Energizer Holdings Inc. (ENR) has announced an impressive increase in its earnings for the fourth quarter, outperforming Wall Street expectations. The company reported net earnings of $47.6 million, equivalent to $0.65 per share, a significant increase from the $19.7 million, or $0.27 per share, noted in the same quarter of the previous year.
On an adjusted basis, which excludes special items, Energizer Holdings posted earnings of $89.3 million or $1.22 per share. This result surpassed the consensus forecast from analysts polled by Thomson Reuters, who anticipated earnings of $1.17 per share.
Despite the earnings growth, Energizer Holdings experienced a slight decrease in revenue for the quarter, with total sales declining by 0.7% to $805.7 million, compared to $811.1 million in the prior year.
Key financial performance metrics for Energizer Holdings Inc. under Generally Accepted Accounting Principles (GAAP) are as follows:
- Fourth Quarter Earnings: $47.6 million, up from $19.7 million in the previous year.
- Earnings Per Share (EPS) for Q4: $0.65, compared to last year’s $0.27.
- Revenue for Q4: $805.7 million, a slight decrease from last year’s $811.1 million.
Looking ahead, the company has provided guidance for the next quarter's EPS, projecting it to be in the range of $0.60 to $0.65.
