Clorox (CLX) CLX

Clorox Company is currently navigating severe financial challenges, reporting a sales decline of 1.5% and facing a downgrade to 'Weak' status. Despite this, it declared a quarterly dividend of $1.24 per share, showing commitment to shareholders. The company recently completed a $2.25 billion acquisition of GOJO Industries, enhancing its health and hygiene portfolio, even as it contends with sustained pressures from an ERP system implementation and increased marketing costs. Clorox has raised $1.5 billion to stabilize finances amidst sliding stock prices and concerns about future earnings while striving for operational innovation to restore momentum.