During Friday’s Morning trade, Shares of Energizer Holdings, Inc. (NYSE:ENR), gained 0.53% to $36.27.
Energizer Holdings, declared results for the fourth fiscal quarter and full fiscal year, which ended September 30, 2015. For the fourth fiscal quarter, net earnings were $23.1 million, or $0.37 per diluted share, contrast to net earnings of $46.5 million, or $0.75 per diluted share, in the preceding year fourth quarter. Adjusted net earnings in the fourth quarter were $38.5 million, or $0.61 per diluted share, contrast to adjusted net earnings of $65.2 million, or $1.05 per diluted share. Results in the quarter were negatively affected by foreign currency impacts, the deconsolidation of Venezuela and the decline in organic net sales, principally due to the timing of holiday shipments and preceding year temporary promotional shelf gains.
For the year, the Company stated a net loss of $4.0 million, or a loss of $0.06 per share, contrast with net earnings of $157.3 million, or $2.53 per diluted share. Adjusted net earnings for the current fiscal year were $177.3 million, or $2.82 per diluted share, contrast to $207.9 million in the preceding fiscal year, or $3.35 per diluted share.
“Fiscal 2015 was a transformational year for the new Energizer. We delivered solid results while executing a very complex spin-off transaction and facing unprecedented foreign currency headwinds that had a noteworthy impact on our top and bottom lines,” said Alan Hoskins, Chief Executive Officer. “Despite these challenges, the underlying fundamentals of the business are improving as we continue to see signs of stabilization within the battery category and we raised our value market share in the latest 52 weeks. In addition, we accomplished our 2013 restructuring initiatives and continue to find ways to reduce costs. I am extremely proud of the organization and confident in the direction we are headed as a stand-alone company.”
Energizer Holdings, Inc. manufactures and markets primary batteries and portable lighting products under the Energizer and EVEREADY brands worldwide. The company offers lithium, performance alkaline, alkaline, carbon zinc, silver zinc, zinc air, nickel metal hydride, nickel cadmium, and lithium io
Shares of Just Energy Group Inc. (NYSE:JE), declined -0.24% to $6.27, during its current trading session.
Just Energy Group, declared results for its second quarter fiscal 2016.
Key Fiscal 2016 Second Quarter Highlights:
- Sales of $1,087.3 million for the second quarter of fiscal 2016, an improvement of 18% from $918.3 million in the second quarter of fiscal 2015.
- Gross Margin of $167.2 million an improvement of 26% year over year, driven by the successful implementation of a margin per customer improvement initiative.
- Base EBITDA of $45.7 million, an improvement of 44% year over year.
- Payout ratio on Base Funds from ongoing operations was 50% for the second quarter, a noteworthyimprovement from 78% one year ago as a Base Funds from ongoing operations raised by 59% year over year to $37.8 million.
- Cash and cash equivalents were $88.6 million as of September 30, 2015, an improvement of 197% from $29.8 million stated in the same quarter a year ago.
- During the quarter, the Company declared the successful renegotiation of its credit facility, resulting in an improvement of its line of credit to $277.5 million from $210.0 million. The credit facility was also extended for an additional three years through September 1, 2018 under favorable terms. No cash was withdrawn on the facility as of September 30, 2015.
- Long-term debt as of September 30, 2015 was $685.5 million, a decrease of 16% contrast to $811.8 million as of September 30, 2014. Book value net debt was under 3.0x for the trailing 12 month Base EBITDA, significantly improved from 4.3x just one year ago.
- Gross customer additions for the second quarter of fiscal 2016 were 290,000, a decrease of 18% contrast to 354,000 customers added in the second quarter of fiscal 2015. Net additions were 4,000 for the second quarter of fiscal 2016, contrast with 67,000 net customer additions in the second quarter of fiscal 2015.
- Company reaffirms fiscal 2016 Base EBITDA guidance range of $193 million to $203 million. Guidance equates to a 20% year-over-year improvement when adjusted for the change in classification of customer acquisition costs in fiscal 2016.
Just Energy Group Inc., through its auxiliaries, retails electricity, natural gas, and green energy in the United States, Canada, and the United Kingdom. The company operates through Consumer Energy and Commercial Energy segments.
Finally, Shares of Wide Point Corporation (NYSEMKT:WYY), lost -1.49%, and is now trading at $0.660.
WidePoint Corporation, declared financial results for the third quarter ended September 30, 2015.
Recent Business Highlights
- Awarded initial task orders to commence work from one of the three remaining Department of Homeland Security (DHS) component agencies under our $600 million DHS BPA
- Partnered with Bob Day & Associates LLC to pursue new and expanded business opportunities within the Homeland Security and cyber technology markets
- Engaged Deep Water Point to develop, pursue, and expand our federal business reach as we scale our marketing footprint with other departmental-level federal organizations
- Awarded about $6.5 million in new managed mobility services for federal, municipal, and commercial work
- Awarded about $2.3 million, with renewals, in new consulting support work
- Launched New Online Bill Presentment and Analytics Solutions for the Communication Service Provider (CSP) consumer market at Broad Soft Connections 2015
- Continued engagements with DoD and DHS component/agencies for Certificate-on-Device – derived credentialing and other next-generation identity administration services
- Continued development with planned partners of our Certificate-on-Device product roadmap for individuals, derived credentials, machine device credentials, and other “Internet of Things” components; continued consolidation of platforms and integration efforts of our enterprise solutions
Wide Point Corporation provides information technology (IT) based products, services, and solutions worldwide. The company offers expense administration solutions, which provide a range of dash boards and reports to evaluate communications carrier compliance against a contract, and manage communication assets and expenses; identity administration and identity assurance services to protect and defend information and information systems; and Certificate-on-Device solution, a robust cloud-based service that provides secure digital certificates to various mobile devices.