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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2024
Jan. 31, 2023
Net Sales $ 105,668 $ 101,669 $ 217,106 $ 200,208
Cost of Goods Sold (74,726) (78,653) (155,173) (154,882)
Gross Profit 30,942 23,016 61,933 45,326
Selling, General and Administrative Expenses (15,777) (15,710) (33,612) (31,451)
Income from Operations 15,165 7,306 28,321 13,875
Other (Expense) Income        
Interest expense (362) (367) (723) (731)
Interest income 297 59 472 115
Other, net (418) (1,959) (558) (1,783)
Total Other Expense, Net (483) (2,267) (809) (2,399)
Income Before Income Taxes 14,682 5,039 27,512 11,476
Income Tax Expense (2,300) (1,193) (4,388) (2,400)
Net Income 12,382 3,846 23,124 9,076
Net Loss Attributable to Noncontrolling Interest 0 (10) 0 (21)
Net Income Attributable to Oil-Dri 12,382 $ 3,856 23,124 $ 9,097
Common Stock        
Other (Expense) Income        
Net Income Attributable to Oil-Dri $ 9,415   $ 17,597  
Net Income Per Share        
Basic Common (in dollars per share) $ 1.84 $ 0.58 $ 3.44 $ 1.37
Diluted Common (in dollars per share) $ 1.70 $ 0.56 $ 3.19 $ 1.34
Average Shares Outstanding        
Basic Common (in shares) 4,883 4,829 4,856 4,817
Diluted Common (in shares) 6,860 4,965 6,827 4,937
Dividends Declared Per Share (in dollars per share) $ 0.290 $ 0.280 $ 0.580 $ 0.560
Common Class B        
Other (Expense) Income        
Net Income Attributable to Oil-Dri $ 2,967   $ 5,527  
Net Income Per Share        
Basic Common (in dollars per share) $ 1.38 0.44 $ 2.58 1.03
Diluted Common (in dollars per share) $ 1.38 $ 0.43 $ 2.58 $ 1.02
Average Shares Outstanding        
Basic Common (in shares) 1,977 1,964 1,971 1,953
Diluted Common (in shares) 1,977 1,985 1,971 1,975
Dividends Declared Per Share (in dollars per share) $ 0.218 $ 0.210 $ 0.436 $ 0.420