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 makers of Hidden Valley Ranch, a brand under Clorox, have launched Hidden Valley Plant Powered Ranch, a dairy-free alternative for ranch lovers. Priced at $3.49 for a 12oz bottle, it caters to those seeking to reduce dairy intake without sacrificing flavor. The product is set to become available nationwide in April 2021. According to Associate Director Nadine Katkhouda, this new offering is aimed at vegans, flexitarians, and those looking to incorporate more dairy-free options. Clorox, the parent company, reported $6.7 billion in sales for fiscal year 2020.
The Clorox Company (NYSE: CLX) announced a live audio webcast scheduled for February 4, 2021, at 10:30 a.m. PT to discuss its second quarter fiscal year 2021 results. Clorox, a leading multinational manufacturer, reported fiscal year 2020 sales of $6.7 billion and employs approximately 8,800 people globally. The company markets renowned brands including Clorox bleach, Pine-Sol, and Glad, generating over 80% of its sales from top market share brands. A replay will be available on their website following the live event.
Enterprise Holdings has partnered with Clorox to enhance its cleaning practices as part of the Complete Clean Pledge. Starting in November, every vehicle rented through Enterprise's brands will include a one-count Clorox Disinfecting Wipe, a first in the car rental industry. This initiative aims to boost consumer confidence amid ongoing health concerns, particularly around COVID-19, with nearly 80% of surveyed customers expressing a need for personal cleaning control. The program will expand to additional locations in the U.S. and Canada in early 2021, reflecting a long-term commitment to safety and well-being.
The Clorox Company (NYSE: CLX) announced on Nov. 18, 2020, the election of Paul Parker to its board of directors. Parker, a senior vice president at Thermo Fisher Scientific, brings over 30 years of experience in finance, mergers and acquisitions. Clorox's lead independent director, Pamela Thomas-Graham, emphasized Parker's expertise as crucial for supporting the company's growth ambitions. Clorox, a major consumer products manufacturer, reported $6.7 billion in fiscal year 2020 sales, with over 80% of its brands holding top market share positions.
Kingsford, a leading outdoor fuel brand, is now offering full pallets of charcoal and pellets directly to consumers for the first time. Available for $400 with free delivery in the Continental U.S., the 'Pallet Present' contains either 48 bags of Kingsford Original Charcoal or 56 bags of Classic Blend Pellets. This initiative aims to cater to avid grillers looking for convenience. Additionally, Kingsford has launched a new range of premium gear and accessories on their online shop, enhancing their product offerings in the grilling market.
The Clorox Company (NYSE: CLX) announced a quarterly dividend of $1.11 per share, payable on February 12, 2021, to stockholders recorded by January 27, 2021. This marks the 51st consecutive year of dividend payments since Clorox's independence, emphasizing its commitment to shareholder value. With fiscal year 2020 sales at $6.7 billion, Clorox is a leading multinational brand recognized for its trusted consumer products. The company also actively contributes to community initiatives, donating over $25 million in fiscal 2020.
The Clorox Company (NYSE: CLX) announced that CEO Linda Rendle and CFO Kevin Jacobsen will speak at two upcoming investor conferences. Rendle will participate in a fireside chat at the Bernstein Operational Decisions Virtual Conference on November 16, 2020, at 11 a.m. ET. Jacobsen will present at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2020, at 2 p.m. ET. The webcasts can be accessed on the Clorox Investor Events page, with replays available afterwards. Clorox reported $6.7 billion in fiscal year 2020 sales, employing about 8,800 people globally.
The Clorox Company (NYSE:CLX) reported a robust sales growth of 27% and a 103% increase in diluted net earnings per share (EPS) for Q1 fiscal 2021, ending Sept. 30, 2020. Diluted EPS reached $3.22, significantly up from $1.59 in the same period last year. The strong performance was driven by increased consumer demand due to COVID-19, with double-digit growth across eight of ten business units. The company anticipates FY 2021 sales growth between 5% and 9% and diluted EPS in the range of $7.70 to $7.95.
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