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.
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.
The Clorox Company (NYSE:CLX) announced the resignation of Benno Dorer as executive chair of the board, effective February 15, 2021. Matthew J. Shattock, a board member since 2018, will assume the independent chair role. Dorer has been pivotal in steering Clorox through profitable growth and innovations during his tenure as CEO and chair. Esther Lee has been appointed chair of the Nominating, Governance and Corporate Responsibility Committee. Pamela Thomas-Graham will step down from the board after 16 years of service, expressing confidence in Clorox's future.
The Clorox Company (NYSE: CLX) has achieved its goal of 100% renewable electricity for its U.S. and Canadian operations, four years ahead of schedule. This initiative is part of Clorox's ESG commitments, demonstrating its dedication to climate stewardship. The company will continue this commitment through a 12-year virtual power purchase agreement, ensuring a purchase of 70 MW of renewable energy annually. This transition is projected to reduce CO2 emissions by approximately 180,000 metric tons each year, equivalent to the annual impact of 235,000 acres of U.S. forest.
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