Flash Report 3 minutesRegister for Free Access

Clorox (CLX) 2Q16 Results: Mixed Quarter, Company Raises EPS Guidance

Executive Summary

  • Clorox reported fiscal 2Q16 revenues of $1.3 billion, flat year over year and slightly below the consensus estimate.
  • Diluted EPS from continuing operations were $1.14, up 18% year over year and exceeding the consensus estimate of $1.05.
  • Cleaning and Lifestyle products each posted a 2% volume gain. Clorox Disinfecting Wipes were up by double digits, and Natural Personal Care products posted double-digit volume growth for the second year in a row.
  • The company raised its fiscal 2016 EPS guidance to $4.75–$90 from $4.68–$4.83 due to expectations of higher EBIT margins.

Please Login to read the full report. Not a member? Register for a free user account.