Clorox completes $2.15B GOJO acquisition, doubles debt to $5.1B as sales fall 6% to $6.7B

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 8, 2025 · ~2 min read

Key Changes

• high

  Acquired GOJO (Purell brand) for $2.15B and bought out P&G's 20% Glad stake for $476M, both debt-financed; total debt doubled from $2.5B to $5.1B and S&P downgraded the credit rating from BBB+ to BBB in February 2026.

  Business: GOJO acquisition, Glad buyout, debt levels, credit rating verify on EDGAR →
• high

  Net sales declined to $6.7B from $7.1B and diluted EPS fell 26%, driven by macroeconomic headwinds, ERP implementation timing that pulled sales into the prior year, and higher manufacturing and logistics costs.

  Business: fiscal year 2026 financial performance verify on EDGAR →
• high

  Capital allocation now explicitly prioritizes debt repayment over buybacks; annual dividend increase slowed to 1% (from 2% prior year) reflecting the company's increased leverage and deleveraging focus.

  Business: capital allocation priorities, dividend increase verify on EDGAR →