ODC Oil-Dri Corp. Of America

Oil-Dri Corp. of America develops, manufactures, and markets sorbent products. It operates through the following segments: Retail and Wholesale Products Group and Business to Business Products Group. The Retail and Wholesale Products Group segment includes mass merchandisers, wholesale clubs, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, distributors of industrial cleanup and automotive products, environmental service companies, and sports field product users. The Business to Business Products Group segment focuses on processors and refiners of edible oils, petroleum-based oils and biodiesel fuel, manufacturers of animal feed and agricultural chemicals, distributors of animal health and nutrition products, and marketers of consumer products. The company was founded by Nick Jaffee in 1941 and is headquartered in Chicago, IL.
Company profile
Ticker
ODC
Exchange
Website
CEO
Daniel Jaffee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Brady • Hillenbrand • Array • Jason Industries • Daktronics • PlayAGS • Summer Infant • Amcor • TRANS LUX • Dogness ...
Former names
OIL DRI CORP OF AMERICA, OIL DRI CORPORATION OF AMERICA
SEC CIK
Corporate docs
IRS number
362048898
ODC stock data
()
Press releases
Amlan International Names Jay Hughes as Regional Technical Service Manager for North America
1 Apr 21
Oil-Dri Announces Appointment of Matthew J. Daley as New Vice President, Corporate Controller and Declares Quarterly Dividends
12 Mar 21
Oil-Dri Corp. of America to Host Earnings Call
12 Mar 21
Oil-Dri Announces Record Sales for the Second Quarter and First Six-Months of Fiscal 2021
11 Mar 21
Amlan International Names Wade Robey as Vice President, Marketing and Product Development
4 Mar 21
Calendar
11 Mar 21
18 Apr 21
31 Jul 21
Financial summary
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 30.71M | 30.71M | 30.71M | 30.71M | 30.71M | 30.71M |
Cash burn (monthly) | 194.33K | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 508.77K | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 30.2M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 155.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Mar 21 | Jaffee Daniel S | Common Stock | Conversion | Aquire C | No | No | 0 | 266 | 0 | 266 |
12 Mar 21 | Jaffee Daniel S | Class B Stock Common Stock | Conversion | Dispose C | No | No | 0 | 266 | 0 | 452,634 |
11 Mar 21 | Jaffee Daniel S | Common Stock | Sell | Dispose S | No | Yes | 37.86 | 266 | 10.07K | 0 |
11 Mar 21 | Jaffee Daniel S | Common Stock | Sell | Dispose S | No | Yes | 37.61 | 4,220 | 158.71K | 0 |
11 Mar 21 | Jaffee Daniel S | Common Stock | Conversion | Aquire C | No | No | 0 | 4,220 | 0 | 4,220 |
11 Mar 21 | Jaffee Daniel S | Class B Stock Common Stock | Conversion | Dispose C | No | No | 0 | 4,220 | 0 | 452,900 |
10 Mar 21 | Matthew Daley | Common Stock | Grant | Aquire A | No | No | 37.72 | 5,000 | 188.6K | 5,000 |
10 Mar 21 | Jaffee Daniel S | Common Stock | Sell | Dispose S | No | Yes | 37.6 | 4,710 | 177.1K | 0 |
10 Mar 21 | Jaffee Daniel S | Common Stock | Conversion | Aquire C | No | No | 0 | 4,710 | 0 | 4,710 |
10 Mar 21 | Jaffee Daniel S | Class B Stock Common Stock | Conversion | Dispose C | No | No | 0 | 4,710 | 0 | 457,120 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
68.9% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 67 |
Opened positions | 6 |
Closed positions | 8 |
Increased positions | 22 |
Reduced positions | 24 |
13F shares |
Current |
---|---|
Total value | 198.55M |
Total shares | 3.72M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
GBL Gamco Investors | 493.51K | $16.82M |
TROW T. Rowe Price | 457.26K | $15.58M |
Dimensional Fund Advisors | 400.42K | $13.65M |
Renaissance Technologies | 390.15K | $13.3M |
BLK Blackrock | 307.02K | $10.46M |
Vanguard | 304.14K | $10.37M |
STT State Street | 113.74K | $3.88M |
WFC Wells Fargo & Co. | 109.59K | $3.74M |
Punch & Associates Investment Management | 100.69K | $3.43M |
Gabelli Funds | 83.3K | $2.84M |
Financial report summary
?Risks
- Our future growth and financial performance depend in large part on successful new product introductions.
- We face intense competition in our markets.
- Our periodic results may be volatile.
- Our business could be adversely affected by a widespread threat to public health.
- Acquisitions involve a number of risks, any of which could cause us not to realize the anticipated benefits.
- We depend on a limited number of customers for a large portion of our net sales.
- Price or trade concessions, or the failure to make them to retain customers, could adversely affect our sales and profitability.
- Increases in energy, commodity and transportation costs would increase our operating costs, and we may be unable to pass all these increases on to our customers in the form of higher prices and surcharges.
- Our business could be negatively affected by supply, capacity, information technology and logistics disruptions or the costs incurred to avoid these disruptions.
- Technology failures or cyber security breaches could have an adverse effect on the Company's business and operations.
- Changes in inventory strategy by our customers as well as other external factors could adversely affect our sales and increase our inventory risk.
- Environmental, health and safety matters create potential compliance and other liability risks.
- Government regulation imposes significant costs on us, and future regulatory changes (or related customer responses to regulatory changes) could increase those costs or limit our ability to produce and sell our products.
- Failure to maintain a level of corporate social responsibility could damage our reputation and could adversely affect our business, financial condition or results of operations.
- We depend on our mining operations for a majority of our supply of sorbent minerals.
- We may not be successful in acquiring adequate additional reserves in the future.
- Failure to effectively utilize or successfully assert intellectual property rights, and the loss or expiration of such rights, could materially adversely affect our competitiveness. Infringement of third-party intellectual property rights could result in costly litigation and/or the modification or discontinuance of our products.
- The loss of any key member of our senior management team may impede the implementation of our business plans in a timely manner.
- We face risks to our domestic and international sales and business operations due to economic, political, regulatory and other conditions.
- We may incur adverse safety events or product liability claims that may be costly, create adverse publicity and may add further governmental regulation.
- Failure to maintain effective internal control over financial reporting could have a material adverse effect on our business, operating results and stock price.
- Our principal stockholders have the ability to control matters requiring a stockholder vote and could delay, deter or prevent a change in control of our company.
- We are a “controlled company” within the meaning of the New York Stock Exchange (“NYSE”) rules and, as a result, qualify for, and intend to rely on, exemptions from certain corporate governance requirements.
- The market price for our Common Stock may be volatile.
- Future sales of our Common Stock could depress its market price.
- Future dividends on our common stock may be restricted or eliminated.
Management Discussion
- We develop, mine, manufacture and market sorbent products principally produced from clay minerals, primarily consisting of calcium bentonite, attapulgite and diatomaceous shale. Our principal products include agricultural and horticultural chemical carriers, animal health and nutrition products, cat litter, fluid purification and filtration bleaching clays, industrial and automotive floor absorbents and sports field products. Our products are sold to two primary customer groups, including customers who resell our products as originally produced to the end consumer and other customers who use our products as part of their production process or use them as an ingredient in their final finished product. We have two reportable operating segments based on the different characteristics of our two primary customer groups: the Retail and Wholesale Products Group and the Business to Business Products Group. Each operating segment is discussed individually below. Additional detailed descriptions of the operating segments are included in Item 1 “Business” above.
Content analysis
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Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
absence, air, anticipatory, assert, asserted, brought, challenged, chart, concentrated, Conversely, copyright, costly, defend, deploy, diminish, discontinuance, discontinue, discontinued, discontinuing, effort, enjoin, exceeded, failure, frozen, fruition, hand, harm, imbalance, intellectual, invalidated, invalidity, leadership, lockdown, marketplace, match, maximized, mentioned, modification, month, order, past, perfect, personnel, pressure, prevalent, program, put, resin, sale, secret, small, strong, substantial, type, undertaken, unsuccessful, volatility, voluntarily, winning, won
Removed:
voluntary
Financial reports
10-Q
2021 Q2
Quarterly report
11 Mar 21
10-Q
2020 Q1
Quarterly report
7 Dec 20
10-K
2020 FY
Annual report
13 Oct 20
10-Q
2020 Q3
Quarterly report
8 Jun 20
10-Q
2020 Q2
Quarterly report
5 Mar 20
10-Q
2020 Q1
Quarterly report
6 Dec 19
10-K
2019 FY
Annual report
10 Oct 19
10-Q
2019 Q3
Quarterly report
7 Jun 19
10-Q
2019 Q2
Quarterly report
11 Mar 19
10-Q
2019 Q1
Quarterly report
7 Dec 18
Current reports
8-K
Oil-Dri Announces Appointment of Matthew J. Daley as New Vice President, Corporate Controller and Declares Quarterly Dividends
12 Mar 21
8-K
Oil-Dri Announces Record Sales for the Second Quarter and First Six-Months of Fiscal 2021
11 Mar 21
8-K
Other Events
15 Jan 21
8-K
Oil-Dri Board of Directors Declares Quarterly Dividends
9 Dec 20
8-K
Oil-Dri Announces Strong First Quarter of Fiscal 2021 and Record First Quarter Net Sales
7 Dec 20
8-K
Oil-Dri Announces Appointment of Lawrence E. Washow as Vice Chairman of the Board and Declaration of Quarterly Dividends
14 Oct 20
8-K
Oil-Dri Announces Fourth Quarter and All-Time Record Fiscal 2020 Results
13 Oct 20
8-K
Regulation FD Disclosure
15 Jul 20
8-K
Oil-Dri Increases Dividends for the 17th Year in a Row
9 Jun 20
8-K
Oil-Dri Announces Third Quarter and First Nine-Months of Fiscal 2020 Results
8 Jun 20
Registration and prospectus
S-8
Registration of securities for employees
5 Mar 20
POS AM
Prospectus update (post-effective amendment)
9 Oct 14
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Oct 14
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Oct 14
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Oct 14
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Oct 14
S-8
Registration of securities for employees
20 Dec 06
S-8
Registration of securities for employees
25 Apr 02
S-8
Registration of securities for employees
25 Apr 02
S-8
Registration of securities for employees
23 Jun 98
Proxies
DEFA14A
Additional proxy soliciting materials
27 Oct 20
DEF 14A
Definitive proxy
27 Oct 20
DEF 14A
Definitive proxy
30 Oct 19
DEFA14A
Additional proxy soliciting materials
30 Oct 19
DEFA14A
Additional proxy soliciting materials
30 Oct 18
DEF 14A
Definitive proxy
30 Oct 18
DEF 14A
Definitive proxy
29 Oct 17
DEFA14A
Additional proxy soliciting materials
29 Oct 17
DEF 14A
Definitive proxy
31 Oct 16
DEF 14A
Definitive proxy
27 Oct 15
Other
CT ORDER
Confidential treatment order
3 Nov 16
EFFECT
Notice of effectiveness
15 Oct 14
UPLOAD
Letter from SEC
30 Jul 13
CORRESP
Correspondence with SEC
25 Jul 13
UPLOAD
Letter from SEC
16 Jul 13
CT ORDER
Confidential treatment order
8 May 11
CT ORDER
Confidential treatment order
8 May 11
CT ORDER
Confidential treatment order
8 May 11
UPLOAD
Letter from SEC
14 Apr 09
CORRESP
Correspondence with SEC
12 Apr 09
Ownership
4
Oil-Dri Corp of America / Matthew Daley ownership change
12 Mar 21
4
Oil-Dri Corp of America / DANIEL S JAFFEE ownership change
12 Mar 21
3
Oil-Dri Corp of America / Matthew Daley ownership change
12 Mar 21
4
Oil-Dri Corp of America / DANIEL S JAFFEE ownership change
10 Mar 21
SC 13G/A
Oil-Dri Corp of America / PRICE T ROWE ASSOCIATES ownership change
16 Feb 21
SC 13G/A
Oil-Dri Corp of America / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G/A
Oil-Dri Corp of America / RENAISSANCE TECHNOLOGIES ownership change
11 Feb 21
SC 13G
Oil-Dri Corp of America / VANGUARD ownership change
10 Feb 21
SC 13G/A
Oil-Dri Corp of America / BlackRock ownership change
29 Jan 21
4
Oil-Dri Corp of America / ALLAN H SELIG ownership change
21 Jan 21
Transcripts
2021 Q2
Earnings call transcript
12 Mar 21
2021 Q1
Earnings call transcript
8 Dec 20
2020 Q4
Earnings call transcript
14 Oct 20
2020 Q3
Earnings call transcript
10 Jun 20
2020 Q2
Earnings call transcript
6 Mar 20
2020 Q1
Earnings call transcript
11 Dec 19
2019 Q4
Earnings call transcript
11 Oct 19
2019 Q3
Earnings call transcript
10 Jun 19
2019 Q2
Earnings call transcript
11 Mar 19
2019 Q1
Earnings call transcript
11 Dec 18
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