Clorox’s Q2 Net Sales Increase

The Clorox Company, a manufacturer and marketer of consumer products, has reported net sales of $1.19 billion for the second quarter ended December 31, 2007, an increase of 8%, compared with $1.10 billion in the corresponding period of 2006.

Clorox reported second-quarter net earnings of $92 million, or 65 cents diluted earnings per share (EPS), compared with $96 million in the same quarter of 2006, or 62 cents diluted EPS.

For the first six months, the company’s net sales stood at $2.42 billion, compared with $2.26 billion for the corresponding period in 2006. Net earnings stood at $203 million, compared with $208 million for the same period in 2006. Diluted net earnings per common share were $1.41, compared with $1.35 for the corresponding period in 2006.

Don Knauss, chairman and CEO of Clorox, said: “I’m delighted with our second-quarter results. Although the commodities environment remains challenging, we delivered strong top-line growth and our business is strong across the portfolio. On November 30, 2007, we completed the acquisition of Burt’s Bees, which is performing very well.”