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Clorox Company - CLX STOCK NEWS

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.

News

Clorox Reports Q2 Fiscal Year 2024 Results, Updates Outlook

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Clorox Company (CLX) reported a 16% increase in net sales to $1.99 billion in the second quarter of fiscal year 2024, driven by higher volume and favorable price mix. However, diluted net earnings per share decreased by 6% due to noncash pension plan settlement charge, investments in digital capabilities, and cyberattack-related expenses. Adjusted EPS increased by 120% to $2.16. The company made progress in recovering from the cyberattack, delivered strong cost savings, and achieved double-digit organic sales growth in International markets. Net sales and adjusted EBIT increased across all reportable segments, with International net sales growing by 9% and segment adjusted EBIT increasing by 33%. The company updated its fiscal year 2024 outlook, expecting net sales to be down low single digits and gross margin to be up.
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How The Clorox Company Drives Innovative Experiences

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The Clorox Company announces its FY23 highlights, including innovation across major brands, reaching 100 million consumers, and launching partnership innovations with Hamilton Beach Brands Inc. The company also unveiled its first-ever direct-to-consumer site, increased participation on Amazon and Walmart.com, and achieved 88% of its 2025 circular economy goal for packaging.
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The Strategy Behind The Clorox Company's Reimagined Workforce

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The Clorox Company reported an 82% teammate engagement score, introduced new tools and technologies for collaboration, and achieved pay equity for nonproduction teammates. They also implemented a streamlined operating model to enhance their ability to respond to changing consumer behaviors and increase future cash flow.
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How the Clorox Company Fuels Brand Growth

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The Clorox Company achieved record cost savings, margin improvement, and reduced inventory in FY23. They invested in a new cat litter manufacturing facility and achieved zero-waste-to-landfill status in two additional facilities. The company is committed to climate action and has engaged suppliers to help advance their net zero commitment.
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Clorox Announces Feb. 1 Webcast of Second-Quarter Fiscal Year 2024 Results

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Clorox Company (CLX) to release second-quarter fiscal year 2024 results on Feb. 1, 2024
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Sharing Impact: The Clorox Company Foundation Annual Report

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The Clorox Company (CLX) Foundation's 2023 annual report showcases its extensive support for community wellness, racial and environmental justice, youth education, disaster relief efforts, and workplace giving program. The foundation's work extends to various organizations, including The Hidden Genius Program and The West Oakland Health Center, aiming to bring positive change and lasting social impact.
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Clorox Employees Tackle Food Insecurity in the US

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The Clorox Company (CLX) demonstrates commitment to combating food insecurity during Hispanic Heritage Month. HOLA employee resource group volunteers contributed over 190 hours of service, packing over 33,000 pounds of food, equivalent to 27,758 meals, across multiple Clorox locations in California, Florida, North Carolina, and Georgia. The Clorox Company Foundation donated $65,000 to local food organizations and an additional $95,000 to address hunger experienced by children in the summer months.
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How This Clorox Employee Helps Amplify Native American, Tribal and Indigenous Voices

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The Clorox Company (CLX) announces the Clorox Change Makers initiative, highlighting employees who champion inclusion and diversity. Motley Garcia, a production manager at the Hidden Valley Ranch plant in Reno, Nevada, is recognized for establishing the NATIV employee resource group to increase representation of Native Americans at Clorox.
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Clorox Board Names Linda Rendle Chair; Matthew Shattock to Become Lead Independent Director

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Clorox Company (NYSE: CLX) Elects CEO Linda Rendle as Chair of the Board of Directors, Effective Jan. 1, 2024
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Introducing Clorox’s IDEA Councils

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Clorox Company introduces IDEA Councils to drive inclusion, diversity, equity, and allyship. The three councils will focus on building thriving teams, fostering inclusion and allyship, and international IDEA. Each council will consist of cross-functional teammates to support Clorox's ambitions in these areas. The Build Thriving Teams Council aims to drive engagement, productivity, and innovation, while the Foster Inclusion and Allyship Council focuses on creating a culture of inclusion and defining allyship at Clorox. The International IDEA Council will help localize the core IDEA strategy and programs to reflect local, regional, and cultural nuances.
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FAQ

What is the current stock price of Clorox Company (CLX)?

The current stock price of Clorox Company (CLX) is $167.64 as of November 15, 2024.

What is the market cap of Clorox Company (CLX)?

The market cap of Clorox Company (CLX) is approximately 20.7B.

What products does Clorox Company offer?

Clorox offers a wide range of products including cleaning supplies, laundry care products, trash bags, cat litter, charcoal, food dressings, water filtration solutions, and natural personal care products.

Where is Clorox headquartered?

Clorox is headquartered in Oakland, California, United States.

What are some of Clorox’s well-known brands?

Some well-known brands from Clorox include Clorox® bleach, Pine-Sol®, Fresh Step®, Kingsford®, Hidden Valley®, Brita®, Glad®, and Burt's Bees®.

In how many countries does Clorox operate?

Clorox manufactures products in more than two dozen countries and markets them in over 100 countries.

What recent challenges has Clorox faced?

Clorox recently faced a cyberattack in August 2023, but has reported significant recovery and operational rebuilding efforts.

What is Clorox’s IGNITE strategy?

Clorox’s IGNITE strategy focuses on evolving its portfolio to concentrate on core businesses, driving consistent and profitable growth.

What sustainability achievements has Clorox made?

Clorox has achieved zero-waste-to-landfill status for its plants in Asia and the Middle East and was ranked No. 1 on Barron's 100 Most Sustainable Companies list.

How is Clorox investing in its future operations?

Clorox is investing in digital capabilities and productivity enhancements, aiming for significant cost savings and efficiency improvements over the next few years.

What is Clorox’s commitment to ESG?

Clorox is committed to Environmental, Social, and Governance (ESG) principles, integrating them into its business operations and earning high sustainability rankings.

What are Clorox’s plans for cost savings?

Clorox plans to achieve annual cost savings of $75 million to $100 million through its streamlined operating model and digital investments.

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Clorox Company

NYSE:CLX

CLX Rankings

#536 Ranked by Market Cap
#1077 Ranked by Dividends

CLX Stock Data

20.73B
123.78M
0.18%
83.2%
2.62%
Household & Personal Products
Specialty Cleaning, Polishing and Sanitation Preparations
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United States of America
OAKLAND