Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 87

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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Nine months ended3/31/20253/31/20243/31/20253/31/2024Health and Wellness$169 $154 $597 $517 Household6174169162Lifestyle6064196192International313887104Reportable segment total3213301,049975Corporate and Other(55)(70)(193)(238)Total$266 $260 $856 $737 Interest income24721Interest expense(23)(22)(66)(69)Loss on divestiture—(240)(118)(240)Pension settlement charge———(171)Cyberattack costs, net of insurance recoveries35(8)70(57)Streamlined operating model —(10)—(13)Digital capabilities and productivity enhancements investment(26)(26)(81)(85)Earnings before income taxes$254 $(42)$668 $123 

(1)See “Non-GAAP Financial Measures” below for reconciliation of segment adjusted EBIT to earnings before income taxes, the most directly comparable GAAP financial measure. 

27

SEGMENT RESULTS (Continued)

Health and Wellness

Three months endedNine months ended3/31/20253/31/2024% Change3/31/20253/31/2024% ChangeNet sales$630 $609 3 %$1,956 $1,833 7 %Segment adjusted EBIT169 154 10 597 517 15 

Volume, net sales and segment adjusted EBIT increased by 7%, 3% and 10%, respectively, during the current three month period. The volume increase was primarily due to strong consumption supported by merchandising activities in Cleaning. The variance between volume and net sales was primarily due to unfavorable price mix. The increase in segment adjusted EBIT was primarily due to lower manufacturing and logistics costs, higher net sales and cost savings, partially offset by higher advertising investments. 

Volume, net sales and segment adjusted EBIT increased by 9%, 7% and 15%, respectively, during the current nine month period. The volume increase was primarily due to lapping impacts from the cyberattack and retail inventory restoration. The variance between volume and net sales was primarily due to unfavorable price mix. The increase in segment adjusted EBIT in the current period was primarily due to higher net sales, cost savings and lower manufacturing and logistics costs, partially offset by higher advertising investments.

HouseholdThree months endedNine months ended3