other material
confidence high
sentiment neutral
materiality 0.45
Clorox sells Argentina, Uruguay, Paraguay operations to Apex Capital; expects $233M charge
CLOROX CO /DE/
- Sale to Apex Capital (Grupo Mariposa) and former Clorox exec Diego Barral; financial terms not disclosed.
- Clorox Argentina represents ~2% of FY2024 net sales outlook.
- One-time after-tax charge ~$233M in Q3 FY2024, mostly non-cash currency translation release.
- Expected to reduce FY2024 net sales growth by ~0.5 points and adjusted EPS by $0.00-$0.02.
- R&D and corporate hubs remain; production employees transfer to new entity 'Grupo Ayudin'.