Filing Flows › Oil-Dri Corp of America (ODC) › Q2 FY26
Oil-Dri Corp of America (ODC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 11, 2026
Oil-Dri Corp of America (ODC) reported revenue of $118M for the second quarter fiscal 2026 (Q2 FY26), +0.7% from a year earlier and -2% from the quarter before. Operating margin was 13.3%, net earnings $12.6M (10.7% of revenue).
Oil-Dri Corp of America, Q2 FY26: revenue $118M (+0.7% year over year), operating margin 13.3%, net earnings $12.6M, operating cash flow $18.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | -2% | +0.7% |
| Gross profit | $32.3M | -9% | -6% |
| Operating profit | $15.7M | -7% | -10% |
| Net earnings | $12.6M | -19% | -3% |
| Operating cash flow | $18.1M | +75% | -16% |
| Free cash flow | $12.3M | +861% | -25% |
What changed
Revenue was $117.7M in Q2 FY26, up 1% year over year and down 2% from the previous quarter. Retail and Wholesale Products was the largest line at 64% of revenue. Retail and Wholesale Products added $2.3M year over year (up 3%), 275% of the total change. Business to Business Products declined 3%.
Gross margin was 27.4%, down 2.0 points from Q2 FY25. Operating profit was $15.7M, a 13.3% margin (down 1.6 points year over year). Operating profit fell $1.8M even though revenue rose $823K versus Q2 FY25, so costs grew faster than sales. Operating expenses fell 2% while revenue rose 1%. Net earnings were $12.6M, down 3% year over year. The effective tax rate was 20.5%.
Operating cash flow was $18.1M (down 16% year over year), 144% of net earnings. Non-cash charges added back $5.7M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $5.8M left free cash flow of $12.3M.
Questions
What was Oil-Dri Corp of America's revenue in the second quarter fiscal 2026?
Oil-Dri Corp of America (ODC) reported revenue of $118M for the second quarter fiscal 2026 (Q2 FY26), +0.7% from a year earlier and -2% from the quarter before.
Was Oil-Dri Corp of America profitable in the second quarter fiscal 2026?
Operating profit was $15.7M (13.3% of revenue) and net earnings $12.6M.