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 (NYSE: CLX) has declared a quarterly dividend of $1.18 per share, payable on May 12, 2023, to shareholders of record by April 26, 2023. This marks the company's ongoing commitment to shareholder value, having increased its dividend for 20 consecutive years and paid dividends for over 50 years. Clorox's broad portfolio includes well-known brands like Brita, Burt's Bees, and Clorox, making its products widely available in U.S. homes. The company's integration of Environmental, Social, and Governance (ESG) principles into its operations further reflects its commitment to sustainable business practices.
The Clorox Company (NYSE: CLX) will participate in the Consumer Analyst Group of New York's (CAGNY) annual conference in Boca Raton, Florida, on February 23, 2023. Chief Executive Officer Linda Rendle and Chief Financial Officer Kevin Jacobsen will present at 2 p.m. ET (11 a.m. PT), with a live webcast available on the company's website. A replay will also be accessible post-event. Headquartered in Oakland, CA, Clorox is committed to sustainable practices in health, environment, and community.
The Clorox Company (NYSE: CLX) reported second-quarter fiscal 2023 results with net sales of $1.72 billion, a 1% increase compared to the previous year. Gross margin rose to 36.2%, up 320 basis points, aided by pricing and cost savings. Diluted EPS increased 43% to 80 cents, with adjusted EPS up 48% to 98 cents. Organic sales grew by 4%, while net cash provided by operations reached $387 million, a 74% increase. Clorox revised its fiscal 2023 outlook, anticipating net sales between a 2% decrease and a 1% increase. The company emphasized ongoing strategic investments and maintaining brand relevance amid macroeconomic challenges.
The Clorox Company (NYSE: CLX) will announce its second-quarter fiscal year 2023 results on Feb. 2, 2023. The timing includes a press release and management remarks available at 1:15 p.m. PT (4:15 p.m. ET), followed by a live Q&A audio webcast with CEO Linda Rendle and CFO Kevin Jacobsen at 2 p.m. PT (5 p.m. ET).
Relevant links for the webcast and press release will be made available on the company's investor website.
The Clorox Company (NYSE: CLX) has declared a quarterly dividend of $1.18 per share, payable on Feb. 10, 2023, to shareholders on record as of Jan. 25, 2023. This marks the company's 20th consecutive year of dividend increases and more than 50 years of annual dividends. Clorox aims to drive well-being through its trusted brands and has committed to integrating ESG principles into its reporting, focusing on Healthy Lives, Clean World, and Thriving Communities.
On November 14, 2022, Hidden Valley Ranch launched a limited-edition collectible called "Ranch on a Branch," featuring a plushie and a storybook. Priced at $30, it aims to spread holiday joy by encouraging acts of kindness. The campaign also includes a $30,000 donation to Feeding America, providing 300,000 meals to those in need. The product can be purchased through Hidden Valley's website while supplies last. The initiative reflects the brand's commitment to community support and customer engagement during the holiday season.
The Clorox Company (NYSE: CLX) has been recognized as a 2022 Safer Choice Partner of the Year by the EPA for its commitment to safer product manufacturing. This marks the fifth time Clorox has received this award, highlighting its dedication to using safer ingredients for families and the environment. Additionally, the company participated in modernizing the Design for the Environment logo. Currently, 11 Clorox products carry the Safer Choice label, ensuring strict adherence to EPA standards. Clorox's ESG goals aim to promote health, reduce waste, and support communities.
The Clorox Company (CLX) reported a 4% decrease in net sales to $1.74 billion for Q1 FY2023, primarily due to lower volumes, despite a favorable price mix. Diluted EPS fell 40% to 68 cents, impacted by investments in digital capabilities and operating model changes. Adjusted EPS decreased 23% to 93 cents. Gross margin dropped to 36% amid rising manufacturing costs. The company maintains its FY2023 sales outlook, projecting a 2% increase and aiming for a gross margin improvement of 200 basis points.
The Clorox Company (NYSE: CLX) will announce its first-quarter fiscal year 2023 results on November 1, 2022. The schedule includes a press release at 1:15 p.m. PT and a live Q&A session at 2 p.m. PT featuring CEO Linda Rendle and CFO Kevin Jacobsen. Interested parties can access the webcast and press release on the company’s investor relations website. Clorox, headquartered in Oakland, California, emphasizes its commitment to health and environmental sustainability through its various trusted brands.
FAQ
What is the current stock price of Clorox Company (CLX)?
What is the market cap of Clorox Company (CLX)?
What products does Clorox Company offer?
Where is Clorox headquartered?
What are some of Clorox’s well-known brands?
In how many countries does Clorox operate?
What recent challenges has Clorox faced?
What is Clorox’s IGNITE strategy?
What sustainability achievements has Clorox made?
How is Clorox investing in its future operations?
What is Clorox’s commitment to ESG?
What are Clorox’s plans for cost savings?
