Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 0

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
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 endedSix months ended12/31/202412/31/202312/31/202412/31/2023Net sales$1,686 $1,990 $3,448 $3,376 Cost of products sold948 1,124 1,903 1,978 Gross profit738 866 1,545 1,398 Selling and administrative expenses280 322 561 598 Advertising costs191 186 392 351 Research and development costs31 32 62 61 Loss on divestiture— — 118 — Pension settlement charge— 171 — 171 Interest expense22 26 43 47 Other (income) expense, net(23)(7)(45)5 Earnings before income taxes237 136 414 165 Income tax expense43 40 117 44 Net earnings194 96 297 121 Less: Net earnings attributable to noncontrolling interests1 3 5 6 Net earnings attributable to Clorox$193 $93 $292 $115 Net earnings per share attributable to CloroxBasic net earnings per share$1.55 $0.75 $2.36 $0.93 Diluted net earnings per share$1.54 $0.75 $2.34 $0.92 Weighted average shares outstanding (in thousands)Basic123,766 124,176 123,781 124,075 Diluted124,662 124,620 124,669 124,635 Comprehensive income$160 $231 $271 $255 Less: Total comprehensive income attributable to noncontrolling interests1 3 5 6 Total comprehensive income attributable to Clorox$159 $228 $266 $249 

See Notes to Condensed Consolidated Financial Statements (Unaudited)

3

The Clorox Company

Condensed Consolidated Balance Sheets

(Dollars in millions, except per share data)12/31/20246/30/2024(Unaudited)ASSETSCurrent assetsCash and cash equivalents