Energizer Q2
This article was originally published in The Rose Sheet
Executive Summary
Firm's blade and razor sales were flat at $214.3 mil. in fiscal Q2 (ended March 31), and segment profit decreased $1.7 mil. to $28.3 mil., Energizer reports April 28. The division's sales included $18.4 mil. of pipeline fill for the new Quattro women's razor, and a $6.9 mil. positive contribution from currency. Energizer net sales increased 6.1% to $629 mil., while earnings increased 7.9% to $57.6 mil. Results include $7.6 mil. of reductions to 2004 tax accruals and previously unrecognized tax benefits from foreign losses, firm adds...