Oil-Dri Corp of America Files Annual 10-K Report

TL;DR

Oil-Dri filed its 2024 10-K. Full financials and biz ops details inside.

AI Summary

Oil-Dri Corp of America filed its 10-K for the fiscal year ending July 31, 2024. The company, headquartered at 410 North Michigan Avenue, Suite 400, Chicago, IL 60611, operates in the Miscellaneous Manufacturing Industries sector. The filing covers financial performance and business operations for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Oil-Dri's financial health, operational performance, and strategic outlook for the fiscal year 2024.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags.

Key Numbers

• 20240731 — Fiscal Year End (The report covers the period ending on this date.)
• 20241010 — Filing Date (The date the 10-K was officially filed with the SEC.)

Key Players & Entities

• Oil-Dri Corp of America (company) — Filer of the 10-K report
• 410 North Michigan Avenue, Suite 400, Chicago, IL 60611 (location) — Company's business and mailing address
• 20240731 (date) — Fiscal year end date for the report

FAQ

Key Financial Figures

• $0.10 — ich Registered Common Stock, par value $0.10 per share ODC New York Stock Exchange
• $1.8 million — ur backlog of orders were approximately $1.8 million and $3.6 million respectively. Certain
• $3.6 million — ers were approximately $1.8 million and $3.6 million respectively. Certain customers place o

Filing Documents

• odc-20240731.htm (10-K) — 1799KB
• odcex4107312024.htm (EX-4.1) — 9KB
• odcex21107312024.htm (EX-21.1) — 13KB
• odcex23107312024.htm (EX-23.1) — 2KB
• odcex31107312024.htm (EX-31.1) — 21KB
• odcex32107312024.htm (EX-32.1) — 9KB
• odcex9507312024.htm (EX-95) — 43KB
• odcex9707312024.htm (EX-97) — 17KB
• odc-20240731_g1.jpg (GRAPHIC) — 390KB
• odc-20240731_g2.jpg (GRAPHIC) — 295KB
• 0000074046-24-000061.txt ( ) — 11656KB
• odc-20240731.xsd (EX-101.SCH) — 57KB
• odc-20240731_cal.xml (EX-101.CAL) — 119KB
• odc-20240731_def.xml (EX-101.DEF) — 453KB
• odc-20240731_lab.xml (EX-101.LAB) — 774KB
• odc-20240731_pre.xml (EX-101.PRE) — 569KB
• odc-20240731_htm.xml (XML) — 1487KB

Signatures

Signatures 84 Schedule II - Valuation and Qualifying Accounts 86

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain statements in this report, including, but not limited to, those under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" and those statements elsewhere in this report and other documents we file with the SEC, contain forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates, forecasts and projections about our future performance, our business, our beliefs and our management's assumptions. In addition, we, or others on our behalf, may make forward-looking statements in press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as "expect," "outlook," "forecast," "would," "could," "should," "project," "intend," "plan," "continue," "believe," "seek," "estimate," "anticipate," "may," "assume," "potential," "foresee," "predict," "possible," "commit," "design," "strive," and variations of such works and similar references to future periods. Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially, including, but not limited to, those described in Item 1A "Risk Factors" below and from time to time in our other documents we file with the SEC. Should one or more of these or other risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, intended, expected, believed, estimated, projected or planned. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except to the extent required by law, we do not have any intention or obligation t

– BUSINESS

ITEM 1 – BUSINESS O VERVIEW O F B USINESS Except as otherwise indicated herein or as the context otherwise requires, references to "Oil-Dri," the "Company," "we," "us" or "our" refer to Oil-Dri Corporation of America and its subsidiaries. Oil-Dri is a leader in developing, manufacturing and/or marketing sorbent products. Our sorbent products are principally produced from hydrated aluminosilicate minerals, primarily consisting of calcium bentonite, attapulgite and diatomaceous shale, which we refer to collectively as our "clay," our "minerals," or "Fuller's Earth." We surface mine our clay on leased or owned land near our manufacturing facilities in Mississippi, Georgia, Illinois and California. We produce both absorbent and adsorbent products from our clay. Absorbents, like sponges, draw liquids up into their many pores. Examples of our absorbent clay products are Cat's Pride and Jonny Cat branded premium cat litter, as well as other private label cat litters. Additional examples are our Oil-Dri branded floor absorbents, Amlan branded animal health and nutrition solutions for livestock, and Agsorb and Verge agricultural chemical carriers. Adsorbent products attract impurities in liquids, such as metals and surfactants, and form low-level chemical bonds. Examples of our adsorbent products include Ultra-Clear, Pure-Flo, Supreme, Perform, Select, Metal-X and Metal-Z which act as purification mediums for edible and non-edible oils. We also sell nonclay-based products, such as our Oil-Dri synthetic sorbents used for automotive, industrial and marine cleanup, silica gel-based crystal cat litter, and plastic cat litter box liners. Our principal products are described in more detail below. Oil-Dri Corporation of America was incorporated in Delaware in 1969 as the successor to an Illinois corporation incorporated in 1946 (which was the successor to a partnership that commenced business in 1941). For additional information on recent business developments including the

View Full Filing

View this 10-K filing on SEC EDGAR