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Energizer Volatile After Q4 Earnings Report

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Energizer Holdings, Inc. (NYSE: ENR) announced results Wednesday for the full fiscal year and the fourth fiscal quarter, which ended September 30, 2014.

Shares spiked and were volatile Wednesday morning after the announcement.

For the fourth quarter, revenue came in at $1.14 billion, higher than the estimates of $1.12 billion.

Adjusted net earnings per diluted share were $1.87, above estimates of $1.61 and an increase of 35.5 percent from the year-ago period.

Net earnings per diluted share were $1.36, a decrease of 18.1 percent as compared to the prior year fourth fiscal quarter.

For the full fiscal year, the company reported adjusted net earnings per diluted share of $7.32, an increase of 5.2 percent compared to the prior fiscal year and net earnings per diluted share of $5.69, down 12.1 percent as compared to the prior fiscal year.

"Fiscal 2014 was an eventful year for Energizer Holdings, and one that will set the tone for our businesses into the future," said Ward M. Klein, Chief Executive Officer. "We continued to make excellent progress with our 2013 restructuring project, achieved record results on our working capital initiative, successfully integrated the feminine care brands acquisition and announced plans to spin-off the Household Products business thereby creating two stand-alone businesses effective July 1, 2015. In addition, we delivered our adjusted earnings per share goals while significantly increasing our level of investment in our brands," continued Klein.

Energizer recently traded at $125.58, up 0.68 percent.

 

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