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Wednesday, November 12, 2014

Energizer quarterly profit falls 19 percent, (NYSE: ENR)

Energizer Holdings Inc, the maker of Energizer and Eveready batteries, reported a nearly 19 percent fall in fourth-quarter profit, hurt by restructuring and spinoff costs.The company's net income fell to $85.2 million, or $1.36 per share, in the quarter ended Sept. 30, from $105.1 million, or $1.66 per share, a year earlier.Revenue rose 7.1 percent to $1.14 billion helped by sales of feminine care brands such as Carefree and Stayfree.Energizer, which also makes personal care brands such as Schick razors, is spinning off its struggling household products business, which includes the battery brands.

Energizer Holdings, Inc. (Energizer) is the manufacturer and marketer of primary batteries, portable lighting and personal care products in the wet shave, skin care, feminine care and infant care categories. Shares of ENR fell by 0.23% or $-0.29/share to $124.79. In the past year, the shares have traded as low as $92.02 and as high as $125.81. On average, 453866 shares of ENR exchange hands on a given day and today's volume is recorded at 620652.