NET EARNINGS PER SHARE (EPS)
The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS for the fiscal years ended June 30:
202520242023
Basic123,525 124,174 123,589 
Dilutive effect of stock options and other762 630 592 
Diluted124,287 124,804 124,181 
Antidilutive stock options and other3,085 2,704 1,444 
Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Clorox.

Historical Timeline

Fiscal YearFiled
2025Aug 8, 2025Showing above
2024Aug 8, 2024
2023Aug 10, 2023
2022Aug 10, 2022
2021Aug 10, 2021
2020Aug 13, 2020
2019Aug 14, 2019
2018Aug 14, 2018
2017Aug 15, 2017
2016Aug 16, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.