Energizer Holdings Inc. announced that they anticipate more layoffs due to likely decreases in sales volume, and that they will detail those changes by early June.

Energizer Holdings Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net sales of $1,095.9 million compared to $1,101.8 million a year ago. Earnings before income taxes were $113.0 million compared to $113.0 million a year ago. Net earnings were $84.9 million or $1.35 per diluted share compared to $77.9 million or $1.17 per diluted share a year ago. Adjusted net earnings were $113.6 million or $1.80 per diluted share compared to $80.8 million or $1.22 per diluted share a year ago. Capital expenditures were approximately $23 million and depreciation expense was approximately $36 million inclusive of approximately $6 million of accelerated depreciation on assets currently in operation at certain facilities, which will be impacted by 2013 restructuring initiatives. For the six months, the company reported net sales of $2,288.4 million compared to $2,299.9 million a year ago. Earnings before income taxes were $301.7 million compared to $321.4 million a year ago. Net earnings were $214.7 million or $3.42 per diluted share compared to $221.7 million or $3.33 per diluted share a year ago. Adjusted net earnings were $251.7 million or $4.01 per diluted share compared to $217.9 million or $3.27 per diluted share a year ago. Capital expenditures were approximately $38 million and depreciation expense was approximately $73 million, inclusive of approximately $10 million of accelerated depreciation on assets currently in operation at the same impacted facilities. The company's financial outlook for adjusted, diluted earnings per share remains in the range of $6.75 to $7.00 for fiscal 2013. This outlook includes estimated gross pre-tax 2013 restructuring savings of $50 to $60 million for fiscal 2013, which is a substantial increase as compared to previous estimate of $25 to $35 million in fiscal 2013, as savings realization has occurred somewhat faster than expected in the early stages of restructuring. The company expects total A&P spending to increase in the back half of fiscal 2013 as compared to the first half of fiscal 2013 and as compared to the back half of the prior year. On a GAAP basis, the company's financial outlook for GAAP diluted earnings per share is in the range of $5.60 to $5.90, inclusive of both the estimates for pre-tax restructuring savings and pre-tax restructuring costs noted and include the pension curtailment gain recorded in the first fiscal quarter of 2013. This is a more narrow range as compared to the previous outlook range of $5.60 to $6.10, as the company has a clearer estimate of the timing of restructuring costs in fiscal 2013 and restructuring activities have moved somewhat faster than expectations in the early stages of the project. The company is reaffirming its outlook for fiscal 2013 of $6.75 to $7 per adjusted earnings per share. For the remainder of fiscal 2013, it estimates that its effective tax rate, excluding unusual, will be approximately 30%.

Energizer Holdings Inc. announced that its board of directors has declared a dividend for the third quarter of its fiscal 2013 of $0.40 per share of Common Stock, payable on June 11, 2013 to all shareholders of record as of the close of business on May 21, 2013.