Key Developments: The Clorox Co (CLX.N)
84.83USD
1 Aug 2013
$-1.11 (-1.29%)
$85.94
$86.70
$86.91
$84.38
471,064
235,997
$90.09
$69.71
Latest Key Developments (Source: Significant Developments)
The Clorox Co Reaffirms FY 2014 Guidance
The Clorox Co announced that for fiscal 2014, it continues to anticipate sales growth in the range of 2% to 4%, with the first half of the fiscal year at the lower end or potentially below that range and continues to anticipate fiscal 2014 diluted EPS from continuing operations in the range of $4.55 to $4.70. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $5.827 billion and EPS of $4.62 for fiscal 2014. Full Article
The Clorox Co Increases Quarterly Dividend
The Clorox Co announced that the Board of Directors increased the quarterly cash dividend on the Company's common stock by nearly 11%, from 64 cents to 71 cents per share. The dividend will be payable on Aug. 9, 2013, to stockholders of record as of July 24, 2013. Full Article
The Clorox Co Lowers High End Of Prior FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance; Comments On FY 2014 Revenue Guidance; Issues FY 2014 EPS Guidance In Line With Analysts' Estimates
The Clorox Co announced that for fiscal 2013, it expects year-over-year sales growth in the range of 3% to 4% (previously 3%-5%) , but likely toward the lower end of the range and continues to anticipate diluted EPS from continuing operations in the range of $4.25 to $4.35. The Company reported revenue of $5.468 billion in fiscal 2012. For fiscal 2014, it expects 2%-4% sales growth and diluted EPS in the range of $4.55-$4.70. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $5.692 billion and EPS of $4.34 for fiscal 2013; revenue of $5.868 billion and EPS of $4.70 for fiscal 2014. Full Article
The Clorox Co Declares Regular Quarterly Dividend Of $0.64 Per Share
The Clorox Co announced that its board of directors declared a quarterly dividend of $0.64 per share on the company's common stock, payable May 10, 2013, to stockholders of record as of April 24, 2013. Full Article
The Clorox Co Raises FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
The Clorox Co announced that it anticipates sales growth for fiscal 2013 in the range of 3% to 5%, versus the Company's previous outlook of 2% to 4%. This reflects strong results in the first half of the fiscal year, continued category growth, product innovation across many of the company's brands and the benefit of previously implemented prices increases. Uncertainty in some international markets, particularly in Venezuela and Argentina, as well as a more challenging comparison to strong sales growth of nearly 6% in the second half of fiscal 2012, continue to be factors in the Company's fiscal 2013 outlook. Clorox now anticipates fiscal 2013 diluted EPS in the range of $4.25 to $4.35 versus the Company's previous outlook of $4.20 to $4.35. The Company reported revenue of $5.468 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $5.633 billion and EPS of $4.31 for fiscal 2013. Full Article
The Clorox Co Declares Regular Quarterly Dividend Of $0.64 per Share
The Clorox Co announced that its Board of Directors declared a quarterly dividend of $0.64 per share on the Company's common stock, payable February 15, 2013, to stockholders of record as of January 23, 2013. Full Article
The Clorox Co Reaffirms FY 2013 Guidance
The Clorox Co reaffirmed its fiscal 2013 guidance and expects sales growth for in the range of 2% to 4% and diluted EPS in the range of $4.20 to $4.35. The Company reported revenue of $5.47 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.66 billion and EPS of $4.29 for fiscal 2013. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against The Clorox Company For Potential Breaches Of Fiduciary Duties By Board Of Directors In Manner It Seeks Executive Compensation Approval
Faruqi & Faruqi, LLP, announced that it is investigating the Board of Directors of The Clorox Company (Clorox or the Company) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval of executive compensation and an amendment to the Company’s Stock Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on September 28, 2012, the Board of Directors recommends that Clorox’s shareholders vote to approve an amendment to the Company’s 2005 Stock Incentive Plan (the 2005 Plan) to increase the number of shares that may be issued under the 2005 Plan by an additional 2,900,000 shares. The issuance of the additional shares could have a severe dilutive effect on the shares of Clorox common stock. Full Article
The Clorox Co Declares Regular Quarterly Dividend of 64 Cents per Share
The Clorox Co announced that its Board of Directors declared a quarterly dividend of 64 cents per share on the Company's common stock, payable November 16, 2012, to stockholders of record as of October 24, 2012. Full Article
The Clorox Co. Reaffirms FY 2013 Guidance
The Clorox Co. announced that for fiscal 2013, it expects sales growth in the range of 2%-4% and diluted EPS in the range of $4.20-$4.35. The Company reported revenue of $5.47 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.67 billion and EPS of $4.28 for fiscal 2013. Full Article
UPDATE 3-P&G appears back on track with CEO Lafley's return
Aug 1 - Procter & Gamble Co forecast a slightly more upbeat 2014 than expected on Thursday as Chief Executive A.G. Lafley tries to get the world's largest household products maker back on track without sacrificing profitability.

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