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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
81
(22) Quarterly Financial Information - (Unaudited)
The fourth quarter of fiscal 2015 was the first quarter post spin and represents the actual results of the Company as an
independent public company. Operations for the first three quarters of fiscal 2015 as well as all four quarters from fiscal 2014
include allocations from Edgewell and may not be representative of the Company's results if it would have been a stand alone
company during those periods.
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. Per share data is 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 2015 First Second Third Fourth
Net sales $ 501.3 $ 356.9 $ 374.3 $ 399.1
Gross profit 233.8 168.5 170.8 183.1
Net earnings/(loss) 61.7 (69.2) (19.6) 23.1
Earnings/(loss) per share:
Basic (1) $ 0.99 $ (1.11) $ (0.32) $ 0.37
Diluted (1) $ 0.99 $ (1.11) $ (0.32) $ 0.37
Items decreasing/(increasing) net earnings:
Venezuela deconsolidation $ — $ 65.2 $ — $ —
Spin costs 14.6 15.2 25.0 13.9
Spin restructuring 0.7 15.6 7.9 2.8
Cost of early debt retirement — — 16.7 —
Restructuring (6.1) 0.3 12.4 (0.1)
Integration 0.3 0.4 0.3 0.2
Adjustments to prior year tax accruals — — (2.6) (1.4)
Fiscal 2014 First Second Third Fourth
Net sales $ 568.6 $ 373.4 $ 411.7 $ 486.7
Gross profit 261.6 161.8 192.3 234.7
Net earnings 58.0 16.5 36.3 46.5
Earnings per share:
Basic (1) $ 0.93 $ 0.27 $ 0.58 $ 0.75
Diluted (1) $ 0.93 $ 0.27 $ 0.58 $ 0.75
Items decreasing net earnings:
Spin costs — — 2.6 13.9
Restructuring 13.8 13.3 2.2 4.8
(1) On July 1, 2015, Edgewell distributed 62.2 million shares of Energizer Holdings, Inc. common stock to Edgewell shareholders in
connection with its spin-off of Energizer Holdings, Inc. See Note 1, Description of Business and Basis of Presentation, to the Consolidated
Financial Statements for more information. Basic and diluted earnings per common share and the average number of common shares
outstanding were retrospectively restated for the number of Energizer Holdings, Inc. shares outstanding immediately following this
transaction.