Oil-Dri Signals Potential Reinvestment Above Prior $35 Million Pace

Oil-Dri Corporation of America may increase reinvestment beyond its prior approximately $35 million capital-expenditure pace while maintaining flexibility for dividends, acquisitions and share repurchases.

The company plans to direct its increased borrowing capacity toward business investment, dividend support, potential acquisitions and opportunistic share repurchases. The plans follow a fiscal 2026 marked by record sales, net income and historic cash generation, with strong fourth-quarter growth in both business segments.

Fourth-quarter revenue reached $129.29 million, while EBITDA rose 13% to $24.1 million. Oil-Dri’s fiscal fourth-quarter results included higher sales and improved profitability.

Cash and cash equivalents totaled $73.7 million at the end of fiscal 2026, compared with $50.5 million at the end of fiscal 2025. The stronger cash position gives Oil-Dri additional flexibility as it considers reinvestment and other capital-allocation priorities.