Oil-Dri Corp of America

Significant uses of cash during the third quarter of fiscal 2026 include capital investments for manufacturing infrastructure improvements and dividends.

SEC original ↗Oil-Dri Corp of America — Earnings release (8-K exhibit)EX-99Jun 8, 2026

To determine the present value of the lease liability, we use an incremental borrowing rate, which is defined as the rate of interest we would have to pay to borrow (on a collateralized basis over a similar term) an amount equal to the lease payments in similar economic environments.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

The two-class method is an earnings allocation formula that determines EPS for each class of common stock according to dividends declared and participation rights in undistributed earnings.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

Common Stock is entitled to cash dividends equal to at least 133.33 % on a per share basis of the cash dividend paid on Class B Stock.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

In computing EPS, the Company has allocated dividends declared to shares of Common Stock and Class B Stock based on amounts declared for each class of stock and 33.33 % more of the undistributed earnings have been allocated to shares of Common Stock than to shares of Class B Stock on a per share basis.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

In our case, the if-converted method is more dilutive than the two-class method and because our unvested restricted stock participates in dividends and is therefore anti-dilutive the treasury stock method does not apply.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

Our forward-looking statements include, but are not limited to, statements regarding our or our management team s expectations, hopes, beliefs, intentions or strategies regarding the future.

SEC original ↗Oil-Dri Corp of America — Earnings release (8-K exhibit)EX-99Jun 8, 2026

These forward-looking statements are based on management s current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us.

SEC original ↗Oil-Dri Corp of America — Earnings release (8-K exhibit)EX-99Jun 8, 2026

These forward-looking statements are based on management's current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

The inputs used to measure fair value are prioritized into categories based on the lowest level of input that is significant to the fair value measurement.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

As we move into the final three months of our fiscal year, we expect to achieve our annual plan and surpass last year s net income, although ongoing geopolitical unrest and related increases in transportation and input costs could create headwinds that may affect our ability to do so.

SEC original ↗Oil-Dri Corp of America — Earnings release (8-K exhibit)EX-99Jun 8, 2026

Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described in our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission.

SEC original ↗Oil-Dri Corp of America — Earnings release (8-K exhibit)EX-99Jun 8, 2026

Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described herein, in our Annual Report on Form 10-K for the fiscal year ended July 31, 2025, and from time to time in our other filings with the SEC.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

OTHER CONTINGENCIES We are party to various legal actions that arise from time to time that are ordinary in nature and incidental to the operation of our business, including ongoing litigation.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

While it is not possible at this time to determine with certainty the ultimate outcome of these or other lawsuits, we believe that none of the pending proceedings will have a material adverse effect on our business, financial condition, results of operations or cash flows.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026

The modification work is expected to be completed during fiscal year 2026 and, as inherent uncertainties exist in these estimates, we will monitor through the completion of the modification but do not expect that remaining costs in excess of amounts accrued would have a material impact on the Company s results of operations, financial condition and cash flows.

SEC original ↗Oil-Dri Corp of America — 10-Q Quarterly report10-QJun 8, 2026