CLOROX COMPANY Reports Fourth Quarter FY2023 Earnings Results on June 30, 2023
August 7, 2023
🌥️Earnings Overview
CLOROX COMPANY ($NYSE:CLX) announced their earnings results for the fourth quarter of FY2023 on June 30 2023. The total revenue for the quarter was USD 2019.0 million, a 12.1% rise compared to the same period of the previous year. Net income surged 74.3%, reaching USD 176.0 million.
Stock Price
The stock opened at $151.4 and closed at $152.5, a 0.5% increase from its prior closing price of 151.7. This is the first time the CLOROX COMPANY has reported earnings since the start of the fiscal year on April 1, 2023. The CLOROX COMPANY also reported that its sales were up by 4% year-on-year, due to strong demand for its products during the pandemic.
The company also noted that it had completed several strategic acquisitions over the past year, which are expected to drive future growth in the company’s business. Overall, the financial results reported by the CLOROX COMPANY indicate that it is well positioned to continue to report strong financial performance in fiscal year 2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Clorox Company. More…
| Total Revenues | Net Income | Net Margin |
| 7.39k | 149 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Clorox Company. More…
| Operations | Investing | Financing |
| 1.06k | -229 | -689 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Clorox Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.95k | 5.56k | 1.78 |
Key Ratios Snapshot
Some of the financial key ratios for Clorox Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | -12.2% | 4.4% |
| FCF Margin | ROE | ROA |
| 11.4% | 183.9% | 3.4% |
Analysis
GoodWhale conducted a fundamental analysis of CLOROX COMPANY and determined that it is classified as a ‘sloth’, a type of company that has achieved revenue or earnings growth slower than the overall economy. This may not be attractive to all types of investors, however, CLOROX COMPANY is strong in profitability, medium in dividend and weak in asset growth; which could still be enticing to value and income investors. Moreover, CLOROX COMPANY has a high health score of 8/10 considering its cashflows and debt, suggesting that it is capable of paying off debt and funding future operations. Therefore, investors with a long-term outlook may be willing to invest in CLOROX COMPANY, taking into account the company’s solid fundamentals and potential for future growth. More…
Peers
In recent years, the competition between Clorox Co and its main competitors, Colgate-Palmolive Co, Procter & Gamble Co, and Unilever PLC, has intensified. While Clorox has long been the leader in the household cleaning products market, its competitors have been quickly catching up, thanks to their own innovative products and marketing campaigns. As a result, Clorox has had to work harder than ever to maintain its market share.
– Colgate-Palmolive Co ($NYSE:CL)
Colgate-Palmolive Co is a consumer products company that manufactures and markets oral, personal and home care, and pet nutrition products. It has a market cap of 60.82B as of 2022 and a Return on Equity of 772.75%. The company has a strong focus on oral care products and has a leading market share in toothpaste, toothbrushes and mouthwash. It also has a strong presence in emerging markets, which is driving growth.
– Procter & Gamble Co ($NYSE:PG)
Procter & Gamble Co is a consumer goods company with a market cap of 306.23B as of 2022. The company has a return on equity of 25.03%. Procter & Gamble Co is engaged in the manufacture and sale of a variety of consumer products, including laundry detergents, soaps, cosmetics, and food and beverage products. The company operates in more than 180 countries and has over 120,000 employees.
– Unilever PLC ($LSE:ULVR)
Unilever PLC is a British-Dutch multinational consumer goods company headquartered in London, England. It is one of the world’s largest consumer goods companies with a market cap of 97.96B as of 2022. The company has a Return on Equity of 30.85%. Unilever produces and sells food, beverages, cleaning agents, and personal care products. The company has operations in over 190 countries and its products are sold in over 150 countries.
Summary
CLOROX COMPANY‘s fourth quarter of FY2023 was a strong one, with total revenue increasing 12.1% year-on-year to USD 2019.0 million, and net income increasing 74.3% to USD 176.0 million. This indicates that the company is performing strongly and is likely to continue delivering positive returns to investors. Investors should carefully monitor the company’s fundamentals as well as broader market conditions to determine whether CLOROX COMPANY is a wise investment for them.
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