Oil-Dri Announces Price Increases on its Industrial, Automotive, and Sports Field Products
Oil-Dri of America (NYSE: ODC) has announced price increases ranging from 5% to 8% on its industrial, automotive, and sports field products, effective November 1, 2024. The company states these pricing adjustments are necessary to offset higher costs and support continued investments in manufacturing infrastructure improvements. Oil-Dri is a vertically integrated manufacturer and supplier of specialty sorbent products serving various markets including pet care, animal health, bleaching clay, fluids purification, agricultural ingredients, sports field, industrial, and automotive sectors.
Oil-Dri of America (NYSE: ODC) ha annunciato un aumento dei prezzi compreso tra il 5% e l'8% sui suoi prodotti industriali, automobilistici e per campi sportivi, a partire dal 1° novembre 2024. L'azienda sostiene che questi adeguamenti dei prezzi sono necessari per compensare i costi più elevati e supportare investimenti continuati nel miglioramento delle infrastrutture di produzione. Oil-Dri è un produttore e fornitore verticalmente integrato di prodotti speciali assorbenti che serve vari mercati, tra cui cura degli animali domestici, salute animale, argilla sbiancante, purificazione di fluidi, ingredienti agricoli, campi sportivi, industriale e settori automobilistici.
Oil-Dri de América (NYSE: ODC) ha anunciado aumentos de precio que oscilan entre el 5% y el 8% en sus productos industriales, automotrices y de campos deportivos, a partir del 1 de noviembre de 2024. La empresa afirma que estos ajustes de precios son necesarios para compensar los mayores costos y apoyar inversiones continuas en la mejora de la infraestructura de fabricación. Oil-Dri es un fabricante y proveedor integrado verticalmente de productos absorbentes especiales que sirve a varios mercados, incluidos cuidado de mascotas, salud animal, arcilla blanqueadora, purificación de fluidos, ingredientes agrícolas, campos deportivos, sectores industrial y automotriz.
오일 드라이 오브 아메리카 (NYSE: ODC)는 2024년 11월 1일부터 산업, 자동차 및 스포츠 필드 제품에 대해 5%에서 8%까지 가격 인상을 발표했습니다. 회사는 이러한 가격 조정이 더 높은 비용을 상쇄하고 제조 인프라 개선에 대한 지속적인 투자를 지원하는 데 필요하다고 설명했습니다. 오일 드라이는 수의 및 건강, 표백 클레이, 유체 정화, 농업 재료, 스포츠 필드, 산업 및 자동차 부문을 포함한 다양한 시장을 대상으로 하는 특수 흡수 제품의 수직 통합 제조업체이자 공급업체입니다.
Oil-Dri of America (NYSE: ODC) a annoncé des augmentations de prix variant de 5% à 8% sur ses produits industriels, automobiles et pour terrains de sport, à compter du 1er novembre 2024. L'entreprise indique que ces ajustements de prix sont nécessaires pour compenser des coûts plus élevés et soutenir des investissements continus dans l'amélioration des infrastructures de fabrication. Oil-Dri est un fabricant et fournisseur intégré verticalement de produits absorbants spécialisés, servant divers marchés, y compris les soins pour animaux de compagnie, la santé animale, l'argile de blanchiment, la purification des fluides, les ingrédients agricoles, les terrains de sport, ainsi que les secteurs industriel et automobile.
Oil-Dri of America (NYSE: ODC) hat Preiserhöhungen von 5% bis 8% für seine Industrie-, Automobil- und Sportplatzprodukte ab dem 1. November 2024 angekündigt. Das Unternehmen erklärt, dass diese Preisänderungen notwendig sind, um steigende Kosten auszugleichen und weiterhin in Verbesserungen der Fertigungsinfrastruktur zu investieren. Oil-Dri ist ein vertikal integrierter Hersteller und Lieferant von Spezialmaterialien, das verschiedene Märkte bedient, darunter Tierpflege, Tiergesundheit, Bleichton, Flüssigkeitsreinigung, landwirtschaftliche Zutaten, Sportplätze, Industrie- und Automobilsektoren.
- Price increases of 5-8% across multiple product lines will boost revenue
- Vertically integrated operations provide better cost control and operational efficiency
- Higher costs affecting operational expenses necessitating price increases
- Required infrastructure investments putting pressure on margins
Insights
This price increase of
The company's diverse product portfolio across pet care, industrial and agricultural markets provides some pricing power, but the effectiveness will depend on competitive dynamics in each segment. The stated purpose of funding manufacturing infrastructure improvements suggests a strategic long-term focus on operational efficiency, which could yield additional benefits beyond just cost recovery.
CHICAGO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) recently announced to its customers that it will implement price increases on its industrial, automotive, and sports field products effective today, November 1, 2024. These price increases will range from
Pricing actions are necessary to offset higher costs, as well as continued investments in manufacturing infrastructure improvements.
About Oil-Dri
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health, bleaching clay and fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals. To learn more about the Company, visit oildri.com.
Contact:
Leslie A. Garber
Manager of Investor Relations
Oil-Dri Corporation of America
InvestorRelations@oildri.com
(312) 321-1515
FAQ
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