oildrilogo_imagea17.gif
410 N. Michigan Ave. Chicago, Illinois 60611, U.S.A

News Announcement
For Immediate Release
 
Exhibit 99.1

Oil-Dri Announces Second Quarter and First Six-Months of Fiscal 2019 Results

CHICAGO-(March 11, 2019)-Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its second quarter and first six-months of fiscal 2019.

 
Second Quarter
Year to Date
 
Ended January 31, 2019
Ended January 31, 2019
 
 
 
 
 
 
 
 
F19
F18
Change
F19
F18
Change
Consolidated Results
 
 
 
 
 
 
Net Sales
$69,880,000
$68,894,000
1%
$136,023,000
$135,540,000
—%
Net Income Attributable to Oil-Dri
$2,287,000
($1,096,000)
N/A
$3,193,000
$1,954,000
63%
Earnings per Diluted Share
$0.30
($0.15)
N/A
$0.42
$0.26
62%
Business to Business
 
 
 
 
 
 
Net Sales
$26,458,000
$27,355,000
(3)%
$51,784,000
$54,442,000
(5)%
Segment Operating Income
$7,272,000
$9,759,000
(25)%
$14,304,000
$18,635,000
(23)%
Retail and Wholesale
 
 
 
 
 
 
Net Sales
$43,422,000
$41,539,000
5%
$84,239,000
$81,098,000
4%
Segment Operating Income
$2,653,000
$2,422,000
10%
$2,662,000
$4,787,000
(44)%



Daniel S. Jaffee, President and CEO, stated, “Our financial results are disappointing but reflect short-term growing pains and industry-wide challenges. While some of the negative impacts were anticipated, some were not. However, as I have stated previously, I am confident that our long-term strategies are working. We are gaining traction in our focused markets, and as Head Coach of the Oil-Dri Team, I can assure you we have every intention of staying the course and winning over the long run.


 
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 Monday, March 11, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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