Record-Breaking Financial Performance
Oil-Dri Corporation reported record net sales, gross profit, and net income for fiscal 2023, 2024, and the first quarter of fiscal 2025. The company also completed the largest acquisition in its history with Ultra Pet Company and doubled its dividend from $0.04 to $0.08 per share.
Strong Growth in Fluids Purification
The Fluids Purification segment reported significant growth, driven by renewable diesel and SAF markets. Sales reached $92 million last year, and the segment is on track for record sales in fiscal 2025.
Successful Ultra Pet Acquisition
The Ultra Pet acquisition was successfully integrated into Oil-Dri's ERP system, and the business is performing well with expanded distribution.
Operational Efficiency and Service
Oil-Dri achieved world-class service levels with a 99.7% case fill rate and over 90% on-time delivery for seven consecutive quarters.
Stock Split Approval
Shareholders approved a 2-for-1 stock split, with trading on a post-split basis beginning on January 6.