Clorox Co Del - CLX STOCK NEWS

Clorox (NYSE: CLX) has announced a strategic partnership with Manufacture 2030 (M2030) to advance its climate action goals and help suppliers meet carbon reduction targets. The program will focus on measuring, managing, and reducing carbon emissions throughout Clorox's value chain, targeting suppliers of strategic raw materials and packaging that represent over half of the company's scope 3 emissions.

Through M2030's platform, suppliers can track progress, share data with customers, and export information to the Carbon Disclosure Project (CDP). This initiative supports Clorox's commitment to achieving net-zero emissions by 2050 and aligns with their science-based targets for 2030. The partnership emphasizes sustainable business practices and environmental impact reduction through collaborative industry efforts.

The Clorox Company highlights Amin El-Hajj, a Dubai-based sales manager, in their Change Makers initiative, which recognizes employees who promote diversity and inclusion. Nominated by associate sales manager Vinay Tejwani, Amin is praised for fostering inclusivity in a predominantly Arabic-speaking team by ensuring language accessibility and advocating for team members' needs. The initiative emphasizes Clorox's commitment to building a workplace where every employee feels respected and valued, with a focus on active allyship and creating an environment that encourages open communication and diverse perspectives.

Kingsford announces the 'King of The Tailgate' contest featuring NFL player Jason Kelce. From now until November 21, 2024, fans can participate by sharing their game day grilling experiences. Two grand prize winners will receive a trip for two to the San Francisco 49ers game on December 30, 2024, including a meet-and-greet with Kelce and game tickets. Additionally, five runners-up will win a tailgate-at-home package including a grill, charcoal, tools, premium cooler, and customized overalls. The contest is part of Kingsford's season-long tailgating celebration, which has included tour stops at college football games nationwide.

Clorox (CLX) reported strong Q1 FY2025 results with net sales increasing 27% to $1.76 billion. Organic sales grew 31%, while gross margin improved 740 basis points to 45.8%. Diluted EPS rose 371% to $0.80, and adjusted EPS increased 280% to $1.86. The company completed the divestiture of its Better Health VMS business and updated its FY2025 outlook, raising gross margin expectations to 100-150 basis points improvement and adjusted EPS guidance to $6.65-$6.90. All segments except International showed significant growth, with double-digit organic sales increases across reportable segments.

Clorox hosted its first-ever ERG Leadership Summit focused on organizational resilience. The company's Employee Resource Groups (ERGs), which have been active for nearly two decades, now comprise over 5,000 members, representing more than half of Clorox's workforce. The summit, themed 'Resilience: The Key to Thriving Teams,' aimed to advance the company's IGNITE strategy and IDEA initiatives. Key takeaways included celebrating leadership, reflecting on past achievements, developing a framework around four pillars (culture, career, commerce, and community), seeking employee feedback, and building community through teamwork.

Clorox Professional has launched a marketing campaign called 'Protecting With Purpose' to celebrate infection preventionists (IPs) who play a important role in safeguarding against healthcare-associated infections. The campaign highlights the dedication of these professionals in protecting patients, hospital staff, and visitors in healthcare environments.

The initiative stems from Clorox's partnership with the Association for Professionals in Infection Control and Epidemiology (APIC), which allows the company to better understand and serve the needs of IPs. Clorox Healthcare, part of The Clorox Company's 111-year history in infection prevention, supports healthcare professionals through product solutions, educational tools, and resources to maintain clean and safe healthcare facilities.

Kendall Stout, an associate director at Clorox, is making a significant impact on mental health awareness within the company. As a co-founder of the Mental Health Champions employee resource group, she has helped implement more inclusive mental health policies and supports employees through various initiatives.

The group's efforts extend beyond Clorox, reaching out to local high schools to provide workshops on managing stress and anxiety. They are also exploring partnerships to increase the number of therapists in underserved communities.

Stout emphasizes the importance of working for a company that aligns with personal values and allows employees to make a difference. The Mental Health Champions group actively supports Clorox's purpose of helping people be well and thrive every day, particularly during Mental Health Awareness Month, by organizing events with external speakers, leadership panels, and employee spotlight stories.

The Clorox Company (NYSE: CLX) has announced it will release its first-quarter fiscal year 2025 results on October 30, 2024. The company will follow a two-step process for the announcement:

1. At 1:15 p.m. PT / 4:15 p.m. ET, Clorox will post the press release and prepared management remarks on their website.

2. At 2 p.m. PT / 5 p.m. ET, there will be a live Q&A audio webcast for analysts featuring Chair and CEO Linda Rendle and Chief Financial Officer Kevin Jacobsen.

Interested parties can access the webcast, press release, and prepared remarks through the Clorox quarterly results webpage.

Clorox CEO Linda Rendle has released the company's fiscal year 2024 integrated annual report, highlighting strong momentum despite facing challenges such as a complex macroeconomic environment, pressured consumers, and the aftermath of a cyberattack in August 2023. The company successfully restored operations, rebuilt supply and distribution, and recovered market share.

Despite hurdles, Clorox achieved double-digit adjusted earnings per share growth while investing in brands. The company continues to execute its IGNITE strategy, focusing on delivering superior value through trusted brands, innovating with intent, and creating a more consumer-obsessed, faster, and leaner organization.

Clorox remains committed to its integrated ESG goals and aims to meet consumer needs for value and superior experiences amid ongoing uncertainty. The company is taking steps to navigate near-term challenges while working towards consistent, profitable growth and enhanced long-term shareholder value.