Oil-Dri Corporation of America raised its total borrowing capacity to $375 million, up from $200 million, as it signaled possible reinvestment above its prior roughly $35 million capex pace. On its Q4 fiscal 2026 earnings call, CFO Susan Kreh said the company extended its variable rate revolving credit facility and increased borrowing capacity by 33%, to $100 million, while extending its fixed rate shelf facility and increasing that capacity by 100%, to $150 million. Kreh said it is possible the company could see bigger reinvestment in the business at levels higher than in the past, while capital priorities remain unchanged: investing in the business, supporting the dividend, pursuing strategic acquisitions, and opportunistically evaluating share repurchases. For the quarter, business-to-business sales rose 4% to a record $50 million and retail and wholesale sales increased 3% to $79 million, while gross margin held steady at 27.8%. Cash and cash equivalents reached a historic high of $74 million at year end, up 45% from $51 million a year earlier, with operating cash flow of $80 million and EBITDA of $93 million. Management also cited higher freight and transportation costs, which contributed to a 5% decline in Retail and Wholesale segment operating income.
Oil-Dri Corporation Of AmericaOil-Dri extended its credit facilities and raised total borrowing capacity to $375M from $200M, boosting financial flexibility for reinvestment.
