Energizer beats Q2 estimates

ST. LOUIS, Mo. ― Energizer announced its Q2 results this week, with net earnings of $16.4 million, or $0.26 per diluted share, compared to a net loss of $69.2 million, or $1.11 per diluted share, a year ago. Adjusted net earnings in the second quarter were $18.5 million, or $0.30 per diluted share, compared to adjusted net earnings of $27.5 million, or $0.44 per diluted share, in the prior year second quarter. “As a result of this strong performance in the first half of the year, improving foreign currency trends and a more favorable outlook on our effective tax rate, “ said CEO Alan Hoskins, “we are increasing our full year outlook for adjusted earnings per share in the range of $2.15 to $2.25.”