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3, 2017, 6:30 a.m. EST Clorox Reports Q2 Fiscal Year 2017 Results; Updates Fiscal Year 2017 Outlook Behind Strong Sales Growth OAKLAND, Calif., Feb. 3, 2017 /PRNewswire/ --For its second quarter ending Dec. 31, 2016, The Clorox Company /quotes/zigman/222530/composite CLX +1.24% today reported sales growth of 5 percent and flat diluted net earnings per share (EPS) from continuing operations of $1.14, which includes an 11-cent noncash charge related to the Aplicare business as discussed below. "I'm very pleased with the results we're reporting today, the highlight being we delivered our second consecutive quarter of 8 percent volume growth. This is the highest volume increase we've seen in nearly 10 years, with gains in each of our segments in the U.S. and International," said Chairman and CEO Benno Dorer. "Excluding the noncash charge, we delivered strong earnings per share growth on top of 18 percent growth in the year-ago period. Notably, we continue to drive cost savings and productivity improvements, including in International, which delivered significant margin improvement." "As we look to the remainder of fiscal year 2017, incremental investment behind our brands remains a priority, with promising innovation launching across our portfolio," continued Dorer. "Importantly, our core business remains strong. We're confident in our strategy and staying the course." All results in this press release are reported on a continuing operations basis, unless otherwise stated.
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