Clorox Reduces Second Quarter and Full Year Estimates.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--Dec. 14, 2000 The Clorox Company (NYSE NYSE See: New York Stock Exchange :CLX (library, graphics) CLX - The Common Lisp library providing a low-level interface to the X Window System, equivalent to Xlib. Graphics toolkits can be built on top of CLX, e.g. McCLIM, Garnet, CLUE and CLIO. )(PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. :CLX) today announced that it expects second quarter and fiscal year results to be lower than comparable year ago periods. Volume and sales for the current quarter are now expected to decline in the low-single and mid-single digits, respectively, with earnings per share lower by about $0.03 versus the year ago quarter. For the full fiscal year, the company now projects volume and sales to grow in the low single-digit range, and earnings to be flat versus last fiscal year. The company also anticipates potential write-offs and other one-time charges in the range of $150 to 200 million in calendar year 2001 as it pursues projects to enhance margins and asset utilization. Clorox will host a live audio webcast tomorrow, Dec. 15, 2000, to discuss the company's business progress and prospects for fiscal year 2001. The webcast will begin at 7:30 a.m. PST PST Paroxysmal supraventricular tachycardia, see there (10:30 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy ) and can be accessed at www.clorox.com/investors. Following the live discussion, the webcast will be archived for one week on the company's Web site. The Clorox Company is a $4 billion, multi-national manufacturer and marketer of household products, and products for institutional markets. Except for historical information, matters discussed above, including statements about future growth, profitability, costs or expectations, are forward-looking statements based on management's estimates, assumptions and projections. Important factors that could cause results to differ materially from management's expectations are described in "Forward-Looking Statements and Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operation" in the company's SEC Form 10-K for the year ending June 30, 2000, as updated from time to time in the company's SEC filings. Those factors include, but are not limited to, marketplace conditions and events, the company's costs, risks inherent in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. or international operations, the success of new products, integration of acquisitions, and environmental, regulatory and intellectual property matters. |
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