Oil-Dri Announces Record Sales and Record Earning Per Share for the Fiscal Year Ended July 31,...

Friday October 10, 4:30 pm ET CHICAGO, Oct. 10 /PRNewswire-FirstCall/ -- Oil-Dri Corporation of America (NYSE: ODC - News ) today announced that the combination of increased unit shipments and higher per unit selling prices contributed to record sales and increased earnings for both the fourth quarter and the fiscal year ended July 31, 2008. The Company reported net sales for the fiscal year of $232,359,000, a 10% increase compared with net sales of $212,117,000 for the previous fiscal year. Net income for the fiscal year was $9,039,000, or $1.25 per diluted share, a 15% increase compared with net income of $7,660,000, or $1.09 per diluted share, for fiscal 2007. The $1.25 earnings per diluted share for fiscal 2008 eclipsed the previous high mark of $1.13, adjusted for stock splits. Net sales for the quarter were $59,505,000,... [read full story]