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) announced that Linda Rendle will be promoted to CEO effective September 14, 2020, succeeding Benno Dorer, who served as CEO since November 2014. Rendle's extensive experience includes roles in cleaning, strategy, and operations, making her a suitable successor. Dorer will continue as executive chair. Under his leadership, Clorox achieved $6.7 billion in revenue for FY 2020, with significant advancements in innovation and shareholder returns. The company remains focused on growth, innovation, and supporting public health amid ongoing global challenges.
Clorox Company (NYSE: CLX) reported strong financial results for Q4 and fiscal year 2020, with a 22% sales increase and a 28% rise in diluted EPS to $2.41. Total sales for the fiscal year grew by 8%, with diluted EPS increasing by 16% to $7.36. The company experienced double-digit growth across all segments, driven by heightened demand for cleaning products amid the COVID-19 pandemic. Clorox also forecasted flat to low single-digit sales growth for fiscal year 2021, citing uncertainty due to ongoing pandemic impacts.
Clorox has announced a $1,000,000 donation to the ClearTheList Foundation to support teachers and students during the COVID-19 pandemic. A recent survey highlights that 88% of teachers are concerned about students lacking necessary supplies for remote learning, with 90% planning to buy supplies themselves. The initiative aims to alleviate the financial burden on educators, especially those in underserved schools. Clorox also offers grants of up to $500 for teachers to fulfill their supply wish lists. The company emphasizes its commitment to enhancing educational resources during this challenging back-to-school season.