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Energizer swings to loss in fiscal Q3


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Energizer swings to loss in fiscal Q3

Energizer Holdings Inc. said its normalized net income for the fiscal third quarter ended June 30 came to a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of 48 cents per share.

The per-share result swung to a loss from the prior-year profit of 53 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $5.6 million, compared with income of $32.8 million in the prior-year period.

The normalized profit margin declined to 4.8% from 8.0% in the year-earlier period.

Total revenue decreased 9.1% on an annual basis to $374.3 million from $411.7 million, and total operating expenses grew on an annual basis to $351.6 million from $345.1 million.

Reported net income totaled a loss of $19.9 million, or a loss of 32 cents per share, compared to income of $36.1 million, or 58 cents per share, in the prior-year period.