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 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.
May 4, 2006 |
Clorox Co., the maker of household bleach and Glad trash bags, said Chief Executive Gerald Johnston was retiring after having a heart attack March 1. The company also said fiscal third-quarter profit fell on higher raw-material costs. Net income declined to $101 million, or 72 cents a share, from $118 million, or 76 cents, a year earlier. Sales rose 7% to $1.16 billion, the Oakland-based company said.
October 5, 2005 |
Clorox Co. said soaring energy costs after Hurricane Katrina would hurt profit this fiscal year and force the company to raise prices on almost half its products in January. Profit from continuing operations will rise to $2.91 to $3.06 a share in the fiscal year ending in June, Oakland-based Clorox said. The company in August forecast $3 to $3.11 a share.
August 5, 2005
* New Century Financial Corp., an Irvine-based real estate investment trust, said second-quarter net income fell 7% to $94.8 million, or $1.65 a share, from $102.4 million, or $2.46, a year earlier. New Century cut its 2005 earnings outlook in the face of rising rates and more competition in the mortgage lending business, and its shares fell $4.81, or 9%, to $48.14. * Los Angeles office real estate investment trust Arden Realty Inc. reported second-quarter funds from operations of $42.