The Clorox Company
Industry: Personal & Household Prods.

Clorox Company is a leading manufacturer and marketer of consumer products with fiscal year 2002 revenues of $4.1 billion. Clorox markets some of consumers' most trusted and recognized brand names, including its namesake bleach and cleaning products, Armor All and STP auto care products, Fresh Step and Scoop Away cat litters, Kingsford charcoal briquets, Hidden Valley and K C Masterpiece dressings and sauces, and Glad bags, wraps and containers. With 9,500 employees worldwide, the company manufactures products in 25 countries and markets them in more than 100 countries. Founded in 1980, The Clorox Company Foundation has awarded grants totaling more than $51 million and has made product donations valued at nearly $5 million to nonprofit organizations, schools and colleges.

Business Summary
The Clorox Company operates in three business segments: Household Products-North America, Specialty Products and Household Products-Latin America/Other. The Company's business operations include the production and marketing of consumer products sold primarily through grocery, mass merchandise, club and other retail stores. Most non-durable household consumer products are nationally advertised and sold within the United States to grocery stores and grocery wholesalers, primarily through a network of brokers, and to mass merchandisers, warehouse clubs, military and other retail stores primarily through a direct sales force. Within the United States, the Company also sells institutional versions of many of its products. Outside the United States, the Company sells consumer products to the retail trade through subsidiaries, licensees, distributors and joint-venture arrangements with local partners.

Financial Summary
CLX is engaged in the production and marketing of non-durable household consumer products. Principal products include bleach, household cleaners and salad dressings and other food flavorings. For the fiscal year ended 6/30/05, net sales rose 5% to $4.39B. Net income from cont. opts. rose 6% to $517M. Revenues reflect higher overall shipment volumes. Net income reflects increased equity earnings and gain on exchange of Henkel Iberica, S.A.