Oil-Dri Announces Fourth Quarter and Fiscal Year Results; EPS down 2%

Oil-Dri Corporation of America

today announced net sales of $219,050,000 for the fiscal year ended July 31, 2010, a 7% decrease compared with net sales of $236,245,000 for the previous fiscal year. Net income for the fiscal year was $9,458,000, or $1.30 per diluted share, a 2% decrease compared with net income of $9,586,000, or $1.33 per diluted share, for fiscal 2009. Net sales for the fourth quarter were $54,653,000, a 2% decrease compared with net sales of $55,934,000 in the same quarter one year ago. Net income for the quarter was $2,416,000, or $0.33 per diluted share, a 6% decrease compared with net income of $2,552,000 or $0.35 per diluted share, in the same quarter one year ago.