Clorox Company - CLX STOCK NEWS

The Clorox Company Foundation is supporting Equal Justice Works fellow Elissa Gray, who works with the Family Violence Appellate Project (FVAP) to protect the legal rights of low-income domestic violence survivors in California. Gray's fellowship focuses on increasing access to appellate-level writ review for survivors facing harmful family court orders. Writs are emergency remedies designed for situations where survivors have no other way to challenge problematic trial court decisions.

Gray's project involves direct representation of survivors, community partnerships, and developing free writ resources across California. A recent case highlighted the importance of this work, where a writ petition challenged a trial court's denial of a temporary move-out order for a youth client. The Court of Appeal's decision confirmed the trial court's error and provided guidance on move-out order standards, demonstrating the critical need for accessible writ review for domestic violence survivors.

Clorox (NYSE: CLX) announced that its top executives will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 4, 2024, in Boston. Chair and CEO Linda Rendle and CFO Kevin Jacobsen will represent the company at this event.

The presentation is scheduled for 3:00 p.m. ET (12:00 p.m. PT) and will be accessible via webcast on Clorox's website. For those unable to attend or watch live, a replay of the webcast will be made available after the event.

This participation in a major industry conference suggests Clorox's commitment to engaging with investors and analysts, potentially discussing company strategies, market trends, and financial performance.

CloroxPro is launching Clorox EcoClean Disinfecting Wipes, a new line of plant-based wipes to meet the growing demand for environmentally friendly cleaners in public facilities. These wipes use naturally derived ingredients, including a citric acid active ingredient, and are made with a 100% plant-based substrate. They kill 99.9% of germs without bleach, ammonia, or alcohol.

The wipes are part of the broader Clorox EcoClean product line, certified under EPA's Design for the Environment and Safer Choice programs. They support sustainability goals like LEED and ISSA CIMS-Green Building. This launch aligns with Clorox's ESG goals, including reducing virgin plastics in their supply chain by 50% by 2030. All Clorox EcoClean products use at least 25% post-consumer recycled plastic packaging.

Clorox's Glad brand is making significant strides in sustainability, as highlighted by Chris Nielsen, director of innovation and sustainability. Glad has integrated sustainability into its core operations, focusing on reducing plastic waste and improving recycling solutions. Key achievements include:

1. Glad drawstring trash bags use less plastic than competitors, potentially saving 100 million pounds of plastic waste annually if widely adopted.
2. 100% renewable energy used in North American manufacturing plants.
3. 99% recyclable packaging materials.
4. Partnership with Recyclops to improve recycling access.

These initiatives align with Clorox's IGNITE strategy, which integrates environmental, social, and governance goals into the company's overall business approach.

CloroxPro has introduced Clorox EcoClean Disinfecting Wipes, expanding its eco-conscious product line. These Design for the Environment (DfE)-certified wipes are made with a 100% plant-based substrate and naturally-derived citric acid active ingredient. They kill 99.9% of germs without bleach, ammonia, or alcohol, and use 38% less plastic. The wipes are effective against cold and flu viruses, norovirus, and COVID-19.

This launch responds to increasing demand for eco-friendly cleaners in facilities. The Clorox EcoClean portfolio now includes disinfecting wipes, disinfecting cleaner, all-purpose cleaner, and glass cleaner. All products use 25% post-consumer recycled plastic packaging and can help facilities meet sustainability goals, including LEED and ISSA CIMS - Green Building requirements.

Clorox (NYSE: CLX) reported Q4 and FY24 results, announcing a 6% decrease in Q4 net sales to $1.9 billion and a 4% decrease in FY24 net sales. Despite this, the company saw gross margin expansion and double-digit adjusted EPS growth. Clorox also announced the sale of its Better Health Vitamins, Minerals and Supplements business to Piping Rock Health Products,

Key Q4 highlights include:

• Diluted EPS increased 22% to $1.73
• Adjusted EPS rose 9% to $1.82
• Gross margin improved by 380 basis points to 46.5%

For FY25, Clorox expects:

• Net sales to be flat to down 2%
• Organic sales growth of 3% to 5%
• Adjusted EPS between $6.55 and $6.80, a 6% to 10% increase

Clorox (NYSE: CLX) has announced an increase in its quarterly dividend from $1.20 to $1.22 per share on the company's common stock. The dividend is payable on August 30, 2024, to shareholders of record as of the close of business on August 14, 2024. This move underscores Clorox's commitment to providing value to its shareholders through regular dividend payments and annual increases. The dividend hike, although modest, demonstrates the company's confidence in its financial stability and long-term growth prospects.

Glad, a leading household waste solutions brand, has partnered with T-Boz from TLC to promote its new Glad ForceFlex Scented Trash Bags campaign. The collaboration focuses on 'scent-stalgia', highlighting how scents can evoke nostalgic memories. The campaign features the 'Glad Girl Group', showcasing '90s-inspired dance moves and fashion to make cleaning more enjoyable.

T-Boz has joined TikTok to support the partnership. From July 22 to August 7, consumers can participate in a sweepstakes for a chance to win a trip to see TLC and Shaggy in concert, along with custom merchandise. The campaign aims to connect with consumers through the power of scent and '90s nostalgia, leveraging T-Boz's iconic status and choreography skills.

The Clorox Company's Glad plant in Rogers, Arkansas, was hit by a tornado in late May, causing significant damage. Plant leaders and employees quickly responded to ensure safety and restore operations. Key actions included:

1. Evacuating over 100 employees to tornado shelters
2. Assessing and mitigating immediate risks (e.g., shutting off gas and electricity)
3. Cleaning up debris and water damage
4. Repairing the building structure
5. Restoring IT infrastructure

Despite challenging conditions, dedicated teams worked long hours to get the plant operational just two days after the tornado hit. The rapid response and collaborative effort demonstrated the resilience and commitment of Clorox employees in the face of adversity.