Oil-Dri Q3 net sales rise, driven by cat litter demand

Oil-Dri of America

08/06/2026 21:15

Overview
Sorbent mineral producer's fiscal Q3 net sales rose 9% yr/yr, driven by cat litter demand
Fiscal Q3 diluted EPS up 25% yr/yr; gross margin declined on higher input costs
Company shifted revenue into Q3 after supply chain recovery from Winter Storm Fern

Outlook
Oil-Dri expects to achieve its annual plan and surpass last year's net income
Company warns ongoing geopolitical unrest and higher transportation and input costs could create headwinds

Result Drivers
CAT LITTER DEMAND - Higher cat litter sales, including record volumes and expanded product offerings, were the main driver of revenue growth
EXPENSE MANAGEMENT - Lower selling, general and administrative expenses, mainly from reduced corporate bonus accruals, supported higher operating income
HIGHER COSTS - Increased per ton domestic cost of goods sold eroded gross margins despite higher sales

Company press release: ID:nGNX9KPGTJ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
 
$126.33 mln
 
Q3 EPS
 
$1
 
Q3 Net Income
 
$14.53 mln
 
Q3 Gross Profit
 
$33.73 mln
 
Q3 Operating Income
 
$17.09 mln
 
Q3 Pretax Profit
 
$17.91 mln

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)