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 $1.16 per share, payable on November 10, 2021, to stockholders of record by the close of business on October 27, 2021. With nearly 20 years of consecutive dividend increases, Clorox has sustained its commitment to delivering shareholder value. The company reported a fiscal year 2021 revenue of $7.3 billion, with over 80% of its sales coming from products that hold the No. 1 or No. 2 market share in their respective categories.
Hidden Valley Ranch launches new Halloween treats with the official Hidden Valley Ranch Costume and Halloween Treat Size Packets, available from September 13, 2021. The costume costs $40 and pairs well with a $35 pizza costume, appealing to fans of ranch and pizza. The Halloween Treat Size Packets are priced at $20. These items enhance Halloween celebrations and reflect the brand's commitment to its fan base. Clorox, the parent company, reported fiscal year 2021 sales of $7.3 billion and emphasizes its leadership in consumer products, including Hidden Valley Ranch.
On September 8, 2021, Clorox announced a $1,000,000 donation to DonorsChoose to support teachers in need of classroom supplies. A survey revealed that 70% of teachers lacked necessary supplies, with 82% predicting increased personal spending this year. Additionally, Clorox provided $100,000 and disinfecting wipes to Atlanta Public Schools. NBA star Donovan Mitchell emphasized the importance of teacher support, while Clorox's Tad Kittredge highlighted the company's commitment to enhancing classroom environments. The initiative aims to alleviate educators' financial burdens and promote safe learning spaces.
The Clorox Company (NYSE:CLX) announced ambitious science-based targets (SBTs) to achieve net zero emissions by 2050, aligning with the Paris Agreement. The company aims for a 50% reduction in carbon emissions for Scopes 1 and 2 by 2030 and a 25% reduction in Scope 3 emissions against a 2020 baseline. These goals support Clorox's IGNITE strategy, which focuses on health, environmental sustainability, and community investment. Clorox has committed to using 100% renewable electricity in U.S. and Canada operations and reducing its packaging carbon footprint.
The Clorox Company (CLX) reported a 9% sales decrease and a 68% decrease in diluted EPS for Q4 2021, with a gross margin contraction of 970 basis points to 37.1%. For FY 2021, sales grew by 9% but diluted EPS fell 24% to $5.58. The fourth-quarter results were impacted by reduced consumer demand following COVID-19 peaks. Despite these challenges, Clorox aims to enhance its operational execution and rebuild margins, projecting a 2% to 6% decrease in sales and a diluted EPS between $5.05 and $5.35 for FY 2022, while investing $500 million in digital capabilities.
The Clorox Company (NYSE: CLX) will host a live audio webcast on August 3, 2021, at 10:30 a.m. PT to discuss its fourth-quarter and fiscal year 2021 results. Investors can access the webcast through the company's investor events page, with a replay available later. Clorox, a leading manufacturer of consumer and professional products, reported $6.7 billion in sales for fiscal year 2020. The company is recognized for its sustainability efforts and commitment to corporate responsibility, contributing over $25 million to various causes in fiscal year 2020.
Clorox Healthcare has announced its partnership with the Association for Professionals in Infection Control and Epidemiology (APIC) for the 2021 Annual Conference, scheduled for June 28-30. The company will provide scholarships for eight infection preventionists, focusing on underserved communities. The conference will include an Exhibitor Symposium on electrostatic disinfection technology. Kristina Vannoni, from Clorox, emphasized the increased recognition of infection prevention's importance due to COVID-19. This initiative aims to support the next generation of infection preventionists with education and technology insights.
Parley for the Oceans and Brita have announced a long-term partnership aimed at eliminating single-use plastic water bottles. The initiative, named "Future of Water," focuses on innovative design to ensure sustainable access to clean drinking water. Key goals include supporting clean water access in vulnerable communities and achieving zero plastic waste by 2030. The collaboration will utilize eco-innovative materials and the Parley A.I.R. strategy to address the global crises of plastic waste and water scarcity.
The Clorox Company announced its involvement in the launch of the U.S. Plastics Pact's "Roadmap to 2025" aimed at achieving a circular economy for plastics by 2025. The Roadmap outlines specific actions and targets, including eliminating problematic packaging, ensuring all plastic packaging is reusable or recyclable, and achieving 50% recycling or composting rates. Clorox aims to meet these targets through its IGNITE corporate strategy and commits to reducing virgin plastic by 50% by 2030. The initiative emphasizes collaboration across the value chain to drive systemic change in the plastics industry.
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