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Clorox warned it is still dealing with the fallout from a recent cyberattack, saying the hack will have a significant effect on its current quarter results.
Clorox reports its quarterly results in November, but the cleaning products maker is already bracing investors for what it says will be a “material impact” from a cyberattack. Shares of Clorox (ticker: CLX) were trading down more than 1% on Monday after the company disclosed that the attack, which it confirmed in mid-August, damaged some of its IT infrastructure, which then had to be taken offline to contain the problem. Clorox said Monday that its normal automated order processing system isn’t fully online, as it has taken time to repair.
An August cyber attack, now contained, has led to an 'elevated level of consumer product availability issues" at consumer brands giant Clorox.
Wall Street experienced mild fluctuations on Monday, as oil prices continued to rise, exerting pressure on inflation. The S&P 500 was marginally higher in midday trading, while the Dow Jones Industrial Average edged up by 4 points, or less than 0.1%, at 34,623, and the Nasdaq composite remained virtually unchanged.
Clorox (CLX) is warning that it could see a material impact from a cyberattack last month that caused "widescale disruptions" to operations. While production has resumed at a majority of their manufacturing sites, there is currently no timeframe for when operations will return to full capacity. The company is also warning that the disruptions could cause product shortages.
Clorox shares are down in early trading after the [bleach and cleaning wipe maker said](https://www.wsj.com/business/clorox-says-cyberattack-is-hurting-product-availability-will-weigh-on-quarter-5d146760) a cyberattack that was disclosed last month is hurting the availability of its products.
The bleach and cleaning-wipe maker said that it believes the cyberattack is now contained but that it will cause a material impact to current-quarter financial results.
Clorox (NYSE:CLX), a leading cleaning products manufacturer, has been grappling with significant operational disruptions in the wake of a major cyberattack that occurred in mid-August 2023. The company confirmed on Monday that the attack had caused considerable damage to its IT infrastructure, which led to the shares trading down by over 1%.