November 1, 2008 |
Clorox Co. said Friday that its fiscal first-quarter profit rose 15% as consumers continued to buy its brand-name products even as it raised prices and financial uncertainty spread. The price increases helped offset higher commodity and energy costs, with executives saying about 50% of the jump in commodity costs had been recovered. The Oakland-based maker of Brita water filters, Glad bags and Kingsford charcoal also confirmed its 2009 profit outlook. Clorox's profit increased to $128 million, or 91 cents a share, in the quarter ended Sept.
August 2, 2008 |
Clorox Co. said it would raise prices on more than half of its portfolio -- including Glad trash bags, its namesake bleach and Brita water filters -- in the next year to offset higher commodity costs. The Oakland company said fiscal fourth-quarter earnings fell 3.7%, weighed down by restructuring costs. It also lowered its 2009 forecast, citing rising costs.
February 5, 2008 |
Clorox Co., maker of Glad trash bags and its namesake bleach, said fiscal second-quarter profit fell 4.2% on higher costs to make salad dressing and plastic bottles. Net income declined to $92 million, or 65 cents a share, the Oakland-based company said. Profit beat analysts' estimates. Clorox cut its full-year earnings forecast because of higher expenses and a decision to exit a private-label business. Shares of Clorox fell $2.36, or 3.7%, to $60.73. They have dropped 6.8% this year.
November 1, 2007 |
Clorox Co. on Wednesday reported a quarterly profit that fell less than analysts' estimates and agreed to buy Burt's Bees, the maker of natural lip balm and hand cream, for $925 million, its biggest acquisition in nine years. The bleach maker's shares rose the most in two months. Closely held Burt's Bees, based in Durham, N.C., uses beeswax, flowers and other natural ingredients in its soap, moisturizers and shampoo.
August 14, 2007 |
Plastic water bottles have been getting such a bad rap that people have started paying attention, which means that corporate America has started cashing in. The company that makes Brita water filters teamed up Monday with Nalgene, a manufacturer of reusable beverage containers, to launch the FilterForGood campaign, aimed at weaning people off throwaway bottles.
December 21, 2006 |
Clorox Co., the largest U.S. maker of household bleach, agreed to buy Colgate-Palmolive Co.'s bleach divisions in six countries for $126 million to expand in Latin America and Canada. The purchase of brands including Javex in Canada, Aqua Jane in Uruguay and Nevex in Venezuela will add units that had $77 million of sales this year, Oakland-based Clorox said. The purchase would cut Clorox's profit by as much as 4 cents a share in the six months through June.