8 Best Cleaning Materials Stocks To Invest In Now

5. The Clorox Company (NYSE:CLX)

Number of Hedge Fund Holders as of Q2 2024: 38

The Clorox Company (NYSE:CLX) is a multinational marketer and professional and consumer goods manufacturer. It operates through four segments: Household, Health and Wellness, Lifestyle, and International. The Health and Wellness segment comprises cleaning, disinfecting, and professional products sold and marketed under various brands. The company’s International segment comprises products sold outside the US.

The Clorox Company (NYSE:CLX) ended fiscal 2024 with solid operation strength, fully restoring its supply and distribution and recovering most of its lost market share. Despite the significant disruption caused by the cyber attack, which led to an 18% organic sales decline in Q1, the company closed out with flat organic sales for the complete year.

Its Q4 2024 results highlight the continuous advancement of its strategy, which focuses on accelerating profitable growth, strengthening its competitive advantage, and setting the company up for long-term success. The company is also focusing on recovering from the cyber-attack that occurred earlier in the year.

The Clorox Company (NYSE:CLX) is rebuilding its margin to fuel growth and has delivered its seventh consecutive quarter of margin expansion. It is on the path to bounce back to its pre-pandemic gross margins in fiscal year 2025. Although consumers are expected to remain under pressure in FY 2025, the company has a strong portfolio of brands in essential categories that have shown resilience during uncertain and challenging times. It is continually investing in its brands to maintain the value superiority that gives it a competitive market edge.

The company’s future plans at the investment level are strong. They aim to deliver a robust financial performance in FY 2025 and win consumers. This is supported by a bounce back to pre-pandemic gross margin, volume-driven sales growth, and free cash flow aligning with its long-term goals. It ranks fifth on our list of the 8 best cleaning materials stocks to invest in now.