Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 111

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 111
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 per share

Three months endedNine months ended3/31/20253/31/2024% Change3/31/20253/31/2024% ChangeDiluted net earnings (losses) per share$1.50 $(0.41)466 %$3.84 $0.52 638 %

Diluted net earnings (losses) per share (EPS) increased by $1.91, or 466%, in the current three month period, primarily due to the loss relating to the Argentina divestiture in the prior period, higher gross margin and the benefits of cyberattack insurance recoveries in the current period, partially offset by lower net sales in the current period. 

Diluted EPS increased by $3.32, or 638%, in the current nine month period, primarily due to losses on the divestiture of the Argentina business and pension settlement charge in the prior period and the net impacts of higher volume and the divestitures of the Better Health VMS and Argentina businesses, the benefits of cyberattack insurance recoveries and cost savings in the current period, partially offset by the loss relating to the divestiture of the Better Health VMS business, unfavorable mix and higher advertising investments all in the current period.

26

SEGMENT RESULTS 

The following presents the results of the Company’s reportable segments and Corporate and Other. See Notes to Condensed Consolidated Financial Statements for further discussion of the principal measure of segment profitability used by management, segment adjusted earnings before interest and income taxes (segment adjusted EBIT): 

Net salesThree months endedNine months ended3/31/20253/31/20243/31/20253/31/2024Health and Wellness$630 $609 $1,956 $1,833 Household469 526 1,362 1,353 Lifestyle306 315 964 947 International263 310 796 891 Reportable segment total1,668 1,760 5,078 5,024 Corporate and Other— 54 38 166 Total$1,668 $1,814 $5,116 $5,190 

Segment adjusted EBIT (1)Three months endedNine months ended3/31/20253/31/20243/31/20253/31/2024Health and Wellness$169 $154 $597 $517 Household6174169162