Energizer Holdings (ENR) Tops Q1 EPS by 28c, Issues Solid Outlook

Energizer Holdings (NYSE: ENR) reported Q1 EPS of $1.51, $0.28 better than the analyst estimate of $1.23. Revenue for the quarter came in at $559.6 million versus the consensus estimate of $523.15 million.

GUIDANCE:

Energizer Holdings sees FY2017 EPS of $2.55-$2.75, versus the consensus of $2.62.

"We delivered a strong start to the fiscal year as a result of distribution and space gains, incremental holiday activity and the benefit of storm volumes," said Alan Hoskins, Chief Executive Officer. "In addition, our focused efforts behind productivity improvements resulted in an increased gross margin rate and improved SG&A as a percent of net sales as compared to the prior year. We continue to execute on our strategic priorities and have maintained our full year adjusted earnings per share outlook of $2.55 to $2.75 per share, despite increasing headwinds from unfavorable currency impacts."

For earnings history and earnings-related data on Energizer Holdings (ENR) click here.

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