Website: N/A
Stock Symbol: NYSE: ODC
Market Value: N/A (in millions)

Oil-Dri Corporation of America was incorporated in 1969 in Delaware as the successor to an Illinois corporation incorporated in 1946; the Illinois corporation was the successor to a partnership that commenced business in 1941. Except as otherwise indicated herein or as the context otherwise requires, references herein to “Oil-Dri,” the “Company,” “we,” “us” or “our” are to Oil-Dri Corporation of America and its subsidiaries.

GENERAL BUSINESS DEVELOPMENTS

Our positive results for fiscal 2007 reflected our ongoing efforts in strategic pricing and cost reduction. These efforts were designed to bring our margins back to more historical levels. Our sales improved due to the focus on strategic pricing. Our cost reduction initiatives continued at our manufacturing facilities and in our procurement programs.