Business Context and Reporting Period
Company: The Clorox Company
Filing Type: Form 8-K (Current Report)
Date of Report: August 2, 2012
Reporting Period: Fourth quarter and fiscal year ended June 30, 2012
This filing announces the Company's financial results for the fourth quarter and full fiscal year 2012. The report incorporates a press release and supplemental financial information by reference.
Key Financial Metrics
Note: This Form 8-K serves as a notification of results and incorporates detailed financial data via exhibits. Specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not contained within the text of this filing summary but are located in the attached exhibits (99.1 and 99.2).
- Revenue & Profit: Results for Q4 and FY 2012 are announced but numerical figures are in Exhibit 99.1.
- Segment Reporting Change: The Company is recasting historical data for fiscal years 2010, 2011, and 2012. Beginning with Q4 FY 2012, Natural Personal Care results are reported in the International segment rather than the Lifestyle segment.
Material Changes
The primary material change disclosed in this filing is a reclassification of segment reporting:
- Segment Reclassification: Natural Personal Care results are now reported within the International segment, whereas they were previously reported in the Lifestyle segment.
- Historical Recasting: Net Sales and Earnings from Continuing Operations before Income Taxes for fiscal years 2012, 2011, and 2010 have been recast to reflect this change (Exhibit 99.3).
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) containing management's discussion of the results. Specific guidance, outlook, or risk factors are not detailed in the body of this 8-K text.
Unusual Items: The filing notes the segment reclassification as a significant accounting presentation change affecting comparability of historical segment data.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 and FY 2012 revenue, earnings, and margin figures.
- Examine Exhibit 99.3 to understand the impact of the segment reclassification on historical Net Sales and Earnings from Continuing Operations.
- Verify the new segment composition for the International and Lifestyle segments in future reporting periods.
- Check Exhibit 99.2 for supplemental financial details not included in the standard press release.