Energizer Holdings (NYSE: ENR) reported Q2 EPS of $1.97, $0.23 better than the analyst estimate of $1.74. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.02 billion.

Updated Financial Outlook Assumptions Through June 30, 2015

The Company has updated the below assumptions related to its financial outlook for the first nine months of fiscal 2015. All comparisons are with the nine months ended June 30, 2014, unless otherwise stated.

• Total Company organic net sales are expected to be down low-single digits
  • Personal Care organic net sales are expected to be flat
  • Household Products organic net sales are expected to be down low-single digits
• Gross margin rates are estimated to increase slightly due to restructuring savings
• A&P as a percent of net sales is expected to increase over 150 basis points
• 2013 restructuring project savings in excess of $315 million are expected to be realized by June 30, 2015
• Unfavorable movement in foreign currencies is expected to result in a negative pre-tax profit impact of approximately $65 to $70 million, an increase of $5 million versus our prior estimate
• The Company's future operating results for its Venezuela operations will be removed from consolidated results. Prior year third fiscal quarter net sales and segment profit for Venezuela operations were $14.4 million and $5.6 million, respectively.

"We delivered solid second quarter adjusted net earnings per diluted share results despite significant currency headwinds," said Ward M. Klein, Chief Executive Officer. "Strong shipments of our new battery product launch, EcoAdvanced™, and continued favorability from cost savings initiatives helped drive our second fiscal quarter results."

Mr. Klein continued, "We are quickly approaching the targeted July 1 spin-off date and are in the process of finalizing several key decisions related to the transaction. Even with the tremendous amount of work that our colleagues across the globe are performing in preparation for the split, the organization has remained focused on delivering our fiscal 2015 financial plan. I have been truly impressed by the entire organization's focus, determination and perseverance throughout the entire process. I am proud to have led these combined Companies and believe both are destined for future success."

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