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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.
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.
Hamilton Beach Brands has secured a multiyear trademark licensing agreement with The Clorox Company to introduce a range of premium air purifiers under the Clorox brand. Scheduled for launch in 2021 and 2022, these air purifiers will claim to eliminate 99.97% of allergens, addressing consumer demand amplified by health concerns. Market distribution will span the U.S., Canada, and Mexico, with prices ranging from $89.99 to $229.99. This partnership aims to enhance both companies' positions in the growing home health and wellness market, which has seen significant demand amid the Covid-19 pandemic.
Kingsford has partnered with celebrity jeweler Ben Baller to launch the Fire Drops, a limited-edition grill and kit designed to inspire grilling among younger generations. This collaboration features a custom Everdure Cube grill, complete with a gold design and an integrated storage tray. Available exclusively via the NTWRK app starting June 10, 2021, for $695, the package includes Kingsford charcoal and curated recipes. This initiative aims to encourage culinary exploration and creativity in grilling.
The Clorox Company (NYSE: CLX) has announced a 5% increase in its quarterly dividend, raising it from $1.11 to $1.16 per share. This dividend is set to be paid on August 13, 2021, to stockholders who are recorded by July 28, 2021. Clorox maintains a strong dividend history, having increased it for nearly 20 consecutive years and paid an annual dividend for more than 50 years. With fiscal year 2020 sales of $6.7 billion, the company continues to provide value to its shareholders through reliable dividends.
Glad is partnering with Recyclops to enhance recycling access for over 100,000 households without current recycling options. The collaboration aims to address the 38% of U.S. homes lacking recycling pickups by utilizing Recyclops’ gig-economy model and smart-routing app. The initiative expands Glad's sustainability efforts, with targets such as 50% reduction in virgin plastic and 100% renewable electricity in North America by 2030. The partnership promises to reach 1,000 cities within three years.
Pine-Sol has launched a limited-edition collectible sneaker called the Pine-Sole, designed by Vashtie Kola. This initiative aims to support Black women entrepreneurs through a partnership with digitalundivided. Sold exclusively at the new Pine-Store, all proceeds will be donated to support programs for Black women entrepreneurs. The sneaker reflects the nostalgic elements of Kola's youth while leveraging Pine-Sol's branding. The Clorox Company, which markets Pine-Sol, reported fiscal year 2020 sales of $6.7 billion, emphasizing its commitment to community support.
Kingsford has announced a partnership with Everdure by Heston Blumenthal, enhancing its branding in the grilling market. This collaboration aims to combine Kingsford's legacy in charcoal with Everdure's innovative grill designs. The brands seek to inspire a new generation of grillers, promoting unique flavors and outdoor cooking experiences. The marketing director of Kingsford expressed excitement about merging products to enhance grilling performance, while Everdure's representative highlighted the importance of charcoal in outdoor cooking. This partnership is expected to yield innovative results.
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