Energizer (ENR) Reports Better-Than-Expected Q4 Earnings
Energizer Holdings, Inc. ENR reported strong fiscal fourth-quarter 2017 results. Adjusted earnings of 54 cents per share and revenues of $465.1 million comfortably beat the Zacks Consensus Estimate of 48 cents and $436.4 million, respectively.
The year-over-year revenue growth was boosted by increased organic net sales of 7.5% (including of hurricane volumes). Excluding hurricane volumes, organic revenues rose 3% year over year, added the company.
Batteries revenues grew 9.2% year over year to $409.4 million while revenues from Other segment fell 3% to $55.7 million.
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