Oil-Dri Announces That It Will Implement Price Increases On Its Industrial, Automotive, And Sports Field Products Effective, November 1, 2024; Price Increases Will Range From 5% To 8%, Depending On The Product
Portfolio Pulse from Benzinga Newsdesk
Oil-Dri Corporation of America (NYSE:ODC) announced price increases of 5% to 8% on its industrial, automotive, and sports field products, effective November 1, 2024. The price hikes aim to offset higher costs and support manufacturing infrastructure investments.
November 01, 2024 | 8:12 pm
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Oil-Dri Corporation of America is increasing prices on various products by 5% to 8% to manage higher costs and fund manufacturing improvements.
The price increase is likely to positively impact ODC's revenue by offsetting higher costs and supporting infrastructure investments. This strategic move can enhance profitability, assuming demand remains stable.
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