Clorox Co Del Stock Price, News & Analysis

The Clorox Company (NYSE:CLX) reported a robust 27% sales growth and a 39% increase in diluted EPS to $2.03 for Q2 FY2021, driven by strong demand for cleaning products during the pandemic. The company achieved a 45.4% gross margin, up from 44.1% a year earlier, marking its ninth consecutive quarter of improvement. Year-to-date net cash from operations rose to $629 million, a 26% increase. Clorox updated its full-year sales growth forecast to 10%-13% and expects diluted EPS between $8.05 and $8.25.

The Clorox Company (NYSE:CLX) announced the resignation of Benno Dorer as executive chair of the board, effective February 15, 2021. Matthew J. Shattock, a board member since 2018, will assume the independent chair role. Dorer has been pivotal in steering Clorox through profitable growth and innovations during his tenure as CEO and chair. Esther Lee has been appointed chair of the Nominating, Governance and Corporate Responsibility Committee. Pamela Thomas-Graham will step down from the board after 16 years of service, expressing confidence in Clorox's future.

The Clorox Company (NYSE: CLX) has achieved its goal of 100% renewable electricity for its U.S. and Canadian operations, four years ahead of schedule. This initiative is part of Clorox's ESG commitments, demonstrating its dedication to climate stewardship. The company will continue this commitment through a 12-year virtual power purchase agreement, ensuring a purchase of 70 MW of renewable energy annually. This transition is projected to reduce CO2 emissions by approximately 180,000 metric tons each year, equivalent to the annual impact of 235,000 acres of U.S. forest.

The Clorox Company (NYSE: CLX) announced that CEO Linda Rendle and CFO Kevin Jacobsen will speak at the virtual Consumer Analyst Group of New York conference on February 18, 2021, at 4:30 p.m. ET. The event will feature a pre-recorded webcast presentation and a replay will be available afterward. Clorox is a leading multinational manufacturer with fiscal year 2020 sales of $6.7 billion, and over 80% of its sales come from brands that are market leaders in their categories. The company is committed to corporate responsibility and sustainability.

The makers of Hidden Valley Ranch, a brand under Clorox, have launched Hidden Valley Plant Powered Ranch, a dairy-free alternative for ranch lovers. Priced at $3.49 for a 12oz bottle, it caters to those seeking to reduce dairy intake without sacrificing flavor. The product is set to become available nationwide in April 2021. According to Associate Director Nadine Katkhouda, this new offering is aimed at vegans, flexitarians, and those looking to incorporate more dairy-free options. Clorox, the parent company, reported $6.7 billion in sales for fiscal year 2020.

The Clorox Company (NYSE: CLX) announced a live audio webcast scheduled for February 4, 2021, at 10:30 a.m. PT to discuss its second quarter fiscal year 2021 results. Clorox, a leading multinational manufacturer, reported fiscal year 2020 sales of $6.7 billion and employs approximately 8,800 people globally. The company markets renowned brands including Clorox bleach, Pine-Sol, and Glad, generating over 80% of its sales from top market share brands. A replay will be available on their website following the live event.