Recent Updates — ODC

Oil-Dri Corporation of America reported fiscal year 2026 net income of $57.0 million, a 6% increase over the prior year, driven by an all-time high in consolidated net sales of $493.8 million. The company also announced quarterly cash dividends of $0.225 per share for Common Stock and $0.168 per share for Class B Stock, payable on November 20, 2026 to holders of record as of November 6, 2026. Additionally, the Board appointed Anthony W. Parker as an executive officer. Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for pet care, animal health, fluids purification, agricultural ingredients, sports field, industrial and automotive markets.

On October 7, 2026, Oil-Dri Corporation of America entered into the Ninth Amendment to its Credit Agreement with BMO Bank N.A., increasing its revolving line of credit from $75 million to $100 million. The amendment also extends the termination date to October 7, 2031, reduces pricing by expanding the debt-to-earnings ratio, and removes the $100 million cumulative permitted acquisitions threshold while adding a restricted payments covenant. Additionally, the company executed Amendment No. 5 to its Note Purchase Agreement with PGIM, Inc., extending the shelf note issuance period to October 7, 2029, and increasing the aggregate principal amount of Shelf Notes that may be purchased from $75 million to $150 million. Oil-Dri Corporation of America manufactures specialty carbon black and adsorbents for industrial applications.

Oil-Dri Corporation of America announced its third quarter results of operations for the period ended April 30, 2026, and declared a quarterly cash dividend of $0.225 per share of Common Stock and $0.168 per share of Class B Stock. Additionally, the Board of Directors authorized an additional 500,000 shares of Common Stock for repurchase.