Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/74046/000007404618000046/odc10k7312018.htm
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.
View differences made from one year to another to evaluate Oildri Corp Of America's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Oildri Corp Of America.
Oildri Corp Of America
Email AlertsAnnual Reports
- 10-K Annual Report October 2019
-
10-K Annual Report October 2018
- 10-K Annual Report October 2017
- 10-K Annual Report October 2016
- 10-K Annual Report October 2015
- 10-K Annual Report October 2014
- 10-K Annual Report October 2013
- 10-K Annual Report October 2012
- 10-K Annual Report October 2011
- 10-K Annual Report October 2010
