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.
On May 15, 2024, The Clorox Company announced an educational campaign to promote preventive care screenings among its employees. This initiative follows the experience of Natalie Hovany, VP of HR business partnership, who discovered she had triple-negative breast cancer during a routine mammogram. The early detection allowed for timely treatment. Over the past year, Clorox has observed a significant uptick in employees and their families engaging in annual well visits, building relationships with primary care physicians, and scheduling routine screenings. Clorox is committed to prioritizing the health and well-being of its employees through various benefits, programs, and resources.
The Clorox Company is focusing on allyship as part of its inclusion, diversity, equity, and allyship efforts, aiming to create a more inclusive workplace and better meet the diverse needs of consumers. The company is committed to practicing allyship through various initiatives and activities.
The Clorox Company reported Q3 fiscal year 2024 results, showcasing a 5% decrease in net sales due to cyberattack disruptions but a 2% increase in organic sales. Gross margin rose to 42.2%, with diluted EPS up 76% to $0.41. The company divested its Argentina business, posted one-time charges, and expects sales to be down but gross margin to increase. Strategic highlights include progress in rebuilding market share, innovations, and sustainability accolades.
Niki King, VP and Head of Sustainability at The Clorox Company, leads the company's ESG efforts, driving strategies to achieve ambitious goals. She engages stakeholders to embed ESG practices and maintain Clorox's leadership in the ESG space. The Impact Podcast featuring Niki King highlights Clorox's commitment to sustainability.
Clorox Employees Share Their Stories for National Infertility Awareness Week
Clorox employees are coming forward to share their personal experiences during National Infertility Awareness Week. The company is highlighting the challenges faced by employees dealing with infertility and the importance of support and understanding in the workplace.
This initiative aims to raise awareness about infertility issues and promote a more inclusive and supportive work environment for all employees. By sharing their stories, Clorox employees hope to break the stigma surrounding infertility and encourage open conversations about this important topic.
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