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 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.
Kingsford has formed a partnership with recteq, focusing on enhancing backyard grilling experiences with recteq's pellet grills fueled by Kingsford's 100% Hardwood Pellets. Ed Huber from Kingsford emphasized the goal of quality and innovation through the collaboration. The initiative includes sharing recipes and grilling tips, with a focus on themes like holiday grilling. Additionally, Kingsford will co-sponsor recteq Academy, teaching barbecue secrets. The partnership also involves charitable contributions, with each brand donating $25,000 to local food banks during the holiday season.
Clorox has introduced a beta device designed to enhance safety in schools by detecting illness indicators such as fevers, coughs, and sneezes. With 79% of parents supporting technological solutions in schools, this device will be donated to select institutions for testing this fall. The device uses thermal sensors and proprietary software to monitor symptoms in real-time, alerting educators when thresholds are surpassed. This proactive measure aims to combat illness outbreaks and ensure safer classrooms, as 51% of parents cite difficulty in early detection as a major barrier to reopening schools.
The Clorox Company (NYSE: CLX) will host a live audio webcast discussing its first quarter fiscal year 2021 results on November 2, starting at 10:30 a.m. PT (1:30 p.m. ET). The event will be accessible via the company’s investor events page, with a replay available afterward. Clorox, recognized for its strong consumer brand portfolio, reported fiscal year 2020 sales of $6.7 billion and employs around 8,800 people globally. The company's brands hold dominant market positions, with over 80% of sales coming from those ranked No. 1 or No. 2 in their categories.
The Clorox Company (NYSE: CLX) received the 2020 Safer Choice Partner of the Year Award from the U.S. EPA, marking its third recognition in this category. The award acknowledges Clorox’s commitment to manufacturing products that prioritize health and sustainability. Notably, 21 Clorox products now carry the Safer Choice label, an increase from 19 in 2018. Clorox has actively participated in the Safer Choice Program since 2007, collaborating with the EPA to promote safer chemicals. The award was presented during a virtual ceremony on September 24, 2020.
The Clorox Company (NYSE: CLX) has declared a quarterly dividend of $1.11 per share, payable on November 20, 2020, to shareholders of record by November 4, 2020. This marks the 51st consecutive year of dividends since the company regained independence. Clorox reported fiscal year 2020 sales of $6.7 billion and is recognized for its leading consumer brands, with over 80% of its sales coming from top market share products. The company has been acknowledged for its corporate responsibility efforts and sustainability initiatives.
The Clorox Company (NYSE:CLX) has joined over 1,000 companies in supporting the United Nations' call for inclusive multilateralism, as evidenced by CEO Linda Rendle signing the Statement from Business Leaders for Renewed Global Cooperation. The statement emphasizes ethical leadership, accountability, and addressing systemic inequalities. Clorox, a UN Global Compact signatory since 2015, reaffirms its commitment to sustainable growth and corporate governance aligned with UN principles. The company generated $6.7 billion in sales in fiscal year 2020 and is recognized for its significant contributions to community support.
Pine-Sol® Original Multi-Surface Cleaner has been approved by the U.S. EPA for kill claims against SARS-CoV-2 after successful third-party testing. This approval enhances the cleaner's role in maintaining health safety amid the COVID-19 pandemic, particularly for essential workers. Research indicates that 58% of Black American millennial women are concerned about health and cleaning product access. Clorox aims to increase disinfectant access to help combat the virus. The company reported 2020 sales of $6.7 billion and continues to emphasize its commitment to community health and safety.
The Clorox Company (NYSE: CLX) has joined the U.S. Plastics Pact, aiming to achieve ambitious circular economy goals by 2025. The initiative involves over 60 organizations and focuses on minimizing plastic waste through defined strategies. Clorox committed to ensuring that all plastic packaging is 100% reusable, recyclable, or compostable by 2025, and to effectively recycling or composting 50% of plastic packaging. The company will provide annual updates on progress, reflecting a strong commitment to environmental sustainability.
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