Energizer(ENR) reported earnings on Thur 15 Nov 18 (b/o)

** charts after earnings **

 

Energizer beats by $0.02, reports revs in-line; guides FY19 EPS above consensus

• Reports Q4 (Sep) earnings of $0.83 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.81; revenues fell 1.7% year/year to $457.2 mln vs the $459.64 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY19, sees EPS of $3.40-3.50, excluding non-recurring items, vs. $3.40 S&P Capital IQ Consensus.
• FY19 Guidance details: Net Sales on a reported basis are expected to be up low single digits (Capital IQ consensus -- roughly unchanged YoY). Organic net sales are expected to be up low single digits; Nu Finish acquisition is expected to contribute 30 to 40 basis points of net sales growth; Argentina is expected to be a headwind of 30 basis points due to the high inflation; Unfavorable movements in foreign currency, excluding Argentina, are expected to negatively impact net sales by 1.0% to 1.5% based on current rates.