Clorox Company - CLX STOCK NEWS

The Clorox Company (NYSE: CLX) has completed the divestiture of its Better Health Vitamins, Minerals and Supplements (VMS) business to an affiliate of Piping Rock Health Products, The transaction includes the Natural Vitality, NeoCell, Rainbow Light, and RenewLife brands, along with associated trademarks, licenses, and manufacturing facilities in Sunrise, Florida.

This strategic move aligns with Clorox's commitment to evolve its portfolio, aiming to reduce volatility, accelerate sales growth, and improve margins. The company's goal is to drive more consistent and profitable growth over time through this portfolio optimization.

Clorox (CLX) has partnered with Convoy of Hope to support communities affected by natural disasters across the U.S. The company has donated over 200 truckloads of products in 2024, including more than 21,000 items such as Pine-Sol, Clorox bleach, wipes, Kingsford charcoal, and Hidden Valley Ranch dressing. These donations have been distributed to areas recovering from hurricanes, wildfires, floods, and tornadoes in various states.

The initiative aligns with Clorox's IGNITE strategy, which aims to deliver purpose-driven growth that maximizes economic profit while making a positive impact. By providing essential cleaning supplies and cooking products to communities in need, Clorox is reinforcing its commitment to social responsibility and disaster relief efforts.

The Clorox Company Foundation is supporting Equal Justice Works fellow Darby Aono-Shek at UnCommon Law, an Oakland-based organization fighting for incarcerated people's rights in California's parole system. UnCommon Law provides trauma-informed legal counseling to help prepare safe pathways home from prison and challenges illegal parole denials.

Aono-Shek's fellowship focuses on helping older incarcerated individuals, many of whom are Black and Latinx, challenge illegal parole denials. Her work includes direct representation and developing a comprehensive guide for filing habeas petitions without an attorney. This initiative aims to empower more incarcerated people to hold the parole board accountable, especially those who can't afford legal representation.

Clorox's Pine-Sol brand has introduced a new, more concentrated line of multisurface cleaners, aligning with the company's IGNITE strategy and environmental goals. The reformulated product offers twice the cleaning power in every drop, requiring smaller bottles and reducing plastic usage by 40-50%. The new bottles are made with a minimum of 50% post-consumer recycled plastic, contributing to Clorox's 2025 sustainability goals.

This innovation supports Clorox's aim to achieve a 50% combined reduction in virgin plastic and fiber packaging by 2030. The concentrated formula maintains Pine-Sol's effectiveness while reducing water content, potentially decreasing the brand's shipping footprint. This move demonstrates Clorox's commitment to sustainability without compromising product quality or consumer value.

The Clorox Change Makers initiative highlights employees who promote diversity, inclusion, and allyship. This installment focuses on Cassie Hairston, a senior engineer for Glad and Brita in the Supply Chain organization. Cassie was nominated by Kendall Stout for her efforts in eliminating mental health stigma.

Cassie is involved with the American Foundation for Suicide Prevention and serves as chief of staff for Clorox's Mental Health Champions ERG. She openly shares her experience as a suicide survivor, providing support to others. Cassie recently spoke at Clorox's global IDEAcon, tailoring ERG content to reach production teammates and improving culture across ERG communities.

For Cassie, allyship in mental health means advocating for open conversations and treating mental health with the same importance as physical health. She advises others to practice active listening, educate themselves about mental health challenges, and speak up against stigma and discrimination.

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.