This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Oil-Dri Of America's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Oil-Dri of America (ODC)

Q2 2012 Earnings Call

March 12, 2012 11:00 am ET

Executives

Daniel S. Jaffee - Chief Executive Officer, President, Director and Member of Executive Committee

Ronda Williams -

Jeffrey M. Libert - Chief Financial Officer, Vice President and Treasurer

Analysts

Robert Smith - Center for Performance Investing

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Second Quarter 2012 Oil-Dri Corporation Of America Earnings Conference Call. My name is Derek, and I'll be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn it over it to Mr. Dan Jaffee, President and Chief Executive Officer. Please proceed.

Daniel S. Jaffee

Thank you, Derek, and welcome everyone to our second quarter and 6-month teleconference. As usual, Jeff Libert, CFO, is here; Doug Graham, our VP and General Counsel; and Ronda Williams, who heads up all of our Investor Relations, is here. And Ronda here is going to go through the Safe Harbor.

Ronda Williams

Sure. Thank you. 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.

Daniel S. Jaffee

Thanks, Ronda. And when the news is bad, I always throw Jeff a bone and let him go first and take the beating. But when the news is good, I'll take one from the team and make -- take one for the team and make a few gratuitous comments, and then turn it over to Jeff for the play-by-play. But I keep a spreadsheet of all the quarters going back to when I first became President, which is back in 1995, so now I have 17 columns on this crazy spreadsheet. So I can't go back any further than that. But in terms of our net income of $3.2 million, this was an all-time record quarter, for any quarter. And we had never broken $3 million before, frankly, never even really close to $3 million before. And I looked and actually it was better than 4 consecutive entire fiscal years of earnings back around the new millennium. So that was very exciting.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs