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.
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