Company News

Soaring Feedstock Prices Can’t Stop Clorox

Fourth quarter sales rise 11 percent

Author Image

By: TOM BRANNA

Editor

Despite rising feedstock costs, Clorox earned $158 million in the fourth quarter, just above industry estimates. Fourth quarter sales increased 11% to $1.5 billion. Looking ahead, Clorox said commodity and energy costs would climb by as much as $200 million during fiscal 2009, offset partly by $90 million to $100 million in savings. Still, the company said it should report earnings of $3.60 to $3.75 a share, compared to industry estimates of  $3.67 a share....

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters