U.S. cleaning products maker Clorox reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for its household products and price increases in international markets.
The maker of Pine-Sol cleaners and Poett home care products, which had missed the Street's profit estimates in the past four quarters, also reaffirmed its profit outlook for the year ending June.
Net income from continuing operations rose to $145 million, or $1.10 per share, in the first quarter ended Sept. 30, from $139 million, or $1.05 per share, a year earlier.
Total sales rose 0.7 percent to $1.35 billion. While revenue from household products increased 5.4 percent to $392 million, sales of cleaning products, Clorox's largest business, fell 1.9 percent to $470 million.