Energizer Raises 2016 Outlook To Include Acquisition Impact Of HandStands

(RTTNews) - Energizer Holdings, Inc. (ENR) announced it is increasing fiscal 2016 outlook to $2.20 to $2.30 to reflect approximately $0.04 to $0.05 of accretion from the acquisition. In May, the company projected fiscal 2016 earnings outlook in a range of $2.15 to $2.25 per share.

Total acquisition and integration related costs associated with the HandStands acquisition are expected to be in the range of $30 million to $35 million. Energizer expects to incur these costs over the next 12 to 15 months. The company expects to incur approximately $17 million to $19 million in the fourth quarter of 2016.