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 brand is partnering with Allyson Felix to enhance germ prevention for back-to-school families. Research reveals children's clothes are 28 times germier than toilet seats, with backpacks 31 times germier than cell phones. A survey of parents highlights that 69% are concerned about germs from school, with 54% fearing illness. Clorox promotes effective cleaning solutions to keep homes safe during the school year, recognizing the added stress for parents, especially among parents of color. For back-to-school cleaning, Clorox offers products like Disinfecting Wipes and Mist.
The Clorox Company (NYSE: CLX) will present at the Barclays Global Consumer Staples Conference in Boston. CEO Linda Rendle and CFO Kevin Jacobsen will participate in a fireside chat on September 7 from 3-3:40 p.m. ET. Live webcasts of the event can be accessed on the company's website and replays will be available afterwards.
Clorox champions health and well-being with trusted brands, reaching 90% of U.S. homes.
The Glad Products Company has collaborated with Amanza Smith, a real estate agent from the show Selling Sunset, to promote their ForceFlexPlus trash bags featuring Clorox's odor-eliminating technology. A recent survey reveals that 93% of prospective homebuyers consider smell a significant factor in purchasing decisions, with 46% stating bad odors would deter them entirely. Glad's bags don't just mask odors; they eliminate them, enhancing home appeal. Glad's Torture Test showcased the effectiveness of their bags while educating sellers on creating inviting spaces.
The Clorox Company (NYSE: CLX) reported flat net sales of $1.8 billion for Q4 FY2022, with organic sales up 1%. Gross margin remained stable at 37.1%. Diluted EPS grew 4% to 81 cents, though adjusted EPS fell 2% to 93 cents. The company faces challenges from ongoing inflation and market normalization but has launched a streamlined operating model expected to save $75-$100 million annually. For FY2023, Clorox anticipates a 4% decline to a 2% rise in net sales and a diluted EPS range of $3.10 to $3.47, reflecting continued investment in brand and digital capabilities.
The Clorox Company (NYSE: CLX) has declared a 2% increase in its quarterly dividend, raising it from $1.16 to $1.18 per share. The dividend will be payable on August 12, 2022, to shareholders recorded by the close of business on July 27, 2022. Clorox has a strong history of returning value to shareholders, having increased its dividend for 20 consecutive years and maintained annual dividends for over 50 years.
In fiscal year 2021, Clorox reported sales of $7.3 billion, with over 80% of its sales generated from brands holding top market positions.
The Clorox Company (NYSE: CLX) announced it will release its fourth-quarter and fiscal year 2022 results on August 3, 2022. The press release will be available at 1:15 p.m. PT (4:15 p.m. ET), followed by a live Q&A webcast with CEO Linda Rendle and CFO Kevin Jacobsen at 2 p.m. PT (5 p.m. ET). Clorox is recognized for its strong brand portfolio with 80% of sales from leading market share products and reported fiscal year 2021 sales of $7.3 billion. For more details, visit the Clorox investor site.
The Clorox Company (NYSE: CLX) has joined the Responsible Flushing Alliance alongside GOJO Industries to enhance consumer awareness regarding proper disposal habits through the #FlushSmart campaign. This initiative coincides with California's inaugural Flush Smart Day on July 1, promoting the 'Do Not Flush' symbol on packaging of single-use cleaning products. Clorox aims to promote health and safety by encouraging responsible disposal practices, while GOJO emphasizes improving hygiene solutions. The RFA continues to grow, inviting more industry stakeholders to contribute.
The Clorox Company (NYSE: CLX) announced the appointment of Julia Denman and Stephanie Plaines to its board of directors on May 18, 2022. Denman brings nearly 30 years of financial leadership experience from Microsoft and Procter & Gamble, while Plaines has over 30 years in finance, having worked with PepsiCo and Walmart. Their appointments expand the board from 11 to 13 members, enhancing its diversity with 46% female and 30% people of color representation. Both will serve on the audit committee.
The Clorox Company (NYSE: CLX) will present at three investor conferences in June 2022. CEO Linda Rendle and CFO Kevin Jacobsen will speak at the RBC Capital Markets Global Consumer & Retail Conference in Boston on June 1, the Bernstein 38th Annual Strategic Decisions Conference in New York on June 2, and the dbAccess Global Consumer Conference in Paris on June 15. The events will include live webcasts available on the company's website, where replays will also be posted. Clorox reported $7.3 billion in fiscal year 2021 sales and employs approximately 9,000 people.
Brita is expanding its partnership with U.S. municipalities to address lead contamination in drinking water, following stringent EPA regulations. With the ongoing Biden Administration's infrastructure initiative, which aims to replace outdated water systems over 15 years, Brita aims to offer immediate relief through lead-reducing Elite pitchers. The initiative targets eliminating reliance on 20 billion single-use plastic bottles per year by 2030, while assisting vulnerable communities. This partnership includes providing affordable filtration solutions and educational resources to ensure safe drinking water access.
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