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.
November 2, 2006 |
Clorox Co., the maker of Brita water filters and Glad trash bags, said its fiscal first-quarter profit increased 2.8% after the Oakland-based company raised prices in response to higher commodity costs. Net income climbed to $112 million, or 73 cents a share, from $109 million, or 71 cents, a year earlier. Revenue rose 5.2% to $1.16 billion. Clorox has increased prices on a variety of items including trash bags and charcoal to compensate for higher oil and resin costs.
August 3, 2006 |
Clorox Co., maker of bleach and other household products, posted a lower fiscal fourth-quarter profit, hurt by a charge related to stock options dating as far back as 1996. Net income at the Oakland company fell to $142 million, or 92 cents a share, in the quarter ended June 30 compared with $156 million, or $1, a year earlier. Sales rose 5% to $1.32 billion, slightly exceeding forecasts. Clorox recorded a charge of $16 million, or 11 cents a share, after a review of stock option practices.