Energizer Holdings, Inc. Announces Fourth Quarter EPS of $1.20

Energizer Holdings, Inc., ENR, today announced results of its fourth quarter ended September 30, 2010.  Net earnings for the quarter were $84.8 million, or $1.20, per diluted share, versus net earnings of $37.1 million, or $0.53 per diluted share in the fourth fiscal quarter of 2009. The current quarter includes the following:

• Income:
  • a foreign tax benefit and favorable adjustments to prior years' tax provisions of $23.5 million and $2.4 million, respectively, or $0.36 per diluted share, and
  • a benefit of $2.8 million after-tax, or $0.04 per diluted share, due primarily to a favorable tax benefit related to the Venezuela devaluation.
• Charges:
  • charges related to other business realignment and integration activities of $0.8 million after-tax, or $0.01 per diluted share.