ODC

In the past six months (April-October 2026), Oil-Dri Corp. of America (ODC) stock experienced several notable events. In June 2026, the stock saw significant positive movement, with increases of +17.38% and +8.97%, following an announcement of Q3 fiscal year 2026 growth, a dividend hike, and an expanded buyback program. On June 24, 2026, Oil-Dri announced price increases to offset higher external costs. American Century group disclosed a 5.2% ownership in ODC on August 14, 2026. In October 2026, Oil-Dri delivered record annual financial results, including all-time high fourth-quarter sales and historic cash generation, with full-year sales of $493.8 million (up 2%), net income of $57.0 million (up 6%), and diluted EPS of $3.92 (up 6%). Fourth-quarter sales also reached a record $129.3 million (up 3%). The company's cash and cash equivalents reached a historic high of $73.7 million, a 45% increase from the prior year, and its total borrowing capacity was expanded from $200 million to $375 million. Despite record sales, gross margins were lower due to a 4% increase in per-ton domestic cost of goods sold, mainly from higher manufacturing and freight costs. The Board of Directors appointed Anthony W. Parker as an Executive Officer and declared quarterly dividends on October 7, 2026. An analyst downgrade from 'Buy' to 'Hold' was issued on October 2, 2026, due to the stock trading at fair value after a significant surge since August 2022.