{"id":20795,"date":"2014-04-30T11:30:43","date_gmt":"2014-04-30T15:30:43","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20795"},"modified":"2014-04-30T11:30:43","modified_gmt":"2014-04-30T15:30:43","slug":"energizer-holdings-inc-nyseenr-to-split-into-two-companies","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/energizer-holdings-inc-nyseenr-to-split-into-two-companies-20795","title":{"rendered":"Energizer Holdings, Inc. (NYSE:ENR) To Split Into Two Companies"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/30\/2014 (wallstreetpr) &#8211;\u00a0<b>Energizer Holdings, Inc. (NYSE:ENR)<\/b> is planning to split into two companies after years of operating as a single consumer products conglomerate mired with the buying of many brands. One of the companies after splitting will contain the company\u2019s household products like Energizer and Eveready with the other one expected to house personal care offerings such as Schick razors and Hawaiian Tropic.<\/p>\n<p style=\"text-align: justify;\"><b>\u00a0Split to Guarantee Proper Focus ON Brands <\/b><\/p>\n<p style=\"text-align: justify;\">The latest move by Energizer Holdings, Inc. (NYSE:ENR) \u00a0is a clear indication of how companies are trying to improve their shareholder value by disposing of off non-core assets and focusing on entities sure to guarantee better returns in the market. The split is also aimed at ensuring proper attention is given to the entities to ensure proper returns.<\/p>\n<p style=\"text-align: justify;\">\u00a0This marks the first evolution for Energizer Holdings, Inc. (NYSE:ENR) \u00a0which became independent after being spun off by Ralston Purina 14 years ago. Since 2000, energizer has been able to build two successful divisions with each one of them realizing full potential as an independent entity. Energizer as a result of the split expects its household products to be well positioned to generate a significant amount of cash flow.<\/p>\n<p style=\"text-align: justify;\">\u00a0The separation will see Mr. Klein becoming the Chairman of the personal care company with David Hatfield taking over as the unit CEO. J Patrick Mulcahy is expected to take over as the household products company CEO with Alan Hoskins assuming the role of chief executive.<\/p>\n<p style=\"text-align: justify;\"><b>Q2 Earnings Up by 16.76%<\/b><\/p>\n<p style=\"text-align: justify;\">\u00a0Reports on a split come as the company reports a 16.3% increase in its earnings per share that came in at $1.57. The impressive results have already caused the company\u2019s stock to surge in the market by highs of 16.76%. Net earnings for the quarter were in line with the company\u2019s estimates. Cost optimization continues to provide the company with the much needed financial flexibility that is currently offsetting top line challenges.<\/p>\n<p style=\"text-align: justify;\">\u00a0Net sales for the quarter were down by 3.1%\u00a0 as a result of loss of two distribution retail customers in the U.S. Unfavorable foreign currency rates also continue to hurt the company\u2019s cash balances. Gross margin for the quarter as a result, was down by 60 basis points to 47.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/30\/2014 (wallstreetpr) &#8211;\u00a0Energizer Holdings, Inc. (NYSE:ENR) is planning to split into two companies after years of operating as a single consumer products conglomerate [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":20798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6230,6231],"stock_ticker":[],"class_list":["post-20795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-energizer-holdings-inc-nyseenr","tag-nyseenr","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Energizer Holdings, Inc. 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