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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.

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Clorox Company (CLX) Declares Quarterly Dividend of $1.20 per Share
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CloroxPro: 2023 Clean Index Report Reveals Staff Burnout, Declining Confidence, and Eco-Conscious Cleaner Adoption Gap
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The Clorox Company reported a 20% decrease in net sales to $1.4 billion for the first quarter of fiscal year 2024, compared to a 4% decrease in the year-ago quarter. The decrease was largely due to lower volume resulting from a cyberattack. Gross margin increased 240 basis points to 38.4%, and diluted net earnings per share decreased 75% to 17 cents. Year-to-date net cash provided by operations decreased by 89% to $20 million. The company's CEO, Linda Rendle, stated that the cyberattack has caused disruptions but they are focused on rebuilding customer inventories and market share.
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The Clorox Company will release its first-quarter fiscal year 2024 results on Nov. 1, 2023. The announcement will include a press release, prepared management remarks, and a live Q&A webcast for analysts with CEO Linda Rendle and CFO Kevin Jacobsen.
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Clorox wins EPA's 2023 Green Chemistry Award for its eco-friendly products
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ANSI National Accreditation Board (ANAB) has accredited the CloroxPro HealthyClean Certificate Program - Trained Manager Course, providing strategies and resources for cleaning managers and supervisors. This is the second industry-wide certificate program to earn ANAB accreditation. The course offers best practices for streamlining operations, managing inventory and staffing, and selecting products and tools. ANAB accreditation ensures program quality and training standards.
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CloroxPro launches the CloroxPro HealthyClean® Trained Manager Certificate Course, an on-demand training program for cleaning managers and supervisors. The course focuses on team development strategies, operational planning, inventory management, and more.
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Clorox CEO Linda Rendle documenting a milestone year in our 2023 annual report
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The Clorox Company releases its fiscal year 2023 integrated annual report, highlighting record-high revenue and progress in sustainability goals.
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The Clorox Company Foundation and East Oakland Youth Development Center making a difference in their communities for 45 years.
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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.

Clorox Company

NYSE:CLX

CLX Rankings

CLX Stock Data

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