secwatch.observer — SEC 8-K summary
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Issuer:     CLOROX CO /DE/ (CLX)
CIK:        0000021076
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000021076-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clorox Q2 EPS $0.80 ($0.98 adj.) beats; net sales +1% to $1.72B; gross margin up 320 bps
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- Net sales $1.72B, +1% vs prior year; organic sales +4% driven by price mix (+14%) offsetting volume decline (-10%).
- GAAP diluted EPS $0.80, +43%; adjusted EPS $0.98, +48%, reflecting pricing and cost savings despite higher costs.
- Gross margin improved 320 bps to 36.2% from 33.0% due to price increases and cost savings, partly offset by commodities and manufacturing headwinds.
- YTD net cash from operations $387M, up 74% from $222M; free cash flow $299M (8.7% of net sales).
- CEO Linda Rendle said results were better than expected; company updated outlook amid ongoing margin recovery and strategic investments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21076/000002107623000005/0000021076-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21076/000002107623000005/clx-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000021076-23-000005

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