Energizer Posts Q2 Loss On Venezuela Deconsolidation Charge - Quick Facts

(RTTNews) - Energizer Holdings Inc. (ENR) reported a second-quarter net loss of $88.5 million, or $1.41 per share compared to net profit of $98.5 million, or $1.57 per share in the prior year second quarter. The company noted that its results included a pre-tax, non-recurring charge of $144.5 million related to the deconsolidation of Venezuelan Operations. Adjusted net earnings per share was $1.97, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.73 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.01 billion, down 5.1%. Sales were up 0.3% on an organic basis and excluding year-over-year Venezuela results. Analysts expected revenue of $1.02 billion for the quarter.

The company now expects its total organic net sales to be down low-single digits for the first nine months through June 30, of fiscal 2015.