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.
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.
Climate Week 2024 brought a renewed focus on action and urgency in sustainability. Key takeaways include:
1. ESG reality check: Organizations are shifting from aspirational commitments to holistic action plans for achieving net zero, with a focus on decarbonization and solid transition plans.
2. Breaking silos: Cross-departmental collaboration is important for mitigating risk and unlocking value. ESG reporting now incorporates cost avoidance, risk mitigation, and long-term value creation.
3. Clorox's approach: The company has embedded ESG into its IGNITE strategy, focusing on resource efficiency, reputation management, and regulatory compliance to identify risks and opportunities beyond traditional financial metrics.
This shift in focus demonstrates a move towards more practical, actionable sustainability strategies across industries.
The Clorox Change Makers initiative highlights employees who champion diversity, inclusion, and allyship. This installment features Federico Medeiro, a talent acquisition manager in Buenos Aires, Argentina. Federico was nominated by Marisa Tunas, a global talent acquisition director, for his ability to navigate different cultures and mitigate bias in hiring decisions.
Federico's allyship has made a significant impact by embracing diversity and guiding managers in making inclusive hiring choices across challenging markets. He emphasizes the importance of IDEA (Inclusion, Diversity, Equity, and Allyship) in strengthening teams and fostering a sense of belonging. Federico's approach to allyship involves understanding the unique needs of each region and supporting teammates and candidates worldwide.
Clorox aims to build a workplace where every person feels respected, valued, and able to fully participate in the company community. They strive to lead by example and continuously improve their inclusion and diversity efforts.
Clorox has been named a 2024 Safer Choice Partner of the Year by the U.S. Environmental Protection Agency for the seventh consecutive year. This recognition highlights Clorox's commitment to manufacturing products with safer ingredients for families, pets, workplaces, communities, and the environment. The company's certified products, including four in the Clorox EcoClean line and two in the Clorox Free & Clear line, display the Safer Choice or Design for the Environment labels.
Clorox's approach to product stewardship involves:
- Integrating environmental, social, and governance (ESG) goals into their IGNITE strategy
- Focusing on ingredient transparency and advocacy
- Developing more efficient and sustainable packaging solutions
- Collaborating with external partners to drive innovation in safer chemistries
- Participating in initiatives like the Chemical Footprint Project to benchmark and improve efforts
The company aims to reduce the chemical footprint of its cleaning products and is on track to improve its Chemical Footprint Project score for its domestic cleaning portfolio by 35% by 2025.
The Clorox Company (NYSE: CLX) has been named a 2024 Safer Choice Partner of the Year by the Environmental Protection Agency (EPA) for the seventh time. This award recognizes Clorox's outstanding achievement in manufacturing products with ingredients designated as safer for families, pets, workplaces, communities, and the environment.
Several U.S. Clorox products carry the EPA's Safer Choice or Design for the Environment labels, including Clorox® Free and Clear products and the CloroxPro® EcoClean product line. These labels indicate that the ingredients have met rigorous human and environmental health criteria.
This recognition aligns with Clorox's commitment to ingredient transparency and advocacy, which are critical elements of the company's ESG goals embedded in its corporate IGNITE strategy. The award supports Clorox's efforts to enhance consumer confidence through certification programs and builds upon its longstanding product stewardship initiatives.
FAQ
What is the current stock price of Clorox Company (CLX)?
What is the market cap of Clorox Company (CLX)?
What products does Clorox Company offer?
Where is Clorox headquartered?
What are some of Clorox’s well-known brands?
In how many countries does Clorox operate?
What recent challenges has Clorox faced?
What is Clorox’s IGNITE strategy?
What sustainability achievements has Clorox made?
How is Clorox investing in its future operations?
What is Clorox’s commitment to ESG?
What are Clorox’s plans for cost savings?
