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TheStreet Open House

Oil-Dri CEO Discusses F4Q10 Results - Earnings Call Transcript

Oil-Dri Corporation of America (ODC)

F4Q10 (Qtr End 07/31/2010) Earnings Call

October 13, 2010 11:00 am ET

Executives

Dan Jaffee - President and CEO

Andy Peterson - CFO

Charlie Brissman - VP and General Counsel

Ronda Williams - IR

Analysts

Ethan Starr - Private Investor

Robert Smith - Center for Performance Investing

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the fourth quarter 2010 Oil-Dri Corporation of America earnings conference call. (Operator Instructions)

I would now like to turn the presentation over to your host for today's call, Mr. Dan Jaffee, President and CEO.

Dan Jaffee

Okay, thank you. Welcome everybody to our fiscal yearend and fourth quarter investor teleconference. As usual with me here in the Chicago conference room are Andy Peterson, our CFO; and Charlie Brissman, our VP and General Counsel; and Ronda Williams, who runs all of our Investor Relations activities.

And, Ronda, if you could cover the Safe Harbor?

Ronda Williams

Welcome everyone. On today's call, comments may contain forward-looking statements regarding the company's performance in future periods. Actual results in those periods may materially differ. In our press release and our SEC filings, we highlight a number of important risk factors, trends and uncertainties that may affect our future performance. We ask that you review and consider those factors in evaluating the company's comments and in evaluating any investment in Oil-Dri stock.

Thank you for joining us.

Dan Jaffee

Thank you. And, Andy, will you cover the highlights?

Andy Peterson

We had sales of $54.7 million in the quarter, down 2% compared with last year's fourth quarter of $55.9 million. For the fiscal year, we had sales of $219 million, down 7% from last year's $236 million.

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