Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 0

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

The Clorox Company

Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited)

(Dollars in millions, except per share data)

Three months endedNine months ended3/31/20253/31/20243/31/20253/31/2024Net sales$1,668 $1,814 $5,116 $5,190 Cost of products sold924 1,048 2,827 3,026 Gross profit744 766 2,289 2,164 Selling and administrative expenses267 301 828 899 Advertising costs207 215 599 566 Research and development costs27 32 89 93 Loss on divestiture— 240 118 240 Pension settlement charge— — — 171 Interest expense23 22 66 69 Other (income) expense, net(34)(2)(79)3 Earnings (losses) before income taxes254 (42)668 123 Income tax expense63 8 180 52 Net earnings (losses)191 (50)488 71 Less: Net earnings attributable to noncontrolling interests5 1 10 7 Net earnings (losses) attributable to Clorox$186 $(51)$478 $64 Net earnings per share attributable to CloroxBasic net earnings (losses) per share$1.51 $(0.41)$3.87 $0.52 Diluted net earnings (losses) per share$1.50 $(0.41)$3.84 $0.52 Weighted average shares outstanding (in thousands)Basic123,367 124,249 123,643 124,133 Diluted124,066 124,249 124,468 124,721 Comprehensive income$196 $154 $467 $409 Less: Total comprehensive income attributable to noncontrolling interests5 1 10 7 Total comprehensive income attributable to Clorox$191 $153 $457 $402 

See Notes to Condensed Consolidated Financial Statements (Unaudited)

3

The Clorox Company

Condensed Consolidated Balance Sheets

(Dollars in millions, except per share data)3/31/202