Welcome to our dedicated page for Clorox Company news (Ticker: CLX), a resource for investors and traders seeking the latest updates and insights on Clorox Company stock.
The Clorox Company (NYSE: CLX) is a globally recognized brand with a diverse portfolio of products that have become household names. Headquartered in Oakland, California since 1913, Clorox is renowned for its commitment to championing everyday wellness and sustainability. The company manufactures and markets cleaning supplies, laundry care products, trash bags, cat litter, charcoal, food dressings, water filtration solutions, and natural personal care products across more than 100 countries.
Clorox holds a significant market share with iconic brands such as Clorox® bleach and cleaning products, Ayudín® and Poett® home care products, Pine-Sol® dilutable cleaner, Fresh Step® cat litter, Kingsford® charcoal, Hidden Valley® and K C Masterpiece® dressings and sauces, Brita® water filtration products, Glad® bags, wraps, and containers, and Burt's Bees® natural personal care products. The company’s products are manufactured in over two dozen countries and marketed internationally.
Recently, Clorox has focused on operational recovery and growth despite challenges, such as a cyberattack in August 2023. The company reported strong recovery and rebuilding efforts, reflecting in its second and third-quarter fiscal results for 2024. Additionally, Clorox continues to innovate and invest in sustainability, achieving milestones like zero-waste-to-landfill status for its plants in Asia and the Middle East.
Strategic moves include divesting its Argentina operations to focus on core businesses, supporting its IGNITE strategy. Clorox’s financial outlook remains robust, with ongoing investments in digital capabilities and productivity enhancements expected to yield significant cost savings and operational efficiencies.
Clorox’s dedication to ESG (Environmental, Social, and Governance) principles has earned it top rankings in sustainability lists. The company remains committed to driving profitable growth while making a positive impact on the environment and society.
The Clorox Company highlights Danielle Chan, a senior analyst on the Burt's Bees sales team, through their Change Makers initiative. Chan was recognized for her leadership in the NextGen organization and successful implementation of the Reverse Mentorship Program. The program aims to bridge generational gaps in the workforce and amplify young professionals' voices within the organization.
Chan emphasizes the importance of IDEA (Inclusion, Diversity, Equity, and Allyship) in building an inclusive workplace where employees feel empowered to share their perspectives regardless of their position level. Her approach focuses on creating safe spaces, active listening, and taking concrete actions to support inclusive environments.
The Clorox Company (NYSE:CLX) has announced a strategic partnership with Manufacture 2030 (M2030) to help suppliers meet carbon reduction targets and advance towards net-zero emissions by 2050. The program will focus on measuring, managing, and reducing carbon emissions throughout Clorox's value chain.
The initiative will be gradually implemented with strategic raw materials and packaging suppliers, representing over half of Clorox's scope 3 emissions. M2030's platform will enable suppliers to track progress, share data with other customers, and export information for Carbon Disclosure Project (CDP) submissions.
This partnership aligns with Clorox's IGNITE strategy and environmental goals, including their 2030 science-based targets and commitment to achieving net-zero GHG emissions by 2050.
Clorox (NYSE: CLX) has announced a strategic partnership with Manufacture 2030 (M2030) to advance its climate action goals and help suppliers meet carbon reduction targets. The program will focus on measuring, managing, and reducing carbon emissions throughout Clorox's value chain, targeting suppliers of strategic raw materials and packaging that represent over half of the company's scope 3 emissions.
Through M2030's platform, suppliers can track progress, share data with customers, and export information to the Carbon Disclosure Project (CDP). This initiative supports Clorox's commitment to achieving net-zero emissions by 2050 and aligns with their science-based targets for 2030. The partnership emphasizes sustainable business practices and environmental impact reduction through collaborative industry efforts.
The Clorox Company highlights Amin El-Hajj, a Dubai-based sales manager, in their Change Makers initiative, which recognizes employees who promote diversity and inclusion. Nominated by associate sales manager Vinay Tejwani, Amin is praised for fostering inclusivity in a predominantly Arabic-speaking team by ensuring language accessibility and advocating for team members' needs. The initiative emphasizes Clorox's commitment to building a workplace where every employee feels respected and valued, with a focus on active allyship and creating an environment that encourages open communication and diverse perspectives.
Kingsford announces the 'King of The Tailgate' contest featuring NFL player Jason Kelce. From now until November 21, 2024, fans can participate by sharing their game day grilling experiences. Two grand prize winners will receive a trip for two to the San Francisco 49ers game on December 30, 2024, including a meet-and-greet with Kelce and game tickets. Additionally, five runners-up will win a tailgate-at-home package including a grill, charcoal, tools, premium cooler, and customized overalls. The contest is part of Kingsford's season-long tailgating celebration, which has included tour stops at college football games nationwide.
Clorox (CLX) reported strong Q1 FY2025 results with net sales increasing 27% to $1.76 billion. Organic sales grew 31%, while gross margin improved 740 basis points to 45.8%. Diluted EPS rose 371% to $0.80, and adjusted EPS increased 280% to $1.86. The company completed the divestiture of its Better Health VMS business and updated its FY2025 outlook, raising gross margin expectations to 100-150 basis points improvement and adjusted EPS guidance to $6.65-$6.90. All segments except International showed significant growth, with double-digit organic sales increases across reportable segments.
Clorox hosted its first-ever ERG Leadership Summit focused on organizational resilience. The company's Employee Resource Groups (ERGs), which have been active for nearly two decades, now comprise over 5,000 members, representing more than half of Clorox's workforce. The summit, themed 'Resilience: The Key to Thriving Teams,' aimed to advance the company's IGNITE strategy and IDEA initiatives. Key takeaways included celebrating leadership, reflecting on past achievements, developing a framework around four pillars (culture, career, commerce, and community), seeking employee feedback, and building community through teamwork.
Clorox Professional has launched a marketing campaign called 'Protecting With Purpose' to celebrate infection preventionists (IPs) who play a important role in safeguarding against healthcare-associated infections. The campaign highlights the dedication of these professionals in protecting patients, hospital staff, and visitors in healthcare environments.
The initiative stems from Clorox's partnership with the Association for Professionals in Infection Control and Epidemiology (APIC), which allows the company to better understand and serve the needs of IPs. Clorox Healthcare, part of The Clorox Company's 111-year history in infection prevention, supports healthcare professionals through product solutions, educational tools, and resources to maintain clean and safe healthcare facilities.
Kendall Stout, an associate director at Clorox, is making a significant impact on mental health awareness within the company. As a co-founder of the Mental Health Champions employee resource group, she has helped implement more inclusive mental health policies and supports employees through various initiatives.
The group's efforts extend beyond Clorox, reaching out to local high schools to provide workshops on managing stress and anxiety. They are also exploring partnerships to increase the number of therapists in underserved communities.
Stout emphasizes the importance of working for a company that aligns with personal values and allows employees to make a difference. The Mental Health Champions group actively supports Clorox's purpose of helping people be well and thrive every day, particularly during Mental Health Awareness Month, by organizing events with external speakers, leadership panels, and employee spotlight stories.
The Clorox Company (NYSE: CLX) has announced it will release its first-quarter fiscal year 2025 results on October 30, 2024. The company will follow a two-step process for the announcement:
1. At 1:15 p.m. PT / 4:15 p.m. ET, Clorox will post the press release and prepared management remarks on their website.
2. At 2 p.m. PT / 5 p.m. ET, there will be a live Q&A audio webcast for analysts featuring Chair and CEO Linda Rendle and Chief Financial Officer Kevin Jacobsen.
Interested parties can access the webcast, press release, and prepared remarks through the Clorox quarterly results webpage.
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