Energizer Holdings (ENR) Tops Q3 EPS by 1c, Beats on Revenues
Energizer Holdings (NYSE: ENR) reported Q3 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $392.8 million versus the consensus estimate of $389.16 million.
"By focusing on our strategic initiatives, we built on our momentum from the first half of fiscal 2018 and delivered solid operating results in the third quarter," said Alan Hoskins, Chief Executive Officer. "Strong organic sales were driven by distribution gains and the continued benefit of pricing actions and our portfolio optimization. In addition, we continued to make progress towards closing and preparing to integrate our acquisition of the global battery and portable lighting business from Spectrum Brands, and added scale to our Auto Care business with our acquisition of Nu Finish. Our strong performance and strategic acquisitions will continue to drive our success and support our commitment to delivering long-term value for our shareholders."
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