Oil-Dri Corporation of America announced results for its first quarter of fiscal year 2026.
Consolidated net sales for the first quarter of fiscal 2026 were $120.5 million, down 6% from the prior year period.
Despite a year-over-year decline in gross margins, Oil-Dri delivered the second highest quarterly gross profit and net income results in its history.
Quarterly Results
Consolidated net sales decreased by 6% compared to the prior year period.
Gross Profit
First quarter of fiscal 2026 gross profit was $35.5 million, a 13% decline from the prior year.
Income from Operations
Consolidated income from operations was $17.0 million in the first quarter of fiscal year 2026.
- The decline in net sales was driven by reduced volumes in fluids purification and cat litter businesses.
- Despite challenges, Oil-Dri achieved all-time high net sales from agricultural products.
- The Company reported increased revenues from its co-packaging cat litter business compared to the prior year.
Oil-Dri's performance in the first quarter of fiscal year 2026 reflects discipline in growth strategies and delivering value to shareholders amidst challenging year-over-year comparisons.