Executive Summary

• Clorox reported fiscal 3Q18 revenues of $1.52 billion, up 2.7% year over year and in line with the consensus estimate. Diluted EPS was $1.37, up 4.6% from the year-ago quarter and above the consensus estimate of $1.31.
• All four of the company’s business segments showed positive sales growth. Cleaning sales grew by 3%, while lifestyle sales grew by 2%, international sales by 4% and household sales by 1%.
• Clorox raised its FY18 net sales growth guidance to 3% from 1%–3% previously and lowered its EPS guidance to $6.15–$6.30 from $6.17–$6.37 previously.