CLX US S&P 500Russell 1000 Earnings call · transcribed from the recording
Clorox (CLX) · Q3 2026 results and valuation
Share price: $106.86 · 2026-11-11
Results Q3 2026 vs Q1 2026 · previous quarter · fiscal Q1 2027 · published 2 Nov 2026 and 30 Apr 2026
Net income down 9.1% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−9.1%
Net income vs Q1 2026
Net income 170.0M vs 187.0M
Revenue +14.1%
2 · How management spoke
Typical
More upbeat than 63% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Figure
The two of it are committed to a seamless transition where the organization doesn't miss a beat, which means.
Valuation
Is Clorox undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-06-30), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −0.0% growth a year (3-year revenue growth), the model's fair value is $40.90 a share — the stock trades 161% above it. Today's price assumes 8.9% growth a year.
Current price
$106.86
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+8.9% for 10 yrs
Fair value / share
$40.90
Buy below
$30.68
Price vs fair value
Overvalued 161%
Price vs buy-below price
Overvalued >200%
Read between the lines
-
Key theme
Consumers continue to seek value competitive activity remains elevated and increased commodity and transportation costs are putting additional pressure on margins…
Source quote
“consumers continue to seek value competitive activity remains elevated and increased commodity and transportation costs are putting additional pressure on margins... ...we are encouraged by the start to the year, we recognize that the operating environment remains challenging and uncertain.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q3 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“We had, you know, saw weeks that were down strong double digits, but Hidden Valley, given we are a condiment used on more than just salads, was able to win...”
“He is an accomplished global consumer products leader with a strong track record of building brands, evolving portfolios, developing talent, and delivering discipline growth.”
“Together, these priorities are focused on building a stronger business that delivers more consistent, profitable growth.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-09-30)
| Metric | Q3 2026period end 2026-09-30 | Q1 2026period end 2026-03-31 | Change | Q3 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.91B | 1.67B | +14.1% | 1.43B | +33.3% |
| Gross profit | 770.0M | 722.0M | +6.6% | 596.0M | +29.2% |
| Operating income | 207.0M | 256.0M | −19.1% | 107.0M | +93.5% |
| Net income | 170.0M | 187.0M | −9.1% | 80.0M | +112.5% |
| EPS | 1.39 | 1.54 | −9.7% | 0.65 | +113.8% |
| P/E today 13.8 | 11.2 | 16.9 | −5.7 | 19.4 | −8.2 |
Topics
Most discussed now
- New Clorox made good progress in the first quarter, delivering better-than-expected results through strong execution and some favorable timing…
- Clorox entered fiscal year 27 focused on steadily improving performance and market share while navigating continued input cost pressures.
- A lot of the businesses were facing not only a heightened competitive environment, a weakening consumer, but they were also...
Faded since Q1 2026
- Dropped Gross margin also came in below expectations, driven by higher-than-expected supply chain costs and delayed cost savings as Clorox…
- Fading With the ERP implementation now complete, Clorox is better positioned to convert its innovation, investments and distribution gains into…
- Fading Feeling terrific about that big innovation platform, its execution and the results, which are at this point from a velocity...
- Fading Going on, Clorox's innovation execution, and I'm going to put Litter to the side for a moment, and I'll touch...
Latest announcements
Official filings, newest first.
- Results of operations; Regulation FD disclosure · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Director or officer change; Regulation FD disclosure · SEC 8-K
- Other events · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure; Other events · SEC 8-K