The Clorox Company (NYSE:CLX) Barclays Global Consumer Staples Conference Call September 6, 2023 3:45 PM ET Company Participants Linda Rendle - Chief Executive Officer Kevin Jacobsen - Executive Vice President and Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Bank PLC Question-and-Answer Session Q - Lauren Lieberman Really excited to have Clorox with us again this year. We have the company's CEO, Linda Rendle; and CFO, Kevin Jacobsen, with us. [Technical Difficulty] Again, ...

As of July 25, 2023, there were 123,825,993 shares of the registrant's common stock outstanding. Portions of the registrant's definitive proxy statement for the 2023 Annual Meeting of Stockholders (the "Proxy Statement"), to be filed within 120 days after June 30, 2023, are incorporated by reference into Part III, Items 10 through 14 of this Annual Report on Form 10-K. | --- | --- | --- | --- | |------------|-------------|-------------------------------------------------------------------------------------- ...

The Clorox Company (NYSE:CLX) Q4 2023 Earnings Call Transcript August 2, 2023 5:00 PM ET Company Participants Lisah Burhan - VP of IR Linda Rendle - CEO Kevin Jacobsen - CFO Conference Call Participants Peter Grom - UBS Anna Lizzul - Bank of America Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Andrea Teixeira - JP Morgan Chris Carey - Wells Fargo Javier Escalante - Evercore ISI Olivia Tong - Raymond James Lauren Lieberman - Barclays Steven Powers - Deutsche Bank Jason English - Goldman Sachs Opera ...

Clorox Company Conference Call Summary Company Overview - **Company**: The Clorox Company (NYSE: CLX) - **Date**: June 6, 2023 - **Participants**: - Linda Rendle - Chief Executive Officer - Kevin Jacobsen - Chief Financial Officer - Steve Powers - Deutsche Bank Analyst Key Industry Insights - **Industry**: Consumer Packaged Goods - **Market Position**: Clorox has a leading portfolio of trusted brands including Clorox, Glad, Fresh Step, Hidden Valley, and Burt's Bees [1][2] Core Points and Arguments 1. **Current Trends and Financial Guidance**: - Clorox has experienced strong recent results and has raised guidance intra-year, indicating positive operational progress [3][4] - The company aims to rebuild profitability affected by significant inflation, targeting a return to pre-pandemic margin levels while maintaining top-line growth [4][9] 2. **IGNITE Strategy**: - The IGNITE strategy focuses on accelerating growth, removing waste, driving cost savings, and enhancing innovation [5][6] - Clorox has seen a significant improvement in brand strength, with approximately 70% of its portfolio rated superior by consumers, up from mid-50s pre-pandemic [7] 3. **Digital Transformation**: - A $500 million investment in digital transformation is underway, aimed at enhancing operational efficiency and consumer engagement [8][34] - The transformation is expected to fundamentally change how Clorox operates, improving data management and decision-making processes [34][35] 4. **Financial Performance and Goals**: - Clorox targets 3% to 4% organic sales growth for the current fiscal year, with expectations to rebuild gross margins by 250 to 300 basis points [9][10] - The company aims for adjusted earnings per share growth of 6% to 10% and plans to improve free cash flow to high single digits or low double digits [10][54] 5. **Pricing Strategy**: - Clorox has implemented four rounds of pricing increases and is focused on maintaining these prices while monitoring consumer behavior [16][17] - The company has historically only rolled back one price increase in 20 years, indicating strong pricing power [17][18] 6. **Supply Chain Improvements**: - Significant progress has been made in supply chain reliability, with improved fill rates and reduced inventory levels [45] - Clorox is optimizing supplier relationships to further reduce costs [45] 7. **International Growth**: - Clorox aims to accelerate international performance, leveraging innovations like wipes and expanding its cat litter and Burt's Bees product lines [43] 8. **Cash Flow and Capital Allocation**: - The company is focused on returning to a free cash flow target of 11% to 13% of sales, with plans to support dividends and manage debt levels effectively [54][56] - M&A opportunities will be considered after stabilizing cash flow and profitability [56][57] Additional Important Insights - **Consumer Behavior**: Clorox is monitoring potential recession impacts on consumer spending and is prepared to adjust strategies accordingly [14] - **Innovation Focus**: The company is committed to driving innovation and advertising efficiency to attract and retain consumers [47][48] - **Long-term Vision**: Clorox aims to maintain a competitive edge through continuous investment in technology and operational improvements [50][51] This summary encapsulates the key points discussed during the Clorox Company conference call, highlighting the company's strategic direction, financial goals, and market positioning.

The Clorox Company (NYSE:CLX) Q3 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Company Participants Lisah Burhan - VP, IR Linda Rendle - CEO Kevin Jacobsen - CFO Conference Call Participants Andrea Teixeira - JPMorgan Peter Grom - UBS Anna Lizzul - Bank of America Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Lauren Lieberman - Barclays Olivia Tong - Raymond James Christopher Carey - Wells Fargo Javier Escalante - Evercore ISI Stephen Powers - Deutsche Bank Jason English - Goldman Sachs Kevi ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------|-------------------------------------------------------|----------------------------|-------|-----------------|-----------|------------------------|-------|-----------------|-----------|----------------------| | | Balance Sheet Classification | Fair Value Hierarchy Level | | Carrying Amount | 3/31/2023 | \nEstimated Fair Value | | Carrying Amount | 6/30/2022 | Estimated ...

Clorox Company CAGNY 2023 Conference Call Summary Company Overview - **Company**: The Clorox Company (NYSE: CLX) - **Participants**: - Linda Rendle - CEO - Kevin Jacobsen - CFO - **Conference Date**: February 23, 2023 Key Industry Insights - Clorox is navigating a challenging macroeconomic environment while focusing on rebuilding margins and maintaining top-line growth despite inflationary pressures [2][5][50]. - The company emphasizes its commitment to innovation and consumer intimacy as key drivers for long-term growth [2][4]. Core Strategies and Performance - **IGNITE Strategy**: Launched in 2019, focuses on leveraging innovation across four integrated choices: fuel growth, innovate experiences, reimagine work, and evolve the portfolio [10][11][22]. - **Brand Strength**: Over 80% of Clorox's portfolio consists of 1 or 2 share brands in their categories, with a consumer superiority rating of 76%, the highest recorded [8][12]. - **Financial Goals**: Aiming for top-line growth of 3% to 5% and annual EBIT margin expansion of 25 to 50 basis points [56]. Financial Performance - Clorox has returned approximately $4.7 billion to shareholders over the last five years through share buybacks and dividends [51]. - The company has seen a 3-year CAGR of 17% in its e-commerce business, indicating strong growth potential in online sales [44]. - Recent quarters have shown gross margin expansion after a period of decline, with a projection for continued improvement [60]. Innovation and Product Development - Clorox is focusing on "big, sticky innovations" that provide long-term value and consumer engagement [16][25]. - Recent product launches include: - **Clorox Disinfecting Mist**: A non-aerosol disinfecting spray that emphasizes sustainability through a refill model [28]. - **Outstretch Cat Litter**: Initially struggled but has seen a turnaround with improved communication and marketing strategies, achieving nearly $50 million in sales [34]. - **Glad with Clorox**: A successful product that generated $120 million in its first year, addressing consumer needs for odor control [39]. Supply Chain and Operational Improvements - Clorox has made significant investments in its supply chain to enhance resilience and efficiency, particularly in response to pandemic-related disruptions [59]. - The company is implementing a $500 million digital transformation to improve operational capabilities and data analytics [53][20]. ESG Commitment - Clorox has integrated ESG considerations into its business strategy, aiming to maximize impact through holistic management [7][18]. Conclusion - Clorox is positioned to leverage its strong brand portfolio and innovative capabilities to drive profitable growth while navigating current economic challenges. The focus remains on balancing short-term results with long-term strategic investments [18][61].

The Clorox Company (NYSE:CLX) Q2 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Lisah Burhan - Vice President, Investor Relations Linda Rendle - Chief Executive Officer Kevin Jacobsen - Chief Financial Officer Conference Call Participants Peter Grom - UBS Dara Mohsenian - Morgan Stanley Andrea Teixeira - JPMorgan Kaumil Gajrawala - Credit Suisse Christopher Carey - Wells Fargo Jason English - Goldman Sachs Kevin Grundy - Jefferies Lauren Lieberman - Barclays Olivia Ton ...

For the quarterly period ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 1221 Broadway, Oakland, California, 94612-1888 (Address of principal executive offices) (Zip code) (510) 271-7000 (Registrant's telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) ___________________ Securities registered pursuant to Section 12(b) of the Act: If an emerging growth company, indicat ...

The Clorox Company (NYSE:CLX) Q1 2023 Earnings Conference Call November 1, 2022 5:00 PM ET Company Participants Lisah Burhan - Vice President, Investor Relations Linda Rendle - Chief Executive Officer Kevin Jacobsen - Chief Financial Officer Conference Call Participants Peter Grom - UBS Andrea Teixeira - JPMorgan Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Javier Escalante - Evercore Anna Lizzul - Bank of America Jason English - Goldman Sachs Kaumil Gajrawala - Credit Suisse Lauren Lieberman - ...