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Oil-Dri Declares Quarterly Cash Dividend Increase to 22.5 Cents
The board of directors of Oil-Dri Corporation declared a 2c increase in the company's quarterly cash dividend per share of common stock. The new dividend will be 22.5c per share of the company's common stock and 16.8c per share of the company's Class B stock, an approximate 10% increase for both classes of stock. The cash dividends will be payable on August 21 to stockholders of record at the close of business on August 7. The board of directors also authorized the repurchase of up to 500,000 shares of common stock. These shares are in addition to the 172,261 shares of common stock and 208,197 shares of Class B stock available for repurchase as of April 30 under prior authorizations from the board of directors.
Company Reports Q2 Revenue of $117.38M
Reports Q2 revenue $117.38M vs. $116.91M last year. Daniel Jaffee, president and CEO, stated, "Second quarter results were consistent with the expectations we set at the end of fiscal year 2025, as we faced another quarter of challenging year-over-year comparisons. Additionally, a severe weather event temporarily disrupted operations at several of our plants and delayed shipments at the end of the quarter, resulting in an expected meaningful shift of revenues into the next reporting period. Even with these headwinds, we delivered the highest second quarter consolidated net sales in our history, boosted by the strength of our agricultural and cat litter businesses. I am incredibly proud of our dedicated teammates who helped us navigate the winter storm and achieve full operational recovery. Our strategic priorities remain firmly on track, as we continue advancing key initiatives across the organization to support long-term growth. Our confidence in our business remains strong and is reflected in the repurchase of over 150,000 shares year-to-date. At this point in time, we are tracking to our annual plan. To the extent we are able continue this trend, we anticipate that we will surpass last year's annual net income."
Oil-Dri Corporation Increases Quarterly Cash Dividend by 2.5 Cents
Oil-Dri Corporation declared a 2.5c increase in the company's quarterly cash dividend per share of common stock, representing a 14% gain over the previous quarter. The approved dividends will be 20.5c per share of the company's Common Stock and 15.3c per share of the company's Class B Stock. The cash dividends will be payable on March 6, 2026 to stockholders of record at the close of business on February 20, 2026.
S&P 500 and Nasdaq Composite Both Decline
Equity markets started the week on the back foot, with S&P500, Nasdaq Composite, and Dow Industrials all turning in a negative session. Communication Services were the worst performing sector of the S&P 500, paced by more pronounced losses of over 2% by Alphabeton profit-taking and over-3% decline by Netflixafter a competitive bid for Warner Bros emerged out of Paramount, though Tech, and particularly Semiconductors were less pressured. In the opening hour of the evening session, U.S. stock futures are positive however, with S&P 500 e-minis and Nasdaq 100 up 0.2%. Nvidia's2% after-hours gain on President Trump's TruthSocial post allowing the company to ship H200 chips to China is helping restore positive sentiment.Elsewhere in corporate news, Toll Brotherswas the most notable earnings report afterhours, and shares slid on a bottom-line miss along with cautious sentiment in the management's outlook regarding soft demand in the homebuilding industry.In commodities, WTI Crude Oil fell back below $59 per barrel after Friday's lurch above $60, while precious metals traded little changed. Sentiment in fixed income is also in stand-by mode with the Fed decision and dot-plot update on Wednesday, even as Treasuries continue to sell off, with the yield on the 10-year benchmark coming within a basis point of 4.20% - the highest mark since late September.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Mama's Creationsup 19.1%ALSO HIGHER -Ares Managementup 7.0% after inclusion in S&P 500 indexSezzleup 6.6% after inclusion in S&P SmallCap 600 indexWave Life Sciencesup 6.3% after being upgraded to Outperform at RBC CapitalVital Farmsup 5.4% after inclusion in S&P SmallCap 600 indexNVIDIAup 2.2% after Trump TruthSocial post saying U.S. to allow H200 chip export to ChinaDOWN AFTER EARNINGS -Toll Brothersdown 4.2%Oil-Dri Corporation of Americadown 3.1%Oomadown 1.9%Phreesiadown 1.0%Yextdown 0.9%ALSO LOWER -Almonty Industriesdown 14.6% after equity offeringGraphic Packagingdown 5.0% after cutting FY25 guidance, CEO resignationKymera Therapeuticsdown 2.7% after equity offering
Company Reports Q1 Revenue of $120.49M
Reports Q1 revenue $120.49M vs. $127.95M last year. Daniel Jaffee, president and CEO, stated, "As expected, our strong results for the first quarter of fiscal year 2026 were measured against last year's record performance, creating challenging year-over-year comparisons. Even so, we delivered the second highest quarterly gross profit and net income results in our Company's history, reflecting the underlying strength and momentum of our business. We continued to execute our growth strategies with discipline, advanced key initiatives across our product portfolio, invested in opportunities that support long-term growth, and returned value to shareholders, all while generating substantial cash. With these fundamentals in place, we remain focused on the sustained expansion of our business in the future."
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