,” and variations of such words and similar references to future periods.
Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described in our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except to the extent required by law, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
Non-GAAP Financial Measures
To supplement our consolidated financial statements prepared in accordance with generally accepted accounting principles (“GAAP”), we provide certain non-GAAP financial measures in this press release as supplemental financial metrics. In particular, EBITDA is a non-GAAP financial measure provided herein. We provide a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure below.
The non-GAAP financial measures we use may not be the same or calculated in the same manner as those used and calculated by other companies. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for our financial results prepared and reported in accordance with GAAP. We believe that certain non-GAAP measures may be helpful to investors and others in understanding and evaluating our operating results, and we urge investors to review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included in this release, and not to rely on any single financial measure to evaluate our business.
Contact:
Leslie A. Garber
Director of Investor Relations
Oil-Dri Corporation of America
InvestorRelations@oildri.com
(312) 321-1515
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Fourth Quarter Ended July 31,
2026 % of Sales 2025 % of Sales
Net Sales $ 129,292 100.0 % $ 125,212 100.0 %
Cost of Goods Sold (93,307) (72.2) % (90,379) (72.2) %
Gross Profit 35,985 27.8 % 34,833 27.8 %
Selling, General and Administrative Expenses (17,743) (13.7) % (19,189) (15.3) %
Operating Income 18,242 14.1 % 15,644 12.5 %
Other Expense, Net (158) (0.1) % (143) (0.1) %
Income Before Income Taxes 18,084 14.0 % 15,501 12.4 %
Income Taxes Expense (3,666) (2.8) % (2,446) (2.0) %
Net Income 14,418 11.2 % 13,055 10.4 %
Earnings Per Share: Basic Common $ 1.07 $ 0.96
Basic Class B $ 0.81 $ 0.72
Diluted Common $ 1.00 $ 0.89
Diluted Class B $ 0.81 $ 0.72
Avg Shares Outstanding: Basic Common 9,851 9,911
Basic Class B 4,048 4,002
Diluted Common 13,899 13,913
Diluted Class B 4,048 4,002
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Twelve Months Ended July 31,
2026 % of Sales 2025 % of Sales
Net Sales $ 493,844 100.0 % $ 485,572 100.0 %
Cost of Goods Sold (356,334) (72.2) % (342,489) (70.5) %
Gross Profit 137,510 27.8 % 143,083 29.5 %
Selling, General and Administrative Expenses (69,528) (14.1) % (74,863) (15.4) %
Income from Operations 67,982 13.8 % 68,220 14.0 %
Other Income (Expense), Net 1,501 0.3 % (2,009) (0.4) %
Income Before Income Taxes 69,483 14.1 % 66,211 13.6 %
Income Taxes Expense (12,514) (2.5) % (12,215) (2.5) %
Net Income 56,969 11.5 % 53,996 11.1 %
Earnings Per Share: Basic Common $ 4.23 $ 3.99
Basic Class B $ 3.18 $ 3.00
Diluted Common $ 3.92 $ 3.70
Diluted Class B $ 3.18 $ 3.00
Avg Shares Outstanding: Basic Common 9,876 9,889
Basic Class B 4,038 3,994
Diluted Common 13,914 13,883
Diluted Class B 4,038 3,994
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
As of July 31, As of July 31,
2026 2025
Current Assets
Cash and Cash Equivalents $ 73,700 $ 50,458
Accounts Receivable, Net 75,438 69,370
Inventories, Net 53,489 51,594
Prepaid Expenses and Other Current Assets 6,020 5,961
Total Current Assets 208,647 177,383
Property, Plant and Equipment, Net 160,215 149,704
Other Assets 59,924 65,137
Total Assets $ 428,786 $ 392,224
Current Liabilities
Current Maturities of Notes Payable $ 1,000 $ 1,000
Accounts Payable 16,118 16,808
Dividends Payable 3,017 2,444
Other Current Liabilities 47,909 48,935
Total Current Liabilities 68,044 69,187
Noncurrent Liabilities
Long-term debt 37,857 38,817
Other Noncurrent Liabilities 25,155 25,160
Total Noncurrent Liabilities 63,012 63,977
Stockholders' Equity 297,730 259,060
Total Liabilities and Stockholders' Equity $ 428,786 $ 392,224
Book Value Per Share Outstanding $ 21.40 $ 18.66
Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
For the Twelve Months Ended
July 31,
2026 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income $ 56,969 $ 53,996
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and Amortization 23,200 22,042
Increase in Accounts Receivable (5,815) (7,789)
(Increase) Decrease in Inventories (1,875) 2,336
Decrease in Prepaid Expenses 55 191
Increase in Accounts Payable 6 926
(Decrease) Increase in Accrued Expenses (104) 2,384
Other 7,670 6,097
Total Adjustments 23,137 26,187
Net Cash Provided by Operating Activities 80,106 80,183
CASH FLOWS FROM INVESTING ACTIVITIES
Capital Expenditures (34,209) (32,562)
Other Investing Activities 1,334 36
Net Cash Used in Investing Activities (32,875) (32,526)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on Revolving Credit Facility (1,000) (11,000)
Dividends Paid (10,376) (8,395)
Purchases of Treasury Stock (12,574) (2,349)
Net Cash Used In Financing Activities (23,950) (21,744)
Effect of exchange rate changes on Cash and Cash Equivalents (39) 64
Net Increase in Cash and Cash Equivalents 23,242 25,977
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 50,458 24,481
Cash, Cash Equivalents and Restricted Cash, End of Period $ 73,700 $ 50,458
Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(in thousands)
Fourth Quarter Year to Date
Ended July 31, Ended July 31,
2026 2025 2026 2025
GAAP: Net Income $ 14,418 $ 13,055 $ 56,969 $ 53,996
Depreciation and Amortization $ 6,014 $ 5,651 $ 23,200 $ 22,042
Interest Expense $ 551 $ 546 $ 2,199 $ 2,434
Interest Income $ (529) $ (340) $ (1,616) $ (698)
Income Tax Expense $ 3,666 $ 2,446 $ 12,514 $ 12,215
EBITDA $ 24,120 $ 21,358 $ 93,266 $ 89,989
EX-99.2
EX-99.2
Filename: odcf26q4ex992-dividendrele.htm · Sequence: 3
Document
410 N. Michigan Ave. Chicago, Illinois 60611, U.S.A
News Announcement
For Immediate Release
Exhibit 99.2
Oil-Dri's Board of Directors Appoints Anthony W. Parker as an Executive Officer
and Declares Quarterly Dividends
CHICAGO—(October 7, 2026)—The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today appointed Anthony W. Parker, Vice President, General Counsel & Secretary, as an executive officer of the Company.
Mr. Parker joined Oil-Dri in June 2018 as Assistant General Counsel. He was promoted to Vice President, Legal in November 2023 and, in December 2024, became Vice President, General Counsel & Secretary. In his current role, he oversees Oil-Dri’s legal and regulatory affairs and advises the Company and its Board of Directors on corporate governance, securities matters, business transactions, and strategic initiatives. Mr. Parker also serves as a board member of the Sorptive Minerals Institute.
Daniel S. Jaffee, President and Chief Executive Officer, stated, “Tony’s appointment recognizes the leadership, sound judgment, and strategic counsel he has provided across Oil-Dri. His extensive legal expertise and deep understanding of our business will continue to support disciplined decision making and the Company’s long-term growth.”
Oil-Dri’s Board also declared quarterly cash dividends of $0.225 per share of the Company’s Common Stock and $0.168 per share of the Company’s Class B Stock.
The cash dividends will be payable on November 20, 2026 to stockholders of record at the close of business on November 6, 2026. Oil-Dri has paid cash dividends continuously each year since 1974 and has increased dividends annually for twenty-three consecutive years.
The Company’s press release outlining its performance for the fourth quarter of fiscal year 2026 will be issued after the close of the U.S. stock market on Thursday, October 8, 2026. Oil-Dri will host an earnings discussion via a live webcast on Friday, October 9, 2026 at 10:00 a.m. Central Time. Participation details are posted on the Company’s website’s Events page.
About Oil-Dri Corporation of America
Oil-Dri Corporation of America (“Oil-Dri”) is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With
over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals. To learn more about the Company, please visit oildri.com.
Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are based on management’s current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us. In addition, we, or others on our behalf, may make forward-looking statements in other press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as “expect,” “outlook,” “forecast,” “would,” “could,” “should,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “assume,” “potential,” “strive,” and variations of such words and similar references to future periods.
Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described in our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except to the extent required by law, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
Contact:
Leslie A. Garber
Director of Investor Relations
Oil-Dri Corporation of America
InvestorRelations@oildri.com
(312) 321-1515
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Cover Page Document
Oct. 08, 2026
Document Information [Line Items]
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Document Period End Date
Oct. 08, 2026
Written Communications
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Pre-commencement Tender Offer
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Entity Information [Line Items]
Entity Registrant Name
OIL-DRI CORPORATION OF AMERICA
Entity Incorporation, State or Country Code
DE
Entity File Number
001-12622
Entity Tax Identification Number
36-2048898
Entity Emerging Growth Company
false
Entity Central Index Key
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Entity Addresses [Line Items]
Entity Address, Address Line One
410 North Michigan Avenue
Entity Address, Address Line Two
Suite 400
Entity Address, City or Town
Chicago
Entity Address, State or Province
IL
Entity Address, Postal Zip Code
60611-4213
City Area Code
312
Local Phone Number
321-1515
Entity Listings [Line Items]
Title of 12(b) Security
Common Stock, par value $0.10 per share
Trading Symbol
ODC
Security Exchange Name
NYSE
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Area code of city
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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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Address Line 1 such as Attn, Building Name, Street Name
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Address Line 2 such as Street or Suite number
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Name of the City or Town
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Name of the state or province.
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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Indicate if registrant meets the emerging growth company criteria.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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Two-character EDGAR code representing the state or country of incorporation.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Local phone number for entity.
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
-Number 240
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-Subsection 4c
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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Name of the Exchange on which a security is registered.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
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Trading symbol of an instrument as listed on an exchange.
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No definition available.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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