Welcome to our dedicated page for Clorox Co Del news (Ticker: CLX), a resource for investors and traders seeking the latest updates and insights on Clorox Co Del stock.
The Clorox Company reports news on a broad consumer-products portfolio spanning cleaning supplies, laundry care, trash bags, cat litter, charcoal, food dressings, water filtration and personal care. Company updates commonly cover quarterly results, outlook revisions, margin drivers, cost savings, manufacturing and logistics costs, and portfolio investment across brands such as Clorox, Glad, Pine-Sol, Fresh Step, Kingsford, Hidden Valley, Brita and Burt's Bees.
Clorox news also includes product launches and brand extensions, including Hidden Valley Ranch foods and seasonings, Burt's Bees personal-care products, Kingsford grilling products and household cleaning innovations. Corporate updates cover dividends, board and governance matters, and completed portfolio actions such as the GOJO Industries acquisition, which added Purell and health and hygiene solutions.
The Clorox Company (NYSE: CLX) has joined the Responsible Flushing Alliance alongside GOJO Industries to enhance consumer awareness regarding proper disposal habits through the #FlushSmart campaign. This initiative coincides with California's inaugural Flush Smart Day on July 1, promoting the 'Do Not Flush' symbol on packaging of single-use cleaning products. Clorox aims to promote health and safety by encouraging responsible disposal practices, while GOJO emphasizes improving hygiene solutions. The RFA continues to grow, inviting more industry stakeholders to contribute.
The Clorox Company (NYSE: CLX) announced the appointment of Julia Denman and Stephanie Plaines to its board of directors on May 18, 2022. Denman brings nearly 30 years of financial leadership experience from Microsoft and Procter & Gamble, while Plaines has over 30 years in finance, having worked with PepsiCo and Walmart. Their appointments expand the board from 11 to 13 members, enhancing its diversity with 46% female and 30% people of color representation. Both will serve on the audit committee.
The Clorox Company (NYSE: CLX) will present at three investor conferences in June 2022. CEO Linda Rendle and CFO Kevin Jacobsen will speak at the RBC Capital Markets Global Consumer & Retail Conference in Boston on June 1, the Bernstein 38th Annual Strategic Decisions Conference in New York on June 2, and the dbAccess Global Consumer Conference in Paris on June 15. The events will include live webcasts available on the company's website, where replays will also be posted. Clorox reported $7.3 billion in fiscal year 2021 sales and employs approximately 9,000 people.
Brita is expanding its partnership with U.S. municipalities to address lead contamination in drinking water, following stringent EPA regulations. With the ongoing Biden Administration's infrastructure initiative, which aims to replace outdated water systems over 15 years, Brita aims to offer immediate relief through lead-reducing Elite pitchers. The initiative targets eliminating reliance on 20 billion single-use plastic bottles per year by 2030, while assisting vulnerable communities. This partnership includes providing affordable filtration solutions and educational resources to ensure safe drinking water access.
The Clorox Company (NYSE: CLX) reported a net sales increase of 2% to $1.8 billion in Q3 FY2022, due to higher shipments across segments. However, gross margin decreased by 760 basis points to 35.9%, impacted by rising manufacturing and commodity costs. Diluted EPS rose to $1.21, a 347% increase from a loss in the prior year, while adjusted EPS fell 19% to $1.31. The fiscal outlook indicates a net sales decrease of 1% to 4%, with diluted EPS projected between $3.60 and $3.85, reflecting a decline of 31% to 35%. Clorox continues to innovate and pursue strategic investments amidst inflationary pressures.
The Clorox Company (NYSE: CLX) has signed a 12-year, 47-megawatt virtual power purchase agreement with Enel Green Power North America to boost its renewable electricity supply starting in 2023. This agreement aims to fulfill Clorox's commitment to 100% renewable energy for its U.S. and Canada operations, covering about half of its electricity needs. The initiative, along with earlier efforts, is expected to reduce CO2 emissions by nearly 160,000 metric tons annually. The move aligns with the company's broader ESG goals, including a target for net zero emissions by 2050.
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The Clorox Company (NYSE: CLX) launched the Healthy Parks Project on Earth Day, committing $200,000 to the Oakland Parks and Recreation Foundation. This initiative focuses on enhancing environmental justice by improving access to parks in underserved communities, starting in West Oakland. Over the first year, Clorox aims to contribute over $300,000 to parks organizations where they have a significant employee base. The company promotes community engagement through volunteer events and grants for environmental justice nonprofits, highlighting their commitment to diversity and inclusion.
The Clorox Company (NYSE: CLX) is set to release its third-quarter fiscal year 2022 results on May 2, 2022. A press release and prepared remarks will be posted at 1:15 p.m. PT and followed by a live Q&A webcast featuring CEO Linda Rendle and CFO Kevin Jacobsen at 2 p.m. PT. Clorox, known for brands like Pine-Sol and Glad, reported fiscal 2021 sales of $7.3 billion and employs approximately 9,000 individuals globally. The company is recognized for its commitment to corporate responsibility and sustainability.
Kingsford has launched a new line of Signature Flavors that combines charcoal briquets or pellets with 100% real spices, enhancing grilling experiences. Available in three flavors—Garlic Onion Paprika, Basil Sage Thyme, and Cumin Chili—these products are designed for easy customization. They cater to both novice and experienced grillers, with charcoal briquets releasing flavors as they cook and hardwood pellets for optimal grill performance. The products are available nationwide in sizes ranging from 2 to 17 pounds.