Oil-Dri Reports Record Third Quarter Revenues and Strong Earnings Growth
Oil-Dri reported record Q3 revenues of $126.3 million, up 9% year-over-year, driven by elevated demand in cat litter and disciplined expense management. Net income surged 25% to $14.5 million, beating the prior year's $11.6 million, while operating income rose 23% to $17.1 million despite a compression in gross margins from 28.6% to 26.7% due to higher input costs.
Key figures
- Eps
- 1
- Revenue
- 126329000
- Guidance
- Expect to achieve annual plan and surpass last year’s net income
- Revenue Yoy
- 9%
- Ebitda
- 23770000
- Ebitda yoy
- 17%
- Net income
- 14526000
- Sga expense
- 16635000
- Ytd revenue
- 364552000
- Gross margin
- 26.7%
- Gross profit
- 33728000
- Net income yoy
- 25%
- Ytd net income
- 42551000
- Operating income
- 17093000
- Cash and equivalents
- 62941000
- Operating income yoy
- 23%
AI analysis
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