Energizer 2010 Annual Report Download - page 23

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ENERGIZER HOLDINGS, INC.
(Dollars in millions, except per share and percentage data)
13
modified as a result of changes in our plans, changes in legal requirements, including any
requirements related to global climate change, or other factors.
Certain of Energizer’s products are subject to regulation under the Federal Food, Drug and
Cosmetic Act and are regulated by the U.S. Food and Drug Administration (“FDA”).
The FDA is currently considering a monograph that would set testing requirements and labeling
standards for sunscreen products. It is anticipated that the FDA may take action on this matter
in the near future. If implemented, the monograph would likely result in new testing
requirements and revised labeling for the Banana Boat and Hawaiian Tropic product lines, as
well as competitors’ products, within a certain limited period of time after issuance. Energizer is
not able to estimate the costs of complying with these changes at this time.
Available Information
Energizer regularly files periodic reports with the Securities and Exchange Commission
(“SEC”), including annual reports on Form 10-K and quarterly reports on Form 10-Q, as well as,
from time to time, current reports on Form 8-K, and amendments to those reports. The SEC
maintains an Internet site containing these reports, and proxy and information statements, at
http://www.sec.gov. These filings are also available free of charge on Energizer’s website, at
www.energizer.com, as soon as reasonably practicable after their electronic filing with the SEC.
Information on Energizer’s website does not constitute part of this Form 10-K.
Other Matters
Additional descriptions of the business of Energizer in response to Item 1, and the summary of
selected financial data appearing under “ENERGIZER HOLDINGS, INC. - MANAGEMENT’S
DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL
CONDITION and appearing under “ENERGIZER HOLDINGS, INC. – NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS – Note 17 – Segment Information,” are included
in Exhibit 13 attached hereto and incorporated herein by reference. This information will also
appear in the Energizer Holdings, Inc. 2010 Annual Report.
Item 1A. Risk Factors.
The following risks and uncertainties could materially adversely affect our business, results of
operations, consolidated financial condition and cash flows. Energizer may amend or
supplement the risk factors described below from time to time by other reports it files with the
SEC in the future.
Energizer faces risks associated with global economic conditions.
In general, Energizer’s financial results can be significantly affected by negative economic
conditions, inflationary or deflationary pressures, high labor or material and commodity costs,
and unforeseen changes in consumer demand or buying patterns. These general risks were
heightened recently as economic conditions globally deteriorated significantly and the recovery
in most developed markets remains sluggish. Such economic conditions could have potentially
significant impacts on employment levels and consumer demand in many countries where
Energizer operates, with a direct impact on our sales, profitability and our ability to generate
sufficient internal cash flows or access credit at reasonable rates in order to meet future
operating expenses, fund capital expenditures or repay debt as it becomes due.