Energizer Q2 Profit Rises, Backs Full Year EPS View - Quick Facts

(RTTNews) - Energizer Holdings Inc. (ENR) said second-quarter net earnings increased to $98.5 million from $84.9 million. Earnings per share rose to $1.57 from $1.35.

Adjusted net earnings per share of $1.88, while it totaled $1.80 last year. On average, 15 analysts polled by Thomson Reuters expected earnings of $1.71 per share. Analysts estimates typically exclude special items.

Net sales fell to $1.062 billion from $1.096 billion. Analysts expected revenues of $1.08 billion.

Ward Klein, Chief Executive Officer, said, ''Second quarter adjusted net earnings per diluted share were in-line with our expectations as we continue to make excellent progress with our cost savings initiatives."

The company reaffirmed its financial outlook for the year of adjusted net earnings per share of $7.00 to $7.25 and GAAP net earnings per share of $5.70 to $6.10. This assumes, among others, total company low-single digit net sales growth, including the impacts of the feminine care acquisition and currencies. Wall Street looks for full year earnings of $7.06 per share.