Oil-Dri Announces Fourth Quarter and Fiscal Year 2011 Results

Oil-Dri Corporation of America (NYSE:ODC) reported net sales of $226,755,000 for the fiscal year ended July 31, 2011.

As quoted in the press release:

Net sales for the fourth quarter were $57,731,000, a 6% increase compared with net sales of $54,653,000 in the same quarter one year ago. The Company reported net income for the quarter of $2,895,000, or $0.40 per diluted share, a 21% increase compared with net income of $2,416,000 or $0.33 per diluted share in the same quarter one year ago.

Oil-Dri Corporation of America’s President and Chief Executive Officer, Daniel S. Jaffee said:

“This year we were able to achieve moderate sales growth and maintain a strong balance sheet while investing heavily in a new product launch and continuing to invest in several key initiatives.

Click here to read the Oil-Dri Corporation of America (NYSE:ODC) press release