Company: CLX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000021076-25-000053
Chunk: 68

Company: CLOROX CO /DE/
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 68
---
/20259/30/2024Loss on divestiture$— $118 Interest expense23 21 Other (income) expense, net(5)(22)Effective tax rate on earnings 23.4 %41.8 %

Loss on divestiture of $118 in the prior period reflected the loss on the divestiture of the Better Health VMS business. See notes to condensed consolidated financial statements for further information.

Other (income) expense, net was ($5) and ($22) in the current and prior periods, respectively. The variance between the current and prior periods was primarily due to lapping the benefit of insurance recoveries mainly related to the cyberattack in fiscal year 2024. 

The effective tax rate on earnings was 23.4% and 41.8% for the current and prior periods, respectively.The higher tax rate in the prior period as compared to the current period was primarily driven by the nondeductibility of the loss on the divestiture of the Better Health VMS business in the prior period.

Diluted net earnings per share

Three months ended9/30/20259/30/2024% ChangeDiluted net earnings per share$0.65 $0.80 (19)%

Diluted net earnings per share (EPS) decreased by $0.15, or 19%, in the current period, primarily due to lower net sales in the current period, partially offset by the loss relating to the divestiture of the Better Health VMS business in the prior period. 

22

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 (losses) before interest and income taxes (segment adjusted EBIT): 

Net salesThree months ended9/30/20259/30/2024Health and Wellness$565 $698 Household362 447 Lifestyle245 320 International253 259 Reportable segment total$1,425 $1,724 Corporate and Other4 38 Total$1,429 $1,762 

Segment adjusted EBIT (1)Three months ended9/30/20259/30/2024Health and Wellness$124 $235 Household2760Lifestyle3866International1935Reportable segment total$208 $396