Journal of Creating Value

Oil-Dri Announces Price Increases on its Industrial and Automotive Absorbents

Retrieved on: 
Tuesday, August 2, 2022 - 9:11pm

CHICAGO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it will implement price increases on its industrial and automotive absorbents, effective October 1, 2022.

Key Points: 
  • CHICAGO, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it will implement price increases on its industrial and automotive absorbents, effective October 1, 2022.
  • These price increases will range from 15% to 20%, depending on the product.
  • Additionally, capital improvement costs are rising dramatically and must be factored into pricing now and going forward, given the Companys manufacturing intensive environment.
  • Price increases are essential to maintaining our high quality products and service levels to our customers.

36th Edition of World AI Show to Host Biggest Confluence of AI Tech, Partnerships, and Go-to-Market Strategies

Retrieved on: 
Tuesday, August 2, 2022 - 2:02am

The event will bring together the most influential players in Singapore's AI space, at Singapore's Marina Bay Sands Expo and Convention Center.

Key Points: 
  • The event will bring together the most influential players in Singapore's AI space, at Singapore's Marina Bay Sands Expo and Convention Center.
  • "It is important to understand that real-world AI isn't magic but contextual (and sensible) adoption of AI in the realm of Health & Healthcare.
  • "Dataiku will show how extraordinary AI for everyday purposes is brought to life in this edition of the World AI Show, Singapore 2022.
  • World AI Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

Oil-Dri Announces Capital Improvement Driven Price Increases

Retrieved on: 
Monday, August 1, 2022 - 9:06pm

CHICAGO, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it plans to raise prices due to increased capital improvement costs.

Key Points: 
  • CHICAGO, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it plans to raise prices due to increased capital improvement costs.
  • As such, we now find it necessary to pass through price increases that allow us to replace equipment as it exceeds its useful life.
  • Over the coming weeks, we will be announcing product specific price increases to incorporate these rapidly rising capital improvement costs.
  • These capital related increases, which equate to approximately 4% over the long term, will be added to inflationary increases driven by the rising costs of commodities, transportation, labor and other manufacturing costs.

Oil-Dri Announces Price Increases for its Sports Field Products

Retrieved on: 
Tuesday, July 12, 2022 - 9:14pm

CHICAGO, July 12, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it will implement price increases for its sports field products, effective August 1, 2022.

Key Points: 
  • CHICAGO, July 12, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it will implement price increases for its sports field products, effective August 1, 2022.
  • These pricing actions are driven by inflationary pressures on diesel, mining, maintenance and repairs, natural gas, packaging, and other non-fuel manufacturing costs, including significant increases in labor rates at our manufacturing facilities.
  • Pros Choice sales representatives will communicate additional details of the price increase to their customers directly.
  • Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, bleaching clay and fluids purification, agricultural ingredients, sports field, industrial and automotive markets.

Winner of Six Awards, Yili Further Elevated Its Profile as A World-Leading Innovator

Retrieved on: 
Thursday, June 16, 2022 - 2:23pm

Dr. Zhanyou Yun, Assistant President of Yili Group, attended the "Innovation for the Future" session, delivering a keynote speech with the theme "Create Value through Innovation."

Key Points: 
  • Dr. Zhanyou Yun, Assistant President of Yili Group, attended the "Innovation for the Future" session, delivering a keynote speech with the theme "Create Value through Innovation."
  • Dr. Gerrit Smit, Managing Director of Yili Innovation Center Europe, attended the roundtable discussion.
  • Dr. Yun explained how Yili has focused on building a globally integrated innovation network, which helped the company win worldwide recognition.
  • By upgrading into paper handles, every 100,000 outer cartons will reduce plastic usage equating to 260 kg.

Winner of Six Awards, Yili Further Elevated Its Profile as A World-Leading Innovator

Retrieved on: 
Thursday, June 16, 2022 - 2:12pm

Dr. Zhanyou Yun, Assistant President of Yili Group, attended the "Innovation for the Future" session, delivering a keynote speech with the theme "Create Value through Innovation."

Key Points: 
  • Dr. Zhanyou Yun, Assistant President of Yili Group, attended the "Innovation for the Future" session, delivering a keynote speech with the theme "Create Value through Innovation."
  • Dr. Gerrit Smit, Managing Director of Yili Innovation Center Europe, attended the roundtable discussion.
  • Dr. Yun explained how Yili has focused on building a globally integrated innovation network, which helped the company win worldwide recognition.
  • By upgrading into paper handles, every 100,000 outer cartons will reduce plastic usage equating to 260 kg.

Oil-Dri Increases Dividends for 19th Consecutive Year

Retrieved on: 
Wednesday, June 8, 2022 - 10:20pm

The dividends declared will be payable on August 26, 2022 to stockholders of record at the close of business on August 12, 2022.

Key Points: 
  • The dividends declared will be payable on August 26, 2022 to stockholders of record at the close of business on August 12, 2022.
  • The Company has paid cash dividends continuously since 1974.
  • This declaration marks the nineteenth consecutive year Oil-Dri has increased dividends.
  • Based on the increased declared dividend and todays closing price of $25.51, the dividend yield on Common Stock is 4.3%.

Oil-Dri Announces Key Senior Leadership Promotions

Retrieved on: 
Friday, May 20, 2022 - 9:09pm

CHICAGO, May 20, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) announced three key senior leadership promotions within the company.

Key Points: 
  • CHICAGO, May 20, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) announced three key senior leadership promotions within the company.
  • Daniel S. Jaffee, President and Chief Executive Officer, stated, I would like to congratulate Aaron, Wade and Yasmith on their promotions.
  • I appreciate the contributions they have all made to our organization and the leadership they provide to their teams.
  • It gives me great pleasure to acknowledge their hard work and dedication with these promotions."

Oil-Dri Announces Price Increases on its Agricultural and Fluid Purification Products

Retrieved on: 
Friday, April 15, 2022 - 9:07pm

CHICAGO, April 15, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it is notifying customers of plans to raise prices on its agricultural and fluid purification products during the month of May, 2022.

Key Points: 
  • CHICAGO, April 15, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it is notifying customers of plans to raise prices on its agricultural and fluid purification products during the month of May, 2022.
  • In order to offset the continued escalation of costs, including freight, packaging, materials, natural gas, labor, and other manufacturing costs, the Company must raise prices.
  • Oil-Dri sales representatives will communicate additional details of the price increase to customers directly.
  • Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, bleaching clay and fluids purification, agricultural ingredients, sports field, industrial and automotive markets.

Oil-Dri Announces Plans to Raise Prices on its Industrial and Automotive Absorbent Products

Retrieved on: 
Friday, April 1, 2022 - 9:06pm

CHICAGO, April 01, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it is notifying customers of plans to raise prices on its industrial and automotive absorbent products during the fourth quarter of fiscal year 2022.

Key Points: 
  • CHICAGO, April 01, 2022 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it is notifying customers of plans to raise prices on its industrial and automotive absorbent products during the fourth quarter of fiscal year 2022.
  • These price increases will range from 15% to 20%, depending on the product.
  • Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, bleaching clay and fluids purification, agricultural ingredients, sports field, industrial and automotive markets.
  • With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals.