Alberto Culver Reports Fourth Quarter EPS $.46

 Alberto Culver Company ACV today announced results for its fourth quarter and fiscal year 2010 ended September 30, 2010.

Fourth Quarter

• Net sales for the fourth quarter increased 12.1% to $431.9 million compared to $385.2 million in the prior year quarter.  On an organic basis, which excludes the effect of foreign currency fluctuations and acquisitions and divestitures, sales increased 4.9% in the current quarter.
• Diluted earnings per share from continuing operations increased 28.1% to 41 cents in the fourth quarter compared to 32 cents in the prior year quarter.  Excluding restructuring and discrete items, diluted earnings per share from continuing operations increased 39.4% to 46 cents compared to 33 cents in the prior year quarter.
  • The current and prior year quarters include approximately 4 cents per share and 3 cents per share, respectively, of tax benefits resulting from intercompany dividend payments.