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.
On February 8, 2022, the ANSI National Accreditation Board accredited the CloroxPro HealthyClean Trained Specialist Certificate Course. This course, part of the CloroxPro HealthyClean online platform, aims to train professional cleaners in effective cleaning and disinfecting protocols in response to heightened public health concerns. By completing this program, professionals can earn a Certificate of Mastery, enhancing their marketability. ANAB's accreditation ensures the course meets national standards, promoting quality training in the essential cleaning sector.
CloroxPro has launched the CloroxPro HealthyClean online learning platform aimed at cleaning professionals. This platform provides top-tier training and the only ANSI-accredited certification course in the industry. A recent survey highlighted that 91% of cleaning staff need updated protocols, with many current training programs rated poor (only 32% quality). The CloroxPro HealthyClean Trained Specialist Course will teach effective cleaning techniques to enhance public health safety. Upon completion, participants earn a Certificate of Mastery, validating their expertise.
The Clorox Company (NYSE: CLX) announced that CEO Linda Rendle and CFO Kevin Jacobsen will present at the Consumer Analyst Group of New York's virtual conference on Feb. 24, 2022, at 4:10 p.m. ET. A pre-recorded webcast will be available after the session. Clorox, a leading multinational manufacturer with fiscal year 2021 sales of $7.3 billion, boasts brands including Pine-Sol, Glad, and Brita, with over 80% of sales from market-leading positions. The company is committed to sustainability, recognized for its corporate responsibility efforts.
The Clorox Company (NYSE: CLX) reported an 8% decline in net sales to $1.7 billion for Q2 FY22, following a 27% increase in the same period last year. Gross margin fell 1240 basis points to 33%, leading to a 72% drop in diluted EPS to $0.56. Operational cash flow decreased 65% to $222 million. Despite these challenges, Clorox maintained market share growth in key segments and plans to counter inflation with strategic pricing. The company anticipates a sales decline of 1-4% for FY22 but aims to return to 3-5% growth by Q4.
The Clorox Company (NYSE: CLX) will release its second-quarter fiscal year 2022 results on February 3, 2022, with a press release at 1:15 p.m. PT and a live Q&A at 2 p.m. PT. CEO Linda Rendle and CFO Kevin Jacobsen will host the Q&A to discuss the results. Clorox, known for a wide range of consumer products, reported $7.3 billion in sales for fiscal year 2021. The company emphasizes sustainability and corporate responsibility, contributing $20 million in support of community initiatives.
The Clorox Company (NYSE: CLX) will have CFO Kevin Jacobsen participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 2, 2021, starting at 12:10 p.m. ET. The event will be accessible via a webcast, with a replay available afterward. Clorox, a leading manufacturer of consumer and professional products, reported fiscal year 2021 sales of $7.3 billion and employs around 9,000 people globally. The company is recognized for its commitment to sustainability and community support, contributing approximately $20 million in fiscal year 2021.
The Clorox Company (NYSE: CLX) announced a quarterly dividend of $1.16 per share, payable on Feb. 11, 2022, to stockholders of record on Jan. 26, 2022. This marks nearly 20 consecutive years of dividend increases and over 50 years of annual payments, reflecting the company’s commitment to providing value to shareholders. Clorox reported fiscal year 2021 sales of $7.3 billion and has a diverse product portfolio with brands holding top market shares.
Kingsford has announced a collaboration with artist Joshua Vides for the limited-edition Kingsford® x Reality to Idea Fire Drops grill. Following a successful previous launch with celebrity jeweler Ben Baller, this new grill, featuring Vides’ graffiti style, includes a custom Everdure Cube™ grill kit. Available on November 16, 2021, at 2:30 PM PST for $495, it comprises essential grilling items and is aimed at attracting a younger audience. The company expresses enthusiasm for blending art and culinary experiences.
The Clorox Company (NYSE: CLX) reported a 6% decline in net sales to $1.8 billion for Q1 FY2022, contrasting sharply with a 27% increase a year ago. Diluted EPS fell 65% to $1.14, primarily due to lower gross margin and a prior-year gain. Gross margin decreased 1090 basis points to 37%, affected by increased costs. While the company anticipates continued inflationary pressures, it confirmed its FY2022 outlook with projected net sales declines of 2% to 6% and adjusted EPS between $5.40 and $5.70.
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