A stock for cat lovers! Cat’s Pride and Jonny Cat are among the many brands of industrial, agricultural and horticultural products produced and marketed by Oil-Dri Corporation of America. The Company’s sorbent technologies are put to use in a wide range of applications, including carriers for biological and chemical active ingredients, drying agents, animal health and nutrition, and adsorbents for purification and filtration, among many others. The Company’s products are sold to through both retail and wholesale channels.
In the most recently reported twelve months, Oil-Dri realized $425.92 million in total sales, providing $47.63 million in operating income. Cash flows from operations totaled $51.17 million in the same period, representing a sales-to-cash conversion ate of 12.01%. Return on equity in the period was 19.80%.
We are more impressed by the excess returns produced by Oil-Dri. With a large and wide-ranging product line, numerous brands and multiple sales channels it could be easy to lose track of investments. However, Oil-Dri management has wrung 10.86% in excess returns for shareholders in the last reported twelve months. Return on invested capital was 19.47% while cost of internal capital was an estimate 8.61%.
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