Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer spoke with Benno Dorer, chairman and CEO of The Clorox Co. (CLX) , which saw earnings miss both top- and bottom-line estimates this quarter due to a challenging environment for consumer packaged goods.
Dorer explained that rising commodity and transportation costs put a damper on earnings this quarter and has forced Clorox to put its "cost savings machine" back to work.
What matters most for Clorox, Dorer added, is the company's focus on the long-term and executing their strategy to serve their customers with new and innovative products. Clorox can also benefit from getting their products into a lot more households around the world.
Dorer was also excited about tax reforms, as his company is 83% based in the U.S. and will see their tax rates decrease from about 32% to just 24%. Those dramatic savings will be reinvested into their business, returned to shareholders and also used for acquisitions, Dorer said.
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