$ODC

OIL DRI CORP OF AMERICA

CIK:0000074046|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2026	Apr. 30, 2025	Apr. 30, 2026	Apr. 30, 2025
Net Sales	$ 126,329	$ 115,501	$ 364,552	$ 360,360
Cost of Goods Sold	(92,601)	(82,479)	(263,027)	(252,110)
Gross Profit	33,728	33,022	101,525	108,250
Selling, General and Administrative Expenses	(16,635)	(19,118)	(51,785)	(55,674)
Income from Operations	17,093	13,904	49,740	52,576
Other (Expense) Income
Interest expense	(537)	(548)	(1,648)	(1,888)
Interest income	386	122	1,087	358
Other, net	969	770	2,220	(336)
Total Other Income (Expense), Net	818	344	1,659	(1,866)
Income Before Income Taxes	17,911	14,248	51,399	50,710
Income Tax Expense	(3,385)	(2,604)	(8,848)	(9,769)
Net Income	$ 14,526	$ 11,644	$ 42,551	$ 40,941
Earnings Per Share [Abstract]
Dividends Declared Per Share (in dollars per share)	$ 0.2050	$ 0.1550	$ 0.590	$ 0.465
Common
Other (Expense) Income
Net Income	$ 11,097	$ 8,884	$ 32,501	$ 31,201
Earnings Per Share [Abstract]
Basic Common (in dollars per share)	$ 1.08	$ 0.86	$ 3.15	$ 3.03
Diluted Common (in dollars per share)	$ 1.00	$ 0.80	$ 2.93	$ 2.81
Average Shares Outstanding
Basic Common (in shares)	9,848	9,907	9,884	9,882
Diluted Common (in shares)	13,896	13,909	13,919	13,873
Class B
Other (Expense) Income
Net Income	$ 3,429	$ 2,760	$ 10,050	$ 9,740
Earnings Per Share [Abstract]
Basic Common (in dollars per share)	$ 0.81	$ 0.65	$ 2.37	$ 2.28
Diluted Common (in dollars per share)	0.81	0.65	2.37	2.28
Dividends Declared Per Share (in dollars per share)	$ 0.1530	$ 0.1165	$ 0.441	$ 0.350
Average Shares Outstanding
Basic Common (in shares)	4,048	4,002	4,035	3,991
Diluted Common (in shares)	4,048	4,002	4,035	3,991

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 42,551	$ 40,941
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,186	16,391
Non-cash stock-based compensation	4,077	3,880
Provision for bad debts and cash discounts	(169)	436
Loss on impairment of patent applications	0	48
Accretion of Asset Retirement Obligation	190	143
Loss on the disposals of property, plant and equipment	413	29
(Increase) Decrease in assets:
Accounts receivable	(6,203)	(3,816)
Inventories	(766)	(2,547)
Prepaid expenses	463	1,234
Deferred income taxes	73	(116)
Other assets	4,091	3,012
Increase (Decrease) in liabilities:
Accounts payable	(641)	495
Accrued expenses	(5,529)	(2,268)
Deferred compensation	642	548
Other liabilities	(3,170)	(3,422)
Total Adjustments	10,657	14,047
Net Cash Provided by Operating Activities	53,208	54,988
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(20,918)	(24,483)
Proceeds from sale of property, plant, and equipment	0	89
Acquisition of a business	0	(115)
Dispositions of short-term investments	312	0
Net Cash Used in Investing Activities	(20,606)	(24,509)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on revolving credit facility	0	(10,000)
Dividends paid	(7,626)	(6,290)
Purchase of treasury stock	(12,537)	(2,233)
Net Cash Used in Financing Activities	(20,163)	(18,523)
Effect of exchange rate changes on Cash and Cash Equivalents	44	38
Net Increase in Cash and Cash Equivalents	12,483	11,994
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	50,458	24,481
Cash, Cash Equivalents and Restricted Cash, End of Period	62,941	36,475
Supplemental disclosure of non-cash investing and financing activities:
Restricted Cash	0	0
Converted to unrestricted cash	0	(885)
Interest payments, net of amounts capitalized	1,152	1,172
Income tax payments, net of refunds	7,635	9,588
Change in capital expenditures in accounts payable	(2,323)	(2,253)
Change in capital expenditures in accrued expenses	(1,014)	(4,620)
Cash dividends declared and accrued	$ 2,750	$ 2,105

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2026	Jul. 31, 2025
Current Assets
Cash and cash equivalents	$ 62,941	$ 50,458
Accounts receivable, net of allowances of $1,065 and $1,493 at April 30, 2026 and July 31, 2025, respectively	75,772	69,370
Inventories, net	52,420	51,594
Prepaid expenses and other assets	5,212	5,961
Total Current Assets	196,345	177,383
Other Assets
Property, plant and equipment, net	150,799	149,704
Goodwill	16,017	16,017
Trademarks, trade names and patents, net of accumulated amortization of $724 and $693 at April 30, 2026 and July 31, 2025, respectively	6,575	6,603
Customer list, net of accumulated amortization of $10,124 and $9,278 at April 30, 2026 and July 31, 2025, respectively	18,061	18,907
Deferred income taxes	1,182	1,291
Operating lease right-of-use assets	13,440	14,219
Other	6,371	7,553
Total Other Assets	212,445	214,294
Total Assets	408,790	391,677
Current Liabilities
Current maturities of notes payable	1,000	1,000
Accounts Payable	13,848	16,808
Dividends payable	2,750	2,444
Operating lease liabilities	3,936	4,071
Accrued expenses	38,386	44,864
Total Current Liabilities	59,920	69,187
Noncurrent Liabilities
Long-term debt, net of unamortized debt issuance costs of $153 and $183 at April 30, 2026 and July 31, 2025, respectively	38,847	38,817
Deferred compensation	6,419	5,777
Long-term operating lease liabilities	10,546	11,296
Other	7,832	7,540
Total Noncurrent Liabilities	63,644	63,430
Total Liabilities	123,564	132,617
Stockholders’ Equity
Additional paid-in capital	70,344	66,138
Retained earnings	312,119	277,500
Accumulated other comprehensive income	976	969
Less Treasury Stock, at cost (5,095,266 Common and 416,544 Class B shares at April 30, 2026 and 4,902,881 Common and 380,628 Class B shares at July 31, 2025)	(100,213)	(87,540)
Total Stockholders' Equity	285,226	259,060
Total Liabilities & Stockholders’ Equity	408,790	391,677
Common
Stockholders’ Equity
Common Stock, Value, Issued	1,535	1,528
Class B
Stockholders’ Equity
Common Stock, Value, Issued	$ 465	$ 465