Energizer Holdings' 30 percent profit increase in the first fiscal quarter was bolstered by a 2010 acquisition and growth in its razor and skin care product sales.
Town and Country-based Energizer reported a $143.8 million profit in the quarter ended Dec. 31, or $2.15 a share, up from a $110.4 million, or $1.55 a share, a year earlier.
The company's sales in the first quarter were boosted by its acquisition of the American Safety Razor in November 2010. Due to the timing of the acquisition, only one month's sales from American Safety Razor were reflected in Energizer's first quarter results a year ago, versus a full quarter of sales in the first quarter of fiscal 2012.
The company's net sales in the first quarter totaled $1.2 billion, an increase of 1.8 percent compared to a year ago.
Sales in Energizer's wet shave and personal care product categories, which includes Schick Hydro razors and Hawaiian Tropic and Banana Boat sunscreens, increased in the first quarter compared to a year ago.
Alkaline batteries, lighting products, feminine care and infant care sales all declined in the first quarter.
"We continue to see battery category volume softness," CEO Ward Klein said in a conference call with analysts Wednesday morning.
To offset rising commodity costs, Energizer raised prices of alkaline and carbon zinc batteries in the U.S. by 6.7 percent.
Due to economic uncertainty in Europe and increased volatility in currencies, Energizer reduced its guidance for earnings growth for fiscal 2012 to between $6 and $6.20 a share.
Read more from Lisa Brown, who covers banking, consumer products and legal affairs for the Post-Dispatch. Follow her on Twitter @lisabrownstl and the Business section @postdispatchbiz.





