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Clorox Co Del - CLX STOCK NEWS

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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.

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Clorox commemorates Human Rights Day by highlighting its commitment to human rights and sustainable partnerships. The company has enhanced its supplier relationship management by implementing stronger environmental and social sustainability criteria in scorecards and contracts with priority suppliers, ensuring adherence to their Business Partner Code of Conduct.

The company continues to collaborate with various organizations including Action for Sustainable Derivatives, AIM-Progress, Earthworm Foundation, Global Shea Alliance, Responsible Mica Initiative, and Sustainable Coconut Partnership to advance social and environmental impact throughout their supply chain.

These initiatives reflect Clorox's dedication to fostering thriving communities through increased transparency and expanding their impact beyond their immediate operations.

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Clorox has introduced the Helping Hands Award to recognize employees who volunteer in their communities. The first recipient is Dan Kellenberger, vice president and general manager of CloroxPro, who has been volunteering for 23 years since joining the company.

Kellenberger shares his experience working with organizations like the Alameda County Community Foodbank and Humble Design, which helps furnish homes for families transitioning from homelessness. He emphasizes that volunteering is integrated into professional responsibilities at Clorox Professional, where they actively encourage employees to support causes that matter to them.

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Clorox has reported significant innovation achievements in 2024, reaching its 2025 goal of knowing 100M consumers ahead of schedule. The company implemented AI and data cloud technologies, reducing innovation discovery cycle time by 50% through its Digital Core platform.

Key developments include new collaborations with Walmart and Instacart for enhanced shopping experiences, and innovations across seven major brands including Burt's Bees, Clorox, and Glad. The company deployed a centralized cloud solution for first-party data management and enhanced personalized marketing.

While advancing sustainability initiatives, Clorox faced challenges including a cyberattack that impacted their 2030 plastic and waste reduction goals. The company continues to work with industry groups and supports Extended Producer Responsibility for global waste management.

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Brita, a Clorox Company brand, is actively addressing water safety concerns through partnerships with U.S. municipalities affected by lead contamination. With over 280 partnerships nationwide, Brita provides Elite filters that remove 99% of lead from drinking water. The initiative, launched in 2019, helps communities access safer water while infrastructure upgrades are pending. A notable example includes collaboration with Cook County, Chicago, distributing over 80,000 coupons for free Brita Elite filters to Medicaid enrollees. The EPA estimates 9.2 million lead service lines remain active across the country, posing significant health risks, particularly to young children.

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CloroxPro's Clorox EcoClean Disinfecting Wipes have won the 2024 ISSA Environment & Sustainability Innovation of the Year Award at the ISSA Show in Las Vegas. The newly launched wipes feature EPA Design for the Environment (DfE)-certified ingredients and a 100% plant-based substrate with citric acid as the active ingredient. The product kills 99.9% of illness-causing germs, including Norovirus, cold & flu viruses, E. coli, MRSA, and COVID-19.

The wipes are part of the broader EcoClean portfolio, which uses 25% post-consumer recycled plastic packaging and supports facilities in meeting various sustainability certifications, including LEED and ISSA CIMS - Green Building standards.

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CloroxPro's Clorox EcoClean Disinfecting Wipes have won the 2024 ISSA Environment & Sustainability Innovation of the Year Award at the ISSA Show in Las Vegas. The newly launched wipes feature EPA Design for the Environment (DfE)-certified ingredients and a 100% plant-based substrate with citric acid as the active ingredient.

The product kills 99.9% of illness-causing germs, including Norovirus, cold & flu viruses, E. coli, MRSA, and COVID-19. Made with 25% post-consumer recycled plastic packaging, these wipes support facilities in meeting various sustainability goals, including LEED and ISSA CIMS - Green Building requirements. The wipes expand CloroxPro's EcoClean portfolio, which includes Disinfecting Cleaner, All Purpose Cleaner, and Glass Cleaner.

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The Clorox Company (NYSE: CLX) announced the election of Stephen Bratspies and Pierre Breber to its board of directors. Bratspies, 57, former CEO of Hanesbrands, brings operational and marketing expertise from leadership roles at Walmart, Specialty Brands, and PepsiCo. Breber, 60, former CFO of Chevron, contributes financial expertise and experience in strategic transformation. The appointments follow the departure of three board members - Amy Banse, Paul Parker, and Kathryn Tesija, bringing the total board size to 11 members. Bratspies will serve on the Audit committee, while Breber will join both the Audit and Nominating, Governance and Corporate Responsibility committees.

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Clorox (NYSE: CLX) has announced a quarterly dividend payment of $1.22 per share on its common stock. The dividend will be paid on February 14, 2025, to shareholders who are on record as of January 29, 2025. The company highlighted its consistent track record of providing shareholder value through regular dividend payments and yearly dividend increases.

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The Clorox Company Foundation released its annual report highlighting its community impact initiatives. The foundation, established in 1980, focuses on youth development through literacy and STEM programs, while also supporting racial and environmental justice initiatives. Employee engagement has been significant, with over half of teammates participating in the GIFT campaign and contributing volunteer hours. The foundation provides disaster relief support and emphasizes community well-being through various programs, staying aligned with Clorox Company's purpose of helping people thrive.

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The Clorox Company highlights Danielle Chan, a senior analyst on the Burt's Bees sales team, through their Change Makers initiative. Chan was recognized for her leadership in the NextGen organization and successful implementation of the Reverse Mentorship Program. The program aims to bridge generational gaps in the workforce and amplify young professionals' voices within the organization.

Chan emphasizes the importance of IDEA (Inclusion, Diversity, Equity, and Allyship) in building an inclusive workplace where employees feel empowered to share their perspectives regardless of their position level. Her approach focuses on creating safe spaces, active listening, and taking concrete actions to support inclusive environments.

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FAQ

What is the current stock price of Clorox Co Del (CLX)?

The current stock price of Clorox Co Del (CLX) is $157.25 as of February 21, 2025.

What is the market cap of Clorox Co Del (CLX)?

The market cap of Clorox Co Del (CLX) is approximately 18.9B.

What products does Clorox Company offer?

Clorox offers a wide range of products including cleaning supplies, laundry care products, trash bags, cat litter, charcoal, food dressings, water filtration solutions, and natural personal care products.

Where is Clorox headquartered?

Clorox is headquartered in Oakland, California, United States.

What are some of Clorox’s well-known brands?

Some well-known brands from Clorox include Clorox® bleach, Pine-Sol®, Fresh Step®, Kingsford®, Hidden Valley®, Brita®, Glad®, and Burt's Bees®.

In how many countries does Clorox operate?

Clorox manufactures products in more than two dozen countries and markets them in over 100 countries.

What recent challenges has Clorox faced?

Clorox recently faced a cyberattack in August 2023, but has reported significant recovery and operational rebuilding efforts.

What is Clorox’s IGNITE strategy?

Clorox’s IGNITE strategy focuses on evolving its portfolio to concentrate on core businesses, driving consistent and profitable growth.

What sustainability achievements has Clorox made?

Clorox has achieved zero-waste-to-landfill status for its plants in Asia and the Middle East and was ranked No. 1 on Barron's 100 Most Sustainable Companies list.

How is Clorox investing in its future operations?

Clorox is investing in digital capabilities and productivity enhancements, aiming for significant cost savings and efficiency improvements over the next few years.

What is Clorox’s commitment to ESG?

Clorox is committed to Environmental, Social, and Governance (ESG) principles, integrating them into its business operations and earning high sustainability rankings.

What are Clorox’s plans for cost savings?

Clorox plans to achieve annual cost savings of $75 million to $100 million through its streamlined operating model and digital investments.
Clorox Co Del

NYSE:CLX

CLX Rankings

CLX Stock Data

18.86B
122.69M
0.19%
80.69%
3.21%
Household & Personal Products
Specialty Cleaning, Polishing and Sanitation Preparations
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United States
OAKLAND