Q3 2023 Oil-Dri Corporation of America Earnings Call

Contributing sentiments towards policy:

49% : The accounting for this was a nonrecurring noncash charge of $4.8 million net of tax, resulting from the combination of recognizing the unrealized losses on our pension investments and the transfer of our surplus to our defined contribution 401(k) plan for the benefit of our participants.
47% : And as a reminder, the third quarter in the prior year also included a significant nonrecurring noncash charge of $4.5 million net of tax related to the impairment of goodwill associated with our Retail and Wholesale segment.
43% : And just to put a little more color on it, the manufacturing excluding fuel, that's where you see costs like labor which is we've seen significant increases in, our contracted labor for mining.

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