Energizer 2011 Annual Report Download - page 93

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share and percentage data)
(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 impacted in the first quarter by the additional battery product sales volume associated with the December holiday
season. Data are computed independently for each of the periods presented. As a result, the sum of the amounts for the quarter
may not equal the total for the year.
Fiscal 2011
Net sales
Gross profit
Net earnings
Basic earnings per share
Diluted earnings per share
Items increasing/(decreasing) net earnings:
Household Products restructuring
Early debt retirement/duplicate interest
ASR transaction costs/integration
Acquisition inventory valuation
Other realignment/integration costs
Venezuela devaluation/other impacts
Valuation allowance, other tax adjustments, prior year
foreign tax benefits
Fiscal 2010
Net sales
Gross profit
Net earnings
Basic earnings per share
Diluted earnings per share
Items increasing/(decreasing) net earnings:
Venezuela devaluation/other impacts
VERO/separation costs
Integration costs
Provisions for restructuring and related costs
Tax benefits - special foreign tax credit
Valuation allowance, other tax adjustments, prior year
foreign tax benefits
First
$ 1,177.1
555.6
110.4
$ 1.56
$ 1.55
$(1.3)
—
(3.8)
(1.7)
(0.2)
(2.3)
—
First
$ 1,176.7
560.2
125.7
$ 1.80
$ 1.78
$(25.5)
—
(1.0)
(3.5)
—
—
Second
$ 1,035.3
471.1
39.1
$ 0.56
$ 0.55
$(30.0)
—
(0.9)
(2.7)
(1.9)
1.0
—
Second
$ 935.1
447.2
88.5
$ 1.27
$ 1.25
$ 2.8
—
(0.6)
(0.5)
—
—
Third
$ 1,234.5
573.0
65.9
$ 0.95
$ 0.94
$(16.9)
(12.5)
(2.5)
—
0.2
—
1.1
Third
$ 1,076.8
517.6
104.0
$ 1.48
$ 1.47
$ 5.7
(0.1)
(0.3)
(0.5)
—
3.7
Fourth
$ 1,198.8
546.0
45.8
$ 0.67
$ 0.67
$(15.3)
(1.9)
(1.2)
—
(0.1)
(0.5)
(10.8)
Fourth
$ 1,059.7
494.3
84.8
$ 1.21
$ 1.20
$ 2.8
0.2
0.1
(1.1)
23.5
2.4
83