Computeruser.com
Latest News

Energizer Holdings, Inc. Announces Third Quarter Results

ST. LOUIS July 27, 2011 Energizer Holdings, Inc. June 30, 2011 $65.9 million $0.94 $104.0 million $1.47 June 30, 2011 $215.4 million $3.04 $318.2 million $4.51

The following table provides a reconciliation of net earnings per diluted share to adjusted net earnings per diluted share.

Quarter Ended June 30,

Nine Months Ended June 30,

2011

2010

2011

2010

Diluted EPS – GAAP

$

0.94

$

1.47

$

3.04

$

4.51

Impacts, net of tax: Expense (Income)

 Household Products restructuring

0.24

0.68

 Early debt retirement

0.18

0.18

 Other realignment/integration

0.03

0.01

0.13

0.09

 Acquisition inventory valuation

0.06

 Venezuela devaluation/other impacts

(0.08)

0.02

0.24

 Adjustment to prior years’ tax accruals

(0.02)

(0.05)

(0.02)

(0.05)

    Diluted EPS – adjusted (Non-GAAP)

$

1.37

$

1.35

$

4.09

$

4.79

Ward Klein Schick Hydro Hydro

Mr. Klein continued, "Meanwhile, the restructuring of our Household Products battery production footprint is well underway and remains on schedule to be substantially complete by the end of this fiscal year.  We believe this redefined global battery production platform appropriately aligns our business with continued negative battery category trends.  We are confident this effort and our other investments will drive top and bottom line growth."  

Net Sales – Total Company ($ in millions)

Quarter and Nine Months Ended June 30, 2011

Q3

%Chg

YTD

%Chg

Net Sales – FY ’10

$ 1,076.8

$ 3,188.6

Organic growth

27.6

2.6%

35.7

1.1%

Impact of currency

42.5

3.9%

59.9

1.9%

Chg. in Venezuela

4.4

0.4%

(19.4)

-0.6%

Impact of ASR

83.2

7.7%

182.1

5.7%

  Net Sales – FY ’11

$ 1,234.5

14.6%

$ 3,446.9

8.1%

North America Western Europe

Gross margin for the quarter was 46.4%, down 170 basis points versus fiscal 2010’s third quarter.  This decrease was due primarily to the inclusion of value priced ASR products, which reduced the overall gross margin by approximately 140 basis points in the quarter.  In addition, there was a negative impact on gross margin from commodity costs, primarily in batteries.

$156.2 million $145.2 million Schick Hydro

$215.2 million $185.1 million $14 million $9 million

June 30, 2011 Schick Hydro

June 30, 2011 Schick Hydro

$385.2 million $310.7 million Hydro

June 30, 2011 $638.7 million $556.9 million $36 million $11 million

Personal Care

Net Sales – Personal Care ($ in millions)

Quarter and Nine Months Ended June 30, 2011

Q3

%Chg

YTD

%Chg

Net Sales – FY ’10

$       589.2

$      1,555.2

Organic growth

28.6

4.9%

85.8

5.5%

Impact of currency

22.3

3.8%

30.8

2.0%

Chg. In Venezuela

2.0

0.3%

(9.6)

-0.6%

Impact of ASR

83.2

14.1%

182.1

11.7%

  Net Sales – FY ’11

$       725.3

23.1%

$      1,844.3

18.6%

North America Schick Hydro

  • Skin Care net sales increased 20%, of which 18% is organic sales growth due in part to the timing of sun care shipments and lower sun care returns and the remainder is due to favorable currency; and
  • Schick Hydro

Net sales for the nine months showed a similar pattern as the third quarter and was up approximately 19%, of which 6% was organic sales growth and the remainder was driven by ASR and favorable currencies.  The year-to-date net sales growth was driven primarily by:

  • Venezuela Schick Hydro
  • In Skin Care, net sales increased approximately 10% (9% organic and 1% currency) for the current year nine months due to the favorable impact of lower prior year sun care returns and higher shipments for the current sun care season.

Segment Profit – Personal Care  
($ in millions)

Quarter and Nine Months Ended June 30, 2011

Q3

%Chg

YTD

%Chg

Segment Profit – FY ’10

$      95.4

$     331.1

Operations

13.8

14.5%

(38.2)

-11.5%

Impact of currency

8.1

8.5%

17.5

5.3%

Chg. In Venezuela

1.3

1.3%

(3.2)

-1.0%

Impact of ASR

11.9

12.5%

23.2

7.0%

Segment Profit – FY ’11

$   130.5

36.8%

$     330.4

-0.2%

$130.5 million $14 million

June 30, 2011 $38 million Schick Hydro

Household Products

Net Sales – Household Products ($ in millions)

Quarter and Nine Months Ended June 30, 2011

Q3

%Chg

YTD

 %Chg

Net Sales – FY ’10

$       487.6

$      1,633.4

Organic Change

(1.0)

-0.2%

(50.1)

-3.1%

Impact of currency

20.2

4.1%

29.1

1.8%

Chg. In Venezuela

2.4

0.5%

(9.8)

-0.6%

  Net Sales – FY ’11

$       509.2

4.4%

$      1,602.6

-1.9%

France Western Europe

Western Europe

Segment Profit – Household Products ($ in millions)

Quarter and Nine Months Ended June 30, 2011

Q3

%Chg

YTD

%Chg

Segment Profit – FY’10

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test