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Energizer profit beats consensusin fiscal Q4

Energizer Holdings Inc. said its normalized net income for the fiscal fourth quarter ended Sept. 30 was $1.34 per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS increased 38.8% year over year from 96 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $84.0 million, a gain of 40.1% from $59.9 million in the prior-year period.

The normalized profit margin fell to 9.3% from 12.3% in the year-earlier period.

Total revenue fell 18.0% year over year to $399.1 million from $486.7 million, and total operating expenses declined 31.6% year over year to $258.5 million from $378.1 million.

Reported net income decreased 49.3% on an annual basis to $23.6 million, or 37 cents per share, from $46.6 million, or 75 cents per share.

For the year, the company's normalized net income totaled $2.17 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.79.

EPS declined 24.6% from $2.88 in the prior year.

Normalized net income was $135.2 million, a fall of 24.6% from $179.3 million in the prior year.

Full-year total revenue declined 11.3% on an annual basis to $1.63 billion from $1.84 billion, and total operating expenses declined 9.6% on an annual basis to $1.36 billion from $1.50 billion.

The company said reported net income came to a loss of $3.7 million, or a loss of 6 cents per share, in the full year, compared with income of $157.4 million, or $2.53 per share, the prior year.