Clorox Co Del Stock Price, News & Analysis

MGM Resorts International has partnered with The Clorox Company as the exclusive provider of disinfectant and hand sanitizing products across over 20 of its properties in Las Vegas and the U.S. Clorox will supply disinfectant wipes and hand sanitizer to enhance guest safety in alignment with MGM's Seven-Point Safety Plan, initiated to prioritize health amid the ongoing pandemic. This collaboration highlights MGM's commitment to providing a safe environment for guests and employees, leveraging Clorox's expertise in cleaning products.

Burt's Bees unveiled its 2025 vision aiming for Net Zero Plastic to Nature, promoting a circular economy while enhancing the livelihoods of over 50,000 people in its supply chain. Key goals include reducing virgin packaging by 33% by 2025, launching waste-free products with Loop, and investing in U.S. municipal recycling systems. Since January 2021, the company has transitioned to 100% Renewable Electricity and maintains CarbonNeutral® certification. The brand has already impacted over 20,000 livelihoods through responsible sourcing initiatives.

The Clorox Company (NYSE: CLX) has declared a quarterly dividend of $1.11 per share, payable on May 7, 2021, to shareholders of record as of April 21, 2021. This marks the 52nd consecutive year of dividend payments since the company regained independence. In fiscal year 2020, Clorox reported sales of $6.7 billion and employs about 8,800 people worldwide. Clorox maintains a strong market presence, with over 80% of sales coming from brands that are leaders in their categories.

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.