Breaking News

Clorox Reports Lower Profits

March 14, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
Oakland, Calif. (Reuters) -- Clorox Co. said it expects lower fiscal third-quarter and full-year earnings, due in part to higher energy and raw material costs, and other product line weaknesses.

Clorox said it expects full-year earnings, before unusual items, of $1.60 to $1.63 per share, down from $1.75 a year ago. Analysts' consensus estimate is $1.72, according to First Call/Thomson Financial. For the third quarter, ending March 31, it expects earnings, before unusual items, of $.44 per share, down from $.48 a year ago but in line with Wall Street forecasts.

The revised projections reflect weaker volumes for several businesses, including the bleach business in several Latin America countries, where Clorox is experiencing more competition from lower-priced competitors. The estimates also reflect higher energy and raw material costs.

The company said it plans to lower prices on several of its brands to strengthen its competitive position.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2013 Experience Convention & Trade Show

A look back in photos at the 2013 Experience Convention & Trade Show in Las Vegas.

THE MAGAZINE

ICS Cleaning Specialist Magazine

cover_image

2014 April

Take a look at the April 2014 issue with features on air movers, going green, carpet cleaning and new products & technologies.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo