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Oil-Dri Corp. of America fiscal Q2 profit climbs 30.4% YOY

Oil-Dri Corp. of America said its normalized net income for the fiscal second quarter ended Jan. 31 came to 45 cents per share, a gain of 29.2% from 35 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, an increase of 30.4% from $2.4 million in the year-earlier period.

The normalized profit margin rose to 4.8% from 3.8% in the year-earlier period.

Total revenue climbed year over year to $65.4 million from $64.6 million, and total operating expenses totaled $60.0 million, compared with $60.4 million in the year-earlier period.

Reported net income grew 37.2% year over year to $3.8 million, or 53 cents per share, from $2.7 million, or 39 cents per share.