Clorox Company - CLX STOCK NEWS

Brita, a leader in at-home water filtration, has announced ambitious sustainability goals aimed at reducing single-use plastic waste. The company aims to eliminate 15 billion plastic water bottles in 2021 and 20 billion by 2030, alongside achieving zero plastic waste to landfills by the same year. Brita also plans to provide access to clean water for 500,000 people in vulnerable U.S. communities by 2024. Their commitment includes creating recyclable packaging and reducing environmental impacts, addressing the plastic waste crisis while supporting communities affected by climate change.

Madison Square Garden Sports and Madison Square Garden Entertainment announced a multi-year marketing partnership with The Clorox Company. Clorox will serve as the Official Cleaning & Disinfection Products Partner for the Knicks, Rangers, and Madison Square Garden Arena, providing products like electrostatic sprayers. This partnership includes significant brand integration at games and community support initiatives, including the Knicks’ Sweetwater Clifton ‘City Spirit’ Award.

On March 30, 2021, Clorox launched a new initiative featuring actor Billy Porter to promote their Scentiva product line. The campaign encourages consumers to enhance their cleaning routines through a TikTok challenge and the YAS CLEAN! Sweepstakes, offering a home makeover prize of $5,000 and a matching donation to a charity. Clorox Scentiva products, known for their pleasant scents and disinfecting capabilities, aim to transform cleaning into a self-care activity. The campaign emphasizes the mental well-being benefits of maintaining a clean living space.

The Clorox Company (NYSE: CLX) will host a live audio webcast on April 30, 2021, at 10:30 a.m. PT to discuss its third quarter fiscal year 2021 results. The event will be accessible through their investor events webpage, with a replay available afterward. Clorox, a leading manufacturer with $6.7 billion in sales for fiscal year 2020, offers well-known brands such as Clorox bleach, Pine-Sol, and Glad. The company is recognized for its commitment to sustainability and community support, contributing over $25 million in fiscal year 2020.

Clorox has announced the launch of the Safer Today Alliance, a collaboration with Cleveland Clinic and the CDC Foundation aimed at enhancing public health and safety. This initiative focuses on increasing safety measures as people return to shared spaces, particularly in sectors such as retail and travel. Clorox will support leading companies, including United Airlines and Uber, by providing guidance on cleaning practices and products. The company also committed $1 million to fund research through the Clorox Public Health Research Fund, strengthening its role in combating COVID-19.

MGM Resorts International has partnered with The Clorox Company as the exclusive provider of disinfectant and hand sanitizing products across over 20 of its properties in Las Vegas and the U.S. Clorox will supply disinfectant wipes and hand sanitizer to enhance guest safety in alignment with MGM's Seven-Point Safety Plan, initiated to prioritize health amid the ongoing pandemic. This collaboration highlights MGM's commitment to providing a safe environment for guests and employees, leveraging Clorox's expertise in cleaning products.

Burt's Bees unveiled its 2025 vision aiming for Net Zero Plastic to Nature, promoting a circular economy while enhancing the livelihoods of over 50,000 people in its supply chain. Key goals include reducing virgin packaging by 33% by 2025, launching waste-free products with Loop, and investing in U.S. municipal recycling systems. Since January 2021, the company has transitioned to 100% Renewable Electricity and maintains CarbonNeutral® certification. The brand has already impacted over 20,000 livelihoods through responsible sourcing initiatives.

The Clorox Company (NYSE: CLX) has declared a quarterly dividend of $1.11 per share, payable on May 7, 2021, to shareholders of record as of April 21, 2021. This marks the 52nd consecutive year of dividend payments since the company regained independence. In fiscal year 2020, Clorox reported sales of $6.7 billion and employs about 8,800 people worldwide. Clorox maintains a strong market presence, with over 80% of sales coming from brands that are leaders in their categories.

The Clorox Company (NYSE:CLX) reported a robust 27% sales growth and a 39% increase in diluted EPS to $2.03 for Q2 FY2021, driven by strong demand for cleaning products during the pandemic. The company achieved a 45.4% gross margin, up from 44.1% a year earlier, marking its ninth consecutive quarter of improvement. Year-to-date net cash from operations rose to $629 million, a 26% increase. Clorox updated its full-year sales growth forecast to 10%-13% and expects diluted EPS between $8.05 and $8.25.