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.