ODC earnings analysis
What we found in ODC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Oil-Dri Corporation reported Q3 FY2026 revenue of $126.3 million, representing a 9% increase from $115.5 million in the prior year. Gross profit was up 2% to $33.7 million, while diluted EPS increased significantly by 25% to $14.5 million. However, the company faced margin compression with a gross margin decline to 26.7% compared to 28.6% last year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Q3 FY2026 revenue reached $126.3M, a 9% YoY increase from $115.5M.
- Improved Diluted EPS
- Diluted EPS increased 25% to $14.5M in Q3 FY2026 from $11.6M in Q3 FY2025.
- Stable Operating Income Growth
- Operating income rose 23% to $17.1M compared to $13.9M in the prior year.
- Reduced SG&A Expenses
- SG&A declined 13% to $16.6M from $19.1M in the previous year due to lower corporate bonuses.
- Increase in Cash and Equivalents
- Total cash and equivalents grew by $12.5M, reaching $62.9M by end of Q3 FY2026.
- Segment Revenue Growth in Retail
- Retail and Wholesale segment sales increased by 13% in Q3 FY2026 led by cat litter sales.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Manufacturing Costs
- Domestic per ton manufacturing costs rose 9% YoY, impacting margins significantly.
- Dependence on Retail Market
- Negative trends in animal health sales, down 17%, could affect future revenue.
- Geopolitical Uncertainties
- Broader market volatility due to geopolitical tensions may impact input costs in future periods.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $14.526
- Gross margin
- 26.7%
- Operating margin
- 13.5%
- Segment
- Retail and Wholesale
- Segment
- Business to Business
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-Q · March 11, 2026
- Oil‑Dri reported Q2 FY2026 net sales of $117.737 million (up 1% YoY) and diluted EPS of $0.87. Margins compressed — gross margin fell to 27.4% (from 29.5% a year ago) and income from operations declined 10% YoY to…
- 10-Q · December 9, 2024
- Oil‑Dri reported a strong quarter: consolidated net sales rose to $127.9 million (up $16.5 million or 15% year-over-year) and gross margin expanded to 32% from 28%, driving record quarterly net income of $16.4 million…
- 10-K · October 10, 2024
- The 10-K positions Oil‑Dri as a vertically integrated sorbents company with two reportable segments (Retail & Wholesale and Business-to-Business) and an expanded product portfolio after the May 1, 2024 acquisition of…
- 10-Q · December 11, 2023
- Oil‑Dri reported a strong first quarter (ended Oct 31, 2023) with consolidated net sales of $111.4 million, a 13% increase versus $98.5 million a year earlier, and margin expansion (gross margin 28% vs 23%). Gross…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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