CLOROX Reports Fourth Quarter Earnings for FY2023
August 8, 2023
🌥️Earnings Overview
CLOROX ($NYSE:CLX): The reported total revenue of USD 2019.0 million marked a 12.1% growth compared to the previous year. Additionally, a 74.3% year over year increase in net income was reported, amounting to USD 176.0 million.
Market Price
On Wednesday, the CLOROX COMPANY reported its fourth-quarter earnings for fiscal year 2023. The company’s stock opened at $151.4 and closed at $152.5, which was a 0.5% increase from its last closing price of $151.7. This represented a solid start to the quarter and was indicative of the company’s strong financial performance in recent weeks.
This was driven by cost savings and efficient operations resulting from CLOROX’s focus on efficiency and innovation. Overall, CLOROX’s fourth quarter earnings report was strong and demonstrated their financial strength and ability to weather current uncertainty in the economy. 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 has conducted a comprehensive review of the financial and business wellbeing of CLOROX COMPANY. Our Risk Rating for CLOROX COMPANY is Medium, indicating that there are some potential risks present. We have detected two risk warnings in their balance sheet and cash flow statement. In detail, these warnings relate to their ability to service their debt and generate returns (cash flow). Register with us to gain access to our detailed report and analysis. We believe that it is important for investors to conduct thorough research on potential investments before committing to them. With GoodWhale’s Risk Rating for CLOROX COMPANY, you can be sure that our rigorous due diligence has been conducted so that you can make an informed decision. 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
Investors in Clorox Company had a strong quarter to end the fiscal year 2023. Revenue increased 12.1% year over year to USD 2019.0 million, while net income grew 74.3%, reaching USD 176.0 million. This impressive performance demonstrates that Clorox Company is well-positioned to continue generating strong returns for its shareholders. With a growing portfolio of products and services, as well as expanding global reach, Clorox Company looks set to keep delivering results in the future.
Related Posts
Recent Posts
