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ENERGIZER HOLDINGS, INC.
Notes to Consolidated Financial Statements
(Dollars in millions, except per share and percentage data)
44 ENR 2006 ANNUAL REPORT
Design: Falk Harrison Creative, St. Louis, Missouri
20. Quarterly Financial Information – (Unaudited)
The results of any single quarter are not necessarily indicative of the Company’s results for the full year. Net earnings of the Company are signifi-
cantly impacted in the first quarter by the additional battery product sales volume associated with the December holiday season.
FIRST SECOND THIRD FOURTH
Fiscal 2006
Net sales $ 882.4 $ 629.5 $ 734.9 $ 830.1
Gross profit 431.4 307.8 357.4 384.2
Net earnings 120.5 50.0 51.3 39.1
Basic earnings per share $ 1.83 $ 0.81 $ 0.86 $ 0.68
Diluted earnings per share $ 1.77 $ 0.78 $ 0.83 $ 0.66
Items increasing/(decreasing) net earnings:
Restructuring and related charges (3.1) –(7.9) (13.9)
Adjustments to prior years’ tax accruals ––8.6 2.3
Foreign benefits related to prior years’ losses –––5.7
Foreign pension charge –––(3.7)
Fiscal 2005
Net sales $ 875.9 $ 629.0 $ 691.2 $ 793.7
Gross profit 445.4 319.2 339.2 373.9
Net earnings 120.4 56.2 52.3 51.8
Basic earnings per share $ 1.67 $ 0.79 $ 0.74 $ 0.75
Diluted earnings per share $ 1.60 $ 0.76 $ 0.71 $ 0.72
Items increasing/(decreasing) net earnings:
Adjustments to prior years’ tax accruals – 6.4 2.2 2.0
Foreign benefits related to prior years’ losses – 1.2 11.2 2.3
Repatriation of foreign earnings under AJCA – – (9.0) –
Restructuring and related charges – – – (3.7)