FX.co ★ Energizer Holdings Inc. Q2 Profit Decreases, but beats estimates

In its recent report, Energizer Holdings Inc. (ENR) disclosed a decline in profits for the second quarter of the year compared to the same period last year, although their performance still surpassed market predictions.

The conglomerate reported a reduction in net income to $32.4 million, equating to $0.45 per share. This demonstrates a decrease from last year's second quarter, during which they achieved a net profit of $40.0 million, or $0.55 per share.

When factoring out one-time items, the adjusted earnings reported by Energizer Holdings Inc. amounted to $52.1 million or $0.72 per share for the quarter. This outperformed the average analyst prediction of a $0.67 earning per share, as gathered by Thomson Reuters. It is worth noting that such forecasted statistics typically avoid inclusion of extraordinary elements.

On the revenue side, the company experienced a slight downturn, witnessing an approximately 3.0% drop to $663.3 million from $684.1 million during the same period last year.

When using the GAAP numbers for a snapshot of the earnings, the following summary can be drawn: Earnings for the second quarter amounted to $32.4 million compared to $40.0 million last year. This translated to an EPS of $0.45 for this quarter against $0.55 last year, and revenues contracted to $663.3 million from $684.1 million recorded previously.

Looking ahead, Energizer Holdings Inc. projects the EPS for the next quarter to fall within the range of $0.62 to $0.68. For the entirety of the year, they expect to achieve an EPS somewhere between $3.10 to $3.30.