Fourth Quarter Strong at Energizer

Energizer Holdings, Inc. posted results for the full fiscal year and the fourth fiscal quarter, which ended Sept, 30, 2014.  For the full fiscal year, the company reported net sales were down slightly at 0.4% to $4.4 billion.
 
For the fourth quarter, net sales increased 7.1% to $1.1 billion. In personal care, net sales jumped 10.5% to $592.5 million; household sales rose 2.8% to $473.6 million.
 
“Fiscal 2014 was an eventful year for Energizer Holdings, and one that will set the tone for our businesses into the future,” said Chief Executive Officer Ward M. Klein.  “We continued to make excellent progress with our 2013 restructuring project, achieved record results on our working capital initiative, successfully integrated the feminine care brands acquisition and announced plans to spin-off the Household Products business thereby creating two stand-alone businesses effective July 1, 2015.” 

For 2015, total company organic net sales are expected to be flat; personal care organic net sales are expected to increase in the low-single digits and household products organic net sales are expected to be down low-single digits in-line with the category.
 
“Looking toward fiscal 2015, we remain committed to investing behind our businesses in order to drive long-term growth and profitability.  In addition, we look to continue our positive momentum with our restructuring efforts and maintain the excellent progress we have made with the working capital initiative.  We believe that our strong finish in fiscal 2014 and the continued execution of our core strategies will position both businesses for future success as stand-alone companies.”