Oil-Dri Corp. of America (ODC) shares surged 5.12% in intraday trading on Wednesday, propelled by the company's impressive first-quarter fiscal 2025 earnings results.
For the quarter ended November 30, 2024, ODC reported a 15% year-over-year increase in revenue to $127.9 million. Net income soared 53% to $15.6 million, driven by higher sales and expanded profit margins. Earnings per share jumped to $2.25 from $1.50 in the prior-year quarter, significantly exceeding analysts' estimates.
The company's profit margin expanded to 12%, up from 9.1% a year ago, reflecting its ability to effectively manage costs and drive operational efficiencies. With robust financial performance and a strong start to the fiscal year, investors responded positively, bidding up ODC's stock price during Wednesday's trading session.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.