Energizer Reports Improved Profit in Q3

Energizer Holdings ENR, today announced results of its third quarter ended June 30, 2010. Net earnings for the quarter were $104.0 million, or $1.47 per diluted share, versus net earnings of $72.7 million, or $1.13 per diluted share in the third fiscal quarter of 2009. Third quarter earnings per share were negatively impacted by $0.15 per diluted share as compared to the prior year quarter resulting from higher average shares outstanding due to the May 2009 equity issuance. In addition the current quarter includes the following: -a gain of $5.7 million after-tax, or $0.08 per diluted share, due primarily to a translation gain on the value of the company's net monetary assets in Venezuela under highly inflationary accounting; -a favorable adjustment of $3.7 million, or $0.05 per diluted share related to prior year tax provisions; and -charges related to other business realignment and integration activities of $0.9 million after-tax, or $0.01 per diluted share.