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.
Kingsford has launched a new line of Signature Flavors that combines charcoal briquets or pellets with 100% real spices, enhancing grilling experiences. Available in three flavors—Garlic Onion Paprika, Basil Sage Thyme, and Cumin Chili—these products are designed for easy customization. They cater to both novice and experienced grillers, with charcoal briquets releasing flavors as they cook and hardwood pellets for optimal grill performance. The products are available nationwide in sizes ranging from 2 to 17 pounds.
Hamilton Beach Brands, a subsidiary of Hamilton Beach Brands Holding Company (NYSE: HBB), has entered into an exclusive multiyear trademark licensing and product development agreement with Brita, a leader in at-home water filtration. This partnership aims to launch a new line of countertop water appliances later this year, promoting sustainable water filtration solutions. The collaboration is expected to tap into the growing demand for home health and wellness products, a market valued in the multibillion-dollar range. The agreement aligns with Hamilton Beach's strategy to innovate and expand its product offerings in health-focused categories.
On March 10, 2022, Hidden Valley Ranch unveiled a unique 2-carat diamond, crafted from its iconic seasoning, in celebration of National Ranch Day. This one-of-a-kind diamond, created through a meticulous process involving extreme heat and pressure, will be auctioned off until March 17, with a starting bid of $310. All proceeds will support Feeding America, with every dollar providing at least 10 meals. The roll-out coincides with a rise in proposals and weddings, with the winning bidder receiving the diamond just in time for National Proposal Day on March 20.
The Clorox Company (NYSE: CLX) has announced a quarterly dividend of $1.16 per share, payable on May 13, 2022, to stockholders of record by April 27, 2022. With nearly 20 consecutive years of dividend increases, Clorox continues its strong history of delivering shareholder value. In fiscal year 2021, the company reported sales of $7.3 billion and maintains market-leading positions in over 80% of its product categories. Clorox is also recognized for its corporate sustainability efforts, ranking on notable environmental and equality indices.
Clorox announced a partnership with Athletes for Hope to expand its AFH University program to Clark Atlanta University, Emory University, and Morehouse College. This initiative aims to promote social change through community service by engaging college athletes. Clorox is also the Official Cleaning and Disinfecting Partner of the NBA and plans to support local volunteer events in Atlanta. The company reported fiscal year 2021 sales of $7.3 billion and is recognized for its corporate responsibility efforts, contributing $20 million in cash grants and donations.
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.
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