Oil-Dri Corporation of America (ODC) Stock Analysis

Oil-Dri is a vertically integrated specialty minerals company with recurring consumer pet-care revenues and high-value B2B applications in fluids purification, agricultural carriers, and animal health. Its owned reserves of calcium bentonite, attapulgite, and diatomaceous shale create supply security and cost advantages. Cat litter drives roughly 55% of sales, while B2B markets provide technical, higher-margin growth. Walmart concentration is meaningful, but proprietary lightweight formulations, logistics efficiency, and international Amlan expansion support a durable niche compounder profile.