Clorox said on March 21, 2024 that it sold certain wholly owned subsidiaries that handle its operations in Argentina, Uruguay and Paraguay to Apex Capital and an investment group led by Diego Barral. The company said financial terms were not disclosed.

8-KRegulation FD DisclosureFiled Mar 21, 2024Period of report Mar 21, 2024Summary published (UTC) Oct 30, 2026

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Clorox said on March 21, 2024 that it sold certain wholly owned subsidiaries that handle its operations in Argentina, Uruguay and Paraguay to Apex Capital and an investment group led by Diego Barral. The company said financial terms were not disclosed.
The company said the deal includes 2 production plants in Argentina and rights to certain brands in Argentina, Uruguay and Paraguay, along with shared intellectual property. Its Latin America research and development and corporate hubs are excluded from the transaction and will remain in Argentina.
The company said it expects to record a one-time after-tax charge of about $233 million in fiscal 2024 Q3, which would reduce earnings per share by about $1.87. The company explained that most of the charge stems from the non-cash release of about $222 million in accumulated currency translation adjustments previously recorded in equity.
The company said Clorox Argentina represents about 2% of the fiscal 2024 net sales outlook it provided in its February 2024 earnings release. It said the transaction is expected to reduce net sales growth by about half a point and adjusted EPS by $0.00 to $0.02. The company said it is not otherwise reiterating any prior guidance.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Clorox Divests Argentina, Uruguay and Paraguay Operations

Clorox said on March 21, 2024 that it sold certain wholly owned subsidiaries that handle its operations in Argentina, Uruguay and Paraguay to Apex Capital and an investment group led by Diego Barral. The company said financial terms were not disclosed.

Source · Based on the filing body and exhibits

Divested Assets and Excluded Operations

The company said the deal includes 2 production plants in Argentina and rights to certain brands in Argentina, Uruguay and Paraguay, along with shared intellectual property. Its Latin America research and development and corporate hubs are excluded from the transaction and will remain in Argentina.

Source · Based on the filing body and exhibits

One-Time Charge in Fiscal 2024 Q3

The company said it expects to record a one-time after-tax charge of about $233 million in fiscal 2024 Q3, which would reduce earnings per share by about $1.87. The company explained that most of the charge stems from the non-cash release of about $222 million in accumulated currency translation adjustments previously recorded in equity.

Source · Based on the filing body and exhibits

Fiscal 2024 Net Sales and Adjusted EPS Impact

The company said Clorox Argentina represents about 2% of the fiscal 2024 net sales outlook it provided in its February 2024 earnings release. It said the transaction is expected to reduce net sales growth by about half a point and adjusted EPS by $0.00 to $0.02. The company said it is not otherwise reiterating any prior guidance.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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