Clorox Reports Q1 Fiscal 2027 Results Amid Gojo Acquisition and ERP Transition
Clorox (CLX) reported first-quarter fiscal 2027 net sales of $1.91 billion, a 33% year-over-year increase. However, much of this growth was driven by the acquisition of Gojo Industries and favorable comparisons following a previous enterprise resource planning (ERP) software transition rather than organic expansion alone. While adjusted earnings per share (EPS) reached $1.55, surpassing analyst estimates, the company signaled caution regarding its full-year outlook. Clorox expects annual adjusted EPS to land toward the lower end of its $5.70 to $6.00 guidance range and has slightly lowered its gross margin expectations from 42% to 41.5%. The increased debt load following the Gojo acquisition has raised concerns among dividend investors regarding the long-term sustainability of the company's high yield.
Tickers: $CLX
Topics: acquisition debt load dividend safety earnings report revenue growth
Read the full article at Motley Fool
Part of the story Clorox Reports Q1 Fiscal 2027 Results Amid Gojo Acquisition and ERP Transition (6 articles)