How Will the Sale of Better Health VMS Business Aid CLX Stock? [Yahoo! Finance]
Clorox Company (The) (CLX)
Last clorox company (the) earnings: 5/1 06:30 am
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Source: Yahoo! Finance
The Clorox Company CLX has been making smart moves to boost its portfolio structure in a bid to bolster sales and overall profitability. In the latest announcement, the company has concluded the divestiture of its Better Health Vitamins, Minerals and Supplements (“VMS”) unit in its entirety to an affiliate of Piping Rock Health Products, LLC. Let's delve deeper. Latest Divestiture to Boost CLX's Portfolio We note that the aforesaid divestiture includes the Natural Vitality, NeoCell, Rainbow Light and RenewLife brands, trademarks and licenses, as well as related manufacturing and distribution facilities in Sunrise, FL. The transaction highlights CLX's consistent efforts to evolve its portfolio, improve sales and structurally increase margins, with consistent growth in the long run. Last month, management announced that the company had agreed to sell its Better Health VMS business. It had earlier cited an anticipated after-tax charge in the range of $114- $134 million from the
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- The Clorox Company (NYSE: CLX) had its price target raised by analysts at DA Davidson from $153.00 to $171.00. They now have a "neutral" rating on the stock.MarketBeat
CLX
Earnings
- 10/30/24 - Beat
CLX
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/8/24 - Form 4
- CLX's page on the SEC website