Oildri Corp Of America (ODC) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, July 31, 2018

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Oildri Corp Of America
Ticker: ODC CIK: 74046

410 N. Michigan Ave. Chicago, Illinois 60611, U.S.A

News Announcement

For Immediate Release

Exhibit 99.1

Oil-Dri Announces Fourth Quarter and Fiscal 2018 Results

CHICAGO-(October 12, 2018)-Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, announced today its fourth quarter and fiscal year 2018 earnings.



	Fourth Quarter			Fiscal Year
	Ended July 31, 2018			Ended July 31, 2018

	F18	F17	Change	F18	F17	Change
Consolidated Results
Net Sales	$65,613,000	$65,776,000	—%	$266,000,000	$262,307,000	1%
Net Income Attributable to Oil-Dri	$2,701,000	$1,322,000	104%	$8,240,000	$10,792,000	(24)%
Earnings per Diluted Share	$0.36	$0.18	100%	$1.11	$1.47	(24)%
Business to Business
Net Sales	$25,817,000	$25,526,000	1%	$105,043,000	$100,419,000	5%
Segment Operating Income	$8,929,000	$8,310,000	7%	$35,120,000	$33,343,000	5%
Retail and Wholesale
Net Sales	$39,796,000	$40,250,000	(1)%	$160,957,000	$161,888,000	(1)%
Segment Operating Income	$(35,000)	$779,000	N/A	$6,975,000	$6,775,000	3%

Daniel S. Jaffee stated, “Every fiscal year we are finding new and better ways to deliver on our mission to Create Value From Sorbent Minerals. In fiscal 2018, our consolidated results were negatively impacted by a one-time tax expense increase of approximately $0.54 per diluted share and incremental spending for our new enterprise resource planning (ERP) system. However, we are confident this short-term system investment will yield positive long-term results.

We continued to experience exciting sales growth in value-added areas of our business, such as our animal health products, lightweight cat litter, agricultural products and our fluids purification products. However, consolidated gross profit decreased due primarily to higher freight, packaging and non-fuel manufacturing costs.

Reagan B. Culbertson

Investor Relations Manager

Oil-Dri Corporation of America

InvestorRelations@oildri.com

(312) 321-1515

The following information was filed by Oildri Corp Of America (ODC) on Friday, October 12, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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