Energizer Holdings, Inc. (NYSE:ENR) reported net income of $ 1.50 million or per share of $ 0.02 for the fourth quarter.
The company delivered net sales of $ 457.20 million for the same period representing year-over-year decline of 2 percent that fell shy of street analysts expectation by $ 2 million.
However, on an adjusted basis, Energizer Holdings reported Non-GAAP adjusted income of $ 0.83 a share for the same period that exceeded market expectations.
Analysts polled by Thomson Reuters expected Energizer Holdings, Inc. to report income of $ 0.81 per share on revenue of $ 459.68 million for the fourth quarter. Analysts estimate normally exclude one time gain or loss.
In our third full year as a stand-alone company, we continued to deliver strong results across a number of key metrics, including organic revenue, adjusted earnings per share and adjusted free cash flow growth, said Alan Hoskins, Chief Executive Officer.