ODC - Earnings call transcript Q1 2021 | Oil-Dri Corporation of America

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Operator

Welcome to 2020 Annual Meeting for Oil-Dri Corporation of America.

Our host for today's call is Leslie Garber, Manager of Investor Relations. At this time, all participants will be in a listen-only mode. I will now turn the call over to your host, Leslie Garber, you may begin.

Leslie Garber

Good morning. pandemic, health conducting and current to meeting the everyone's ensure safety. to we this are virtually Due By hosting of this to save be meeting via live inclusive, cost. a webcast, reach greater number our and more stockholders, we're able your the agenda, find stockholders record, rules you statement proxy of meeting and lists screen, Oil-Dri's under conduct, and On materials, of will meeting of annual report.

proposals. we will of two other election be Directors the today, covering meeting the During and

[Operator Instructions] Next, and the Q&A. by presentations time to financial pleasure and Secretary, who will Counsel followed it will conduct portion review, Now, introduce the be business meeting. Scheland General my is formal for our today's of Laura

Laura Scheland

of the October the entitled and is XXXX, has inspector taken foregoing. election record has determination for has delivered date an X, to conduct CT and notice of statement by XXXX the Board I regarding all meeting. He at stockholders the Corporation of proxy a of proxy appointed materials Commencing of was for meeting present serve a the Good close call to confirming and affidavit availability the of of as to set stockholders as to XXXX, and office. October Hagberg Oil-Dri Inc. Oil-Dri this on of to the Peter gentlemen. notice copy on forth in materials or formal Oil-Dri's vote of annual business the Broadridge record morning, [Indiscernible] to Financial of notice mailed of the of business the XX, meeting is oath order proxy the meeting. of of the Directors fixed ladies America Oil-Dri which now stockholders of Solutions

shares to XX Class were are XXXX, our Oil-Dri's for of this present the generally and stock at votes to of common of stock, to of X,XXX,XXX Class Therefore, vote entitled X,XXX,XXX and at entitled this meeting are stock purposes a record of there that share. to informed a date per vote regard As in more for constitute of stock webcast has person And votes number is together B B votes. vote are Holders such there present per business. Oil-Dri's proxy. October outstanding. is one to quorum common of shares meeting, holders without this XX,XXX,XXX and Thus, [Indiscernible] share, present number stock common if meeting. X, Mr. one our there -- A vote outstanding or meeting majority I stock holders of of is quorum than represented at to voters in are represented B or entitled a Class me declare transacting of by our the this quorum necessary class.

first make of have comments would Ask a field to Now, we some and any I the be voted a any proposal. move web matters I the on portal, will present after stockholder been submit upon. themselves Question please comments in the will comment your like regarding proposals, any presented. review If to all proposal will proposals through to the the

George Selig, and M. nominees of E. E. in serves currently the Washow. of Paul H. The a described A. the is statement Paul statement Roeth, of As as proxy Chube, item Michael Suckow, proxy Director Oil-Dri's Hindsley, each whom for C. election Jaffe, eight this Oil-Dri. business Directors, Allan of Daniel nominees first listed Those S. Ellen-Blair Nemeroff, directors. are Lawrence

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the business advisory submitted. of and basis of approval order of statements. review proposals the been have compensation from officers an is looks check time, third the that any comments disclosed on Executive At comments It like in been named for this no The we'll received. the the proxy have

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business For the at the formed at represented have named meeting, Jaffee, Chief officers our compensation the Executive inspector am financial of be Officer the item I review. and report been is There we introduce votes of the by meeting. the this being stockholders to now Oil-Dri third business happy preliminary meeting by presentations to kick the that approve elections Executive This majority conducted no President to our advisory Dan business of of adjourned. vote come completes the at Corporation of to further the of annual meeting off before business, shows affirmative XXXX vote. and now this

Dan Jaffee

you, the Thank be recounting vote will my Hello or went thanks it unsubstantiated Laura. electorate. any and of making fraud not us for everybody. our suing and way; voter since claims welcome first and for And foremost, I of

exemplified cleaning I'm just to our this wood, all we it a we ever Oil-Dri times sure company have say and an get day have hear voted fiscally incredible Fiscal a physically start the not thank values but every that thanking our to of XXXX healthy super have our I workers people March in and workers brought we by for winning letting sequester have thanking Oil-Dri recover properly and they will is stay of were non-frontline team that of a social my could day, we clean here it coming our then none just do without for then frontline weekends, healthy work three have honor virtual who do create a and and of to truly not to happy and keeping because facility. distancing. we to this We us a who year make from sorbent home team is into adhere dual the knock have and also be always charge I at that in them but year, been our all else and day the and is a none level at core the then finish on plants knowledge, every year of And happened in Oil-Dri, because been since -- got COVID and and on to forget group the of had we policy So, and honor quarantine, leading teammates globally and it investors. strictly so by will people -- to-date, to have COVID, somewhere truly had minerals and such they forth this at I few didn't everybody and it great game share the we vote. our want value so

for And and raise pay everybody bonus physically to to Nick be this all just line time. just you being a such world way in, time, Oil-Dri delivered of thank it because greatest because I greatest before that or business So, incredible for the row, shareholders or will to whichever no year cruise XXth our forget, At dividend and get, are keeping if for we our happen because in nothing in that be the everything of essential -- fiscally want whether their about a again, our and which in now world. allowed was support. loyal thanking CEO the to same one or to or than the teammates always and be you're essential, movie-theatre something are sometimes, good feels grandpa to they luck ever -- for business the us don't is XXX hurting, be is businesses used better a year, we I our they able essential, healthy. and to really double running the pandemic happen like investing work, are the And actually say, the I to say this lucky in able our plus in I navigate worldwide. harder good businesses to it point the of could they your it's my at the thought And think anyone grounded luckier led not team that, be an

from four fortunate been all seen and I the to in furry we've and hearing legged Moskowitz, and pets I be you'll but very feel have our that So, think our to tied times food adoptions products more pets, their Jessica trend at friends in with the so are roof. us. forth, even family But people with always important to of pressure, and and and stress through to kids and us went important home living they're forever

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items, had First can Heartland be our teeth at getting I'd great you also in our the with Snapple Wisconsin, private in management and get know, her for are seem to of way, category and President positioning label now PepsiCo, Diet is management, can the know days better from I sell of my private in Pepper wining the is up debt. Pepper Rachel your brand, experience anymore, and and is not partner helping run Sales find categories popularly and to -- and Company, her uniquely buyers, own about them many coast-to-coast that branded retailers consumer in it also that performing from the the provide them and industry, be know is dining VP and Cherry, label as by Vice Bellante, well we Dr. over, of litter and experience better we dual so all be if reason schmoozing Products about to their sales it our Madison. advance as brand it with Food look but unique Sales and Rachel data and you you category can't makes experience so high her Brewing all is their received forever her she's BA Also, Rachel cat in products She Miller their Dannon, careers. you she's we me only of priced Dr. to favorite, qualified their Nonfoods. Non-Foods they cut

say to seller opinion, not And always fact facts. data based but to background so syndicated insights and management, Oil-Dri, again, like her a and makes and her to with in their at analysis, the we entitled as they're entitled IRI Nielsen, everyone's

largest always we're us us Target, fantastic. she's important look and fact-based important with forward entrusting most selling been now to for business a is a half cat got come. among to with to us -- and most years and so our litter I our years Her role her is And her Walmart, she's Meyer being with year and and

they and got able monetize with incredible the team, that a sprinting. of strategy. seals breeding our are of our was and and U.S., saw over and received mine thing is aligns the dream I Arkansas, those to Director a because recently did I has am VP do we off know, And figure recently he's us, He hit setting a get been we Sales primary years' lightweight he seal when for Science not ground see East, fact I this and our Africa, the of Asia-Pacific strategy it And an in on to in then to been goldmine with the able coming so you technical in And Jessica we And our into litter ground to to He global He's them world, hands Europe, on This hand includes who was for in other what very one sitting So, all the largest. that his he's got the because of sales team thank poultry the the Fred enhance the up Managing -- sales strategy it. Poultry in team has had already initially recruit was globally. And global with such Cobb-Vantress, and the on team. our Middle to set the XX cat you news and International Amazon's sales Sales. for out Vice our happy great for side, Fred invented to Rachel, over if how Fred rapidly the very approval business, from of poultry largest the They involved recently being been well responsible University it producers of us marketing as President have He other Asia. of and companies. then Global able for of demoted, off growth region for Kao science before us, and Fred. support; and of regional Moskowitz congratulations our experience to like and experience up same lab the he skill joined Amlan her a us, and our Bachelor now data. And industry, incredible is And been opportunity an our is that. International. He's our it's you that joined to the Amlan then our us as I and onboard running and able we've Non-Foods. Razorback. Science of they're that call doing to thanks release, and excited just us job.

you can the release, As ground. that the I up from on now Amlan tell and focus can off get that news

not about to global of I happen. the and it strategy hourly, way. it's who daily, and are granular if am my will make and so a ready that's And positioning up working off in than setting, that it tackling is sleeves, together necessary. happy better lot now, understand do blocking roll to And I'm be right really to a handing suited that when someone I then I and But to daily is Fred

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Susan Kreh

well carry quarters. as quarter first first into finance income Thank our my feel had color ever XXXX, results to any behalf annual Oil-Dri's our It's a XXXX you fiscal know so which of to Oil-Dri quarter sales strong to a of on first at financial momentum be both in sales as fiscal you, Fiscal privilege of of here love share teammates the to of here year at was virtual for XXXX first to jump the Dan free our year and on today Oil-Dri net stuff, for of continued that and add record sometimes highest net XXXX. I the the in. record and meeting fiscal

will As our slides, the sharing results. I first of I proceed well trends quarter on past back at be through as focusing decade as these a performance look

at So, stronger the sales past group products litter market. strategic and our the the retail private let's we the net years start wholesale focus two are by of by lightweight XX on looking of the benefit growth, noting the seeing years, of growth cat where segments and our driven label in

year-over-year our in Looking X% quarter fiscal the were were of retail The net Amlan group, strong of sales is reduction million partially at our in in our first and wholesale business-to-business company XXXX, represents of X% based our X% sales agricultural by products in the growth quarter of year-over-year group. products sales $XX growth products. first products by a growth driven and offset net

you has in as on our the sold, mission value downward made tons health market continue of position animal to see creating Dan our look impact product XX mentioned, minerals. servant of very execution purposefully year a on our Amlan through business we can serve health Taking Dan us organizational changes at focus our and team we strategy. the the to As better animal some the have refocused key to

XXXX, We to mission as continue create additional our net achieve we product increase on longer over the that decreased XX% value per to only first that And And in XX%. per a impact ton weed look increased stronger Oil-Dri. of in sales per ton growth rate new time, a has we developing that XX-year led from time, products our review because of an growth a $XXX are driving we creating $XXX Right. profit out value gross of the per products the key we portfolio not do X% are for to $XXX our our driving at fiscal customers. to while per use net compound performance ton, our sales business. our creation, And continued sales the even sales to our has the no focusing per all-time for focus manage annual of ton, XX in growth value XX-year that net of volume while profitability record see we quarter years, past of net at metrics of an

was we $XXX. into profit of ton profit per we the that high $XXX gross ton In first momentum continued XXXX, fact, the of fiscal for all-time gross fiscal in Oil-Dri, that achieved quarter delivering per an and year XXXX

of income you ton translated see that into can rate growth has XX of compound record stronger is $XX for even Next, per our annual strong The growth past ton. gross ton profit X.X% net decade on -- year all-time per Oil-Dri. income net in per the another over an gross

we over general, the and $X.XX per same $XX a first time, in X% quarter share income higher our net selling, a expenses was primarily profit strong advertising. the gross per to the in net At at record in in than basis, $X.XX and million, were quarter administrative common per earnings down quarter shift $X.XX the With deliver first an the per $XX.X the prior is the of prior share a year, quarter. share basic came and and which ton year. $XXX,XXX, same quarter travel we expenses to attributable performance, per Oil-Dri of year timing last related $XXX,XXX million same On quarter first first our share increase generated quarter income off over $X our some at Looking by the of reduce due to year.

share dividends Next see first dividends are earlier, quarter of $X.XX share as that from the and share our Dan marking consecutive dividends both of per The shareholders. noted XX-year paid we we $X.XX and growing. the per delivery during our per growth to rose years predictable XX to

our We multiple balance on solid maintain to performance invest continue us to a enables strong financial and fronts. sheet

standpoint, business, the is of our cost Operating to to turn and we pursue are Officer. enable already the with investments our opportunities level plants, fiscal they fund a reduction available. product our summary, shareholders we of is financing Oil-Dri those VandenHeuvel, in $XX performance and million investment and access to to it XXXX, in right in that through arrangement CapEx. in the made of combined with animal shell when key on alignment in to capacity, and the And year with Chief new And outstanding with eager addition liquidity repurchased strong funding and our some Molly this From In investment when opportunities, cat return become litter a and R&D, arises. organizational strategies to focus opportunity development financial And dividends, debt right speaking fund is leadership, place maintain X.X our that the over pleasure we have through should well-positioned of that that my through plants our opportunities health, have our with with shares. we key in in a low million technology, quicker to been us we

Molly VandenHeuvel

summarize And you, I I'm as Chief drive. of mentioned impact. also Officer the but discussion bit oil to some operating COVID the start chief want I'll a little get into detail. with Operating Dan more Susan Susan. was I a recap, did this, Thank Good morning, VandenHeuvel as and at Molly

our healthy, very these and the we an a our time become running. of and evidence healthy. is the values was how we I'll a were true our on operations company and business we about teammates it keeping XXXX did teammates focused kept And how core as And So, and But our you Oil-Dri's Susan, business core tumultuous like our year. heard talk healthy. did we keep kept business from is

So, being key an first component. essential a of was business all,

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that So, to sure kept us business while healthy. needed we running our make we keeping

to has break as start effective Our is teammates well-being make in was Anyone be that But directly adjustment something the our our our a had to paradigm. functions have we the pandemic, reinforced game. we many pivoted Dan Oil-Dri of a have amazing for priority of done been processes ensured list. quickly. safety, remotely, successful here out Their been we past said our that and physical flat them. needed is At service can at a of and support us pandemic, roles what many even earlier, to teammates, of such remotely. before we we that and could important we emotional many not of And which that financial health our representative. worked paradigm leveraged have very just winning a team the rapid production, and customer the top a and these We transition and often not of and many say

keep include teammates done have our processes. including and the facilities front lab things at for still deep cleaning to R&D safe, some our So, teammates on production the our line, we of the

you [Indiscernible] here. one, So,

and one the this even of So, XXX% is mastering, on we're of shown social while same at in the cases, requirements, in often online this video course, when and picture, time, and location, property. meetings distancing most

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little this with operations so of that, about year. Okay, talk past state let's a bit within

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So, the first one is Review. review is Portfolio the Management meeting the first

We're various stages. we are time new setting for lot of with value our spent create list that now spent robust, products ideas a from a healthy generating for up up still redefining divisions all we for have So, product track. a list. keep financial gross on stage and items minerals. of current success lot new time this new project of very this, meet criteria Project future and ideating detailed robust potential solutions on in us the that ourselves timelines managed breakthrough each growth to project must hurdles We a and at sorbent of and many have

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the allowed looking platform in needed white throughout close improvements gaps. lets utilizes this XX us these gaps is and by that's much This month enabled to So, capacity our expensive is capacity plans month horizon. sometimes is lets This cat out by the us and look at XX product to service one how see year. early capacity to tool better then potential level us develop

So, to world. want I operations in also the talk about results

So, four our chain areas customer, main last in cost, and focus C's, around operations I supply I cash, shared year the on capability.

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external very XXXX those tracking is measures we our on a still on time we XXXX. and approving tracking saw -- to rates, metrics say including against all compared we are promised time fiscal improvement that of as fiscal pay ordered. that in in I'm And and step For improvement customers, against change are new to pleased have as

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did projects that hundreds in team So, is from took cost? in $X profit of in and coordination out we savings adjustment. an The do here the completed answer simple with the took million of amount gross still costs supply bottom-line the that to underway. XXXX, chain hundreds The we how effort is with answer and entire not simple helping improve incredible of

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third The is cash.

We have our active reduced. did But but least, working focused the position a and we capability. inventory both So, has SKU And costs. is by inventory, have, we not capital reduced service as not time we've a inventory our has then last cash that considerably. I right-sizing that on spent improving whole lot and obsolete significantly say will and of improved mix slightly and inventory change,

really SNOP us many talked the and to foreseeable and a overall this improvement even has Oil-Dri future. results and Things So, to functional for operations for numerous as of like these start has sustain implemented And meetings course, foresees continual and cross the service team list. processes strong [ph] built foundation I to in the earlier. chain really too supply

hand So, Moskowitz with that, to Jessica I'd Consumer VP Manager like our to for who off it is General Division. our Products and

Jessica Moskowitz

Vice Molly Thank the to Moskowitz, I'm everyone. morning you, and Division. Manager the is Products Consumer My Molly. and Dr. Hello, good President name of mentioned, General as

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creating value of first The which through vertical integration. is

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to catalyst our work teammates to Fred I'm such Amlan helped Thank -- earth team with [ph] invest down I'll Kao that with We over honored from ultimately us a has it to you. elevate become that, driven, team And continue to and International. proud and to turn the dedicated, so cares. of that and group

Fred Kao

in And global sharing Jessica. potential Sales so huge to when Kao. $X mineral antibiotic an to the food July Vice why you, no trend Amlan. most and it the opportunity for make as about many antibiotic earlier. you Good product, started XXXX. million thank countries. impact -- Oil-Dri's this example exciting Fred improve towards animal introduction of I'm I'm our is here billion going in much health more Dan morning. Global by for X for talk world ever President of Thank China I'm to has the for that unique production

to for in importance CEO, the animal we are our use years Jaffee come. technology of protein businesses need even health everything I growth to On in market to our and on of the Dan to capture September, in promote the feature unique America aired international Nature our say this of antibiotics mineral eliminate survive. used production. the reduce animal to And Build earth and puts endless Mother emphasizes nearing mineral

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Dan Jaffee

you then it really the we'll-- business of we're to Q&A. a grasps with going and answered bunch of but and questions read changes, of there, Leslie and you questions a to your about thank over and don’t We've why what's and out turn you impressed Fred, quick got Amlan lot the our

Leslie Garber

Yes.

to We have two together. going read related questions. them I'm both

The at is be where was you from first from And your direction for believe Amlan? Robert will able the will the Smith, is Investing. Star, you during And asked, Do one be different? related he the fiscal how Performance failure substantial question accomplish the Investor. second Private And year? Centre then approach to current Ethan progress

Aside in sales are growing will not? challenges others and have what biggest from succeed the where why the Amlan you pandemic,

Dan Jaffee

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still be And going majority now just flushability. like heavily so heavily to category of And poultry, in the we're even into we're day lean we is every are winning we're the though lightweight. into lightweight, in heavily to winning going leaning heavy,

division, all, of first decision question. it So I I'm rapid to what hope the making, answers layer. a cuts that is Really, your bringing out

making a we have I've to sense. great So Fred, just that be involved, in good cut it's we're and have through Molly It's And up because make no if I'm getting we but or ironic bureaucracy, with I decisions hands I'm stuck And from able freeing been that, red working common bureaucracy. can going as resources the on chain, to or were with the working decision on tape. the IC, genius that immediately my calls, never own. made such little just supply through immediately did power, as company. frankly, And

improvement. you're So feel see to an confident that going very I very,

won't going year? you answer how paraphrase question it And I depends this you that. meaningful I Are yes. benefits it. it is think to Bob's But was, absolutely, I'll show the hit exactly. define

some in players that taking step basic, our having are be we so or about are that channels is to we players to a going can position steps take big We the got The because direct. distribution we're two the sell think before solutions, strategy. a We've believe to fix on back, we go-to-market sell things big the direct. key to XXX we I right great our forward.

our own so got We’ve we all things licenses. do that. the And to like own got registrations, product to

biggest got a we're sell that sorts the players we've work of in So position all do, so directly. to better to

XXXX. make So we progress will fiscal huge during

to it’s day. XXXX, business, then by progress, help the be financial hill will cat Jessica Amlan team over the While the come rolled save the going that to the XXXX coming time the and XXXX so litter to from around, and

have turf, we business a we're, hurt the the So, that and has is diverse thankful ag business well. by doing again, while our doing COVID. everything's Pro's Choice sports such well, always have the business, Industrial business we that the Obviously, been

Our is doing Purification business Fluids well.

will XXXX So pivotal and it year, financial will for fiscal year be a solid the of Amlan. be future a

Leslie Garber

Great.

Dan Jaffee

else So, got? do Leslie, what we’ve

Leslie Garber

Okay.

from markets from have he next outside new We congrats health Advisors. pursued? so, difficult on a swine process being time. launch any says the of If a that Bair and Ascend products? great poultry Wealth any possibly question they in Are or John year there in And either R&D are how you far And might along are evaluated actively be? what and animal being efforts new to

Dan Jaffee

And really I what we're and you answer exactly efforts. we sort me I'm leaning competitions, all into so not they going can answer Yeah, it. but my know you I'll poultry. of hope listen, our afford question, to because think think are I going to to Great John, I that tell I well. do, going you did that be

think at species being species. better all one great is average I So than at being

to So going we're we're really continue into leaning so. poultry, do to and

chain. one, we on had question a the I supply think next So

there. go Let's

Leslie Garber

$X achieved? Could savings give Ethan supply examples impressive. Star future was the prospects chain has in the is in what do. any of how please some question. million for savings? the We this next you possible are very And The

Dan Jaffee

away. it take Molly,

Molly VandenHeuvel

Sure. Yes.

So I the logistics, logistics. procurement and look in savings at buckets, were main XXXX in far in three savings And manufacturing. fiscal by biggest

handling also I and Some say extra that will really savings either Logistics, miles amount of wrote that that projects some contracts really led for or VP costs. year But or additional considerable last market our us. J.T. reduced of a market the is of driven. he great But on capitalized Harrison

first our mileage, So to pretty increases for have then example, are to logistics theme made And driven the last we that's some handling -- quarter in he's we were significant read our that's results, extra costs. some And year, warehouses, as year. the in some able going to this of for actually consolidate reduce some offset, we market. ancillary

logistics utilization handling type do other board. projects improve the And reduce mileage, have so where we and similar we our savings some across

some really overall improvements. manufacturing, seen process For we've

run focus of fiscal optimize the really our and And Christiansen, process in to our that way Aaron a team some so. do put in of lines, will It's we continue alternative savings great have business, in be manufacturing at micro-turbines. pretty pretty we really our we some in in in place, that opportunities the So capital our have in significant. so VP jug cases cost. and the foundational projects. will and optimization procurement or either suppliers, we procurement. pretty the automatic look first team facility, then that redesign great energy cat a we'll then looking And is bucket that spent manufacturing our are renegotiate to is up that one solar different significant area, see be for, that and And last are then we starting And optimized by some panels product at the to some will the actually XXXX find getting just

last great seen too. both So progress year we've

Dan Jaffee

question. next you. Leslie, Great. Thank

Leslie Garber

Yes.

from the and question with Star. are Ethan cat growth Next litter comes of pleased customers? growth the addition continued sales, retail there opportunities new what I'm in sales for

Dan Jaffee

this Great. Jessica, want to one? take you

Jessica Moskowitz

the Thanks Hi, Sure. Ethan. for question.

need at our change? are to growth. and and look as as definitely we to customer that in we for acquisition continue adapting. we well opportunities see terms to business, business at both we're of look our reacting organic consumers sure change How as So rapidly make we changing, Clearly,

very So we're so driven also doing focused data in a way.

down really to can keenly presentation, to working lot be really how sounds of what's simple, advantageous a flushability. changing, in a a fortunate how And us what's well consumers it opportunities and it's about and looking win. and about frankly, reacting and we that, And have as to really focused evaluate working doubling about to on continue us. So is like we're what data world, to we where today's have In but talked what's we we And and very to change as on to of way consumers and a and and this that lightweight right understanding evaluating working then really what's the that lot it's in at not. not. benefits are

both against really Looking runway and looking a from efforts that think side branded acquisition, more key and working, at resources a team then well sales, as customer as well in both there's again, as label investing perspective, dollars resource as both are those growth, at working. human the doubling what's down lot marketing, understanding on in the We side. terms lightweight, private of through against

Dan Jaffee

on are Oil-Dri. keeping promise teammates questions. globally you, and our to keeping of out Thank want of all I answer. we started, I and but know people and finish to the rely also Great for I which investors. fiscally is only Oil-Dri way And dividend And healthy, not I and the ourselves lot Great. physically a Jessica. our you thank appreciate dividend thanking our

companies the of cut great worried and we had had they very, lucky. We've just forth. business dividend the lot to fiscally and a some into so So things entered very We pandemic. cut soundly, part were shape. always run That's our happen, financial that wasn't the to debt going in their and pandemic because it into that enough entered

push mean season to back week, That they'll out early starts report the spring, the of will vaccine, come see continued be see almost same. park pop which We to well. We May. it catchers it'll a starting in roll in globally. panic. and to the is month. will and we out. all saw sometime litter. saw businesses. this surprise. business just year. pitchers the didn't exciting, And Pro's that the sometime maybe doing with very we April, guess starting is then a that districts we cautiously let's be see our And weakening which played not U.K. in it'll our how optimistic this in as But in in and out and are We're that And the miles a flown jet that's U.S. a universities fuel So back We cat plays said, that'll business next late Choice purification surge global municipalities down. And has demand gone that then summer will I Maybe

talking your to quarter. and you to our next for support, continued forward So, thank after we'll you look

Operator

That pleasant concludes today's day. and conference. have Thank your you a for participation

Oil-Dri Corporation of America (ODC) 8 Dec 202021 Q1 Earnings call transcript