Wed, Feb. 11, 6:35 AM
Wed, Feb. 4, 8:54 AM
- Clorox (NYSE:CLX) reports sales grew in FQ2 by 6% if the impact of currency swings is backed out.
- Volume was up 4% for the period.
- Gross margin rate +10 bps to 42.5%.
- Segment revenue growth: Cleaning: $447M (+3%), Household: $371M (+5%), Lifestyle: $246M (+4%), International: $281M (-2% & 11% growth on currency-neutral basis).
- FY2015 Guidance: Sales: ~1% growth; EBIT margin: ~flat; Diluted EPS: $4.40 to $4.55; Tax rate: ~34%.
- CLX +4.0% premarket.
Wed, Feb. 4, 8:32 AM
Tue, Feb. 3, 5:30 PM
Tue, Jan. 6, 6:55 AM
Nov. 19, 2014, 3:47 AM
Nov. 11, 2014, 3:08 PM
- Sales of disinfectant wipes rose 20% last month amid the Ebola panic, says incoming Clorox (CLX -0.7%) CEO Benno Dorer.
- The company has also recently introduced new wipe products for bathrooms and heavy-duty jobs due to increased demand which began even before cases of Ebola were reported in the U.S.
- Reckitt Benckiser's (OTCPK:RBGLY) Lysol brand may have seen a recent sales boost as well.
Nov. 8, 2014, 9:25 AM
- Energy companies finally are starting to halt a few new U.S. drilling projects as oil prices fall, which Barclays believes may put the U.S. oil boom at risk but "on balance, we believe lower oil prices are good.”
- If strong U.S. energy growth is interrupted, spending in the sector could be cut by $40B, but consumers could save $70B next year as the price at the pump falls for gasoline and diesel, according to Barclays head of U.S. equity strategy Jonathan Glionna.
- The most likely beneficiaries would be discretionary areas such as restaurants, entertainment, apparel, electronics and furniture, he says.
- Glionna lists 27 stocks that could benefit from lower oil prices: AAL, AGCO, AXL, BERY, BLMN, BWLD, CHH, CLX, DE, DPZ, FDX, GM, HD, KMB, KR, KSS, MHK, MMM, PENN, PPG, SAVE, SHW, TGT, UPS, VAL, WMS, WMT.
Oct. 31, 2014, 9:04 AM| Comment!
Oct. 31, 2014, 8:37 AM
Oct. 30, 2014, 5:30 PM
Sep. 28, 2014, 6:03 AM
- After announcing its exit from Venezuela this past Monday, Clorox (NYSE:CLX) says it now fears serious safety concerns at the facilities it left behind.
- The Venezuelan government has announced that it will be taking over the Clorox-owned plants, which manufacture bleach, cleaning liquids and other disinfectants.
- "The Venezuelan government's actions raise grave concerns, and Clorox and its affiliates cannot be responsible for the safety of workers and the surrounding communities or any liability or damages resulting from this occupation," says the company.
- Clorox also states that the seizure of Venezuela assets will not affect the company's sales and earnings outlook for fiscal year 2015.
Sep. 22, 2014, 9:51 AM| Comment!
Sep. 22, 2014, 9:08 AM
Sep. 22, 2014, 8:10 AM
- Shares of Clorox (NYSE:CLX) are higher in early trading after the New York Post reports the company was the target of takeover interest during the last three to six months.
- A number of analysts think an acquisition premium will linger over the stock due to the stable of strong brands Clorox possesses.
- CLX +2.7% premarket to $93.01.
Sep. 21, 2014, 4:17 AM
- Just months before its recent C-suite shuffle, Clorox (NYSE:CLX) reportedly rebuffed a takeover offer from a rival.
- The spurned suitor valued Clorox at a 20% premium to its trading price.
- Logical suitors include Church & Dwight (NYSE:CHD), Procter & Gamble (NYSE:PG), Jarden (NYSE:JAH) and Unilever (UL, UN)
- In 2011 activist investor Carl Icahn offered $78/share for the company. Many believe the move was designed to tease out a strategic buyer. Shares closed Friday at $90.57.
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