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CHICAGO, March 11, 2021 (GLOBE NEWSWIRE) — Oil-Dri Corporation of America (NYSE: ODC), producer and marketer of sorbent mineral products, today announced results for its second quarter and first six-months of fiscal year 2021. Second Quarter Year to Date Ended January 31 Ended January 31 2021 2020 Change 2021 2020 Change Consolidated Results Net Sales $74,500,000 $71,005,000 5% $150,597,000 $142,127,000 6% Net Income Attributable to Oil-Dri $4,299,000 $4,830,000 (11)% $8,283,000 $8,366,000 (1)% Earnings per Common Diluted Share $0.61 $0.67 (9)% $1.17 $1.17 —% Business to Business Net Sales $26,283,000 $24,471,000 7% $53,805,000 $50,949,000 6% Segment Operating Income $7,663,000 $7,552,000 1% $15,859,000 $15,848,000 —% Retail and Wholesale Net Sales $48,217,000 $46,534,000 4% $96,792,000 $91,178,000 6% Segment Operating Income $4,111,000 $5,608,000 (27)% $8,589,000 $8,968,000 (4)% Daniel S. Jaffee, President and Chief Executive Officer, stated, “We delivered another solid quarter of topline growth and set a record for second quarter consolidated net sales. This successful performance demonstrates our dedicated focus on two primary growth drivers of our business, mineral-based animal feed additives and lightweight cat litter. With the addition of new leadership, sales personnel, and a renewed marketing strategy, we experienced a significant increase in demand for our animal health products. Our […]
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