Personal products provider Energizer Holdings, Inc.'s (ENR) second-quarter net earnings grew to $84.9 million, or $1.35 per share, from $77.9 million, or $1.17 per share, in the prior-year quarter. According to non-GAAP basis, quarterly earnings per share amounted to $113.6 million, or $1.80 per share. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $1.27 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked net sales of $1.10 billion for the latest quarter, flat with last year. Analysts estimated revenues of $1.09 billion for the quarter.
Looking ahead, the company confirmed its fiscal 2013 adjusted earnings per share outlook at $6.75 - $7.00, while 13 analysts project full-year earnings of $6.81 per share.
On a GAAP basis, the company's earnings per share view is now in the range of $5.60 - $5.90, inclusive of both the estimates for pre-tax restructuring savings and pre-tax restructuring costs noted above, and includes the pension curtailment gain recorded in the first quarter of 2013. Earlier, GAAP earnings per share expectation was $5.60 - $6.10 for the year.
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