Breaking News

Clorox’s Net Grows 84%

November 11, 2005

Clorox Co. posted an 84% jump in its fis- ical first quarter net income, led by strong sales and volume growth in North America. The household products maker also announced plans to sell its business in Brazil.

For the period ended Sept. 30, Clorox said its net income grew to $145 million, from $79 million in the year-earlier period.

Clorox’s earnings exceeded its revised forecast, with a raise in earnings guidance to a range of $0.52-0.55 cents a share in September. Company executives cited continued cost cuts and increased confidence in its product offerings as the cause.

In the last quarter, the company posted an estimated loss of $13 millin for the sale of its Brazilian business, which was classified as discontinued operations. Last year’s results included charges totaling $0.12 a share.

Excluding items in both quarters, Clorox’s earnings grew 42% to $158 million, or $0.71 a share, from $111 million, or $0.46 a share, a year earlier. Sales climbed 64.4% to $1.05 billion from $984 million a year earlier. Ex-cluding divestitures, sales grew 8%.
  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.