Oil‑Dri posts record FY 2026 sales, net income and historic cash balance
Oil‑Dri Corporation of America announced fiscal 2026 results that set new company records. Net sales reached $493.8 million, up 2% year‑over‑year, and net income rose 6% to $57.0 million. Fourth‑quarter revenue hit a record $129.3 million, a 3% increase, while cash and cash equivalents climbed to $73.7 million, the highest ever for the company. The company also returned capital to shareholders with $10.4 million in dividends and $12.6 million in share repurchases.
Why it matters
The record cash generation improves liquidity and may support future acquisitions or investments, as the company noted in its earnings call. The dividend increase and share‑repurchase activity signal confidence in cash flow and could attract income‑focused investors.
Key facts
- 1Fiscal 2026 net sales were $493.8 million, up 2% from the prior year. globenewswire.com
- 2Fiscal 2026 net income was $57.0 million, up 6% year‑over‑year. globenewswire.com
- 3Q4 2026 revenue was $129.3 million, a 3% increase over the prior quarter. globenewswire.com
- 4Q4 2026 net income was $14.4 million, up 10% from the prior year. globenewswire.com
- 5Cash and cash equivalents at year‑end were $73.7 million, up from $50.5 million. globenewswire.com
- 6Dividends paid in FY 2026 totaled $10.4 million and share repurchases $12.6 million. globenewswire.com
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.