|
|
News Breaks | | | | September 18, 2012 | | 09:02 EDT |  | ENR | Energizer announces preliminary results of review of cost structure
Energizer announced that its management team, working closely with independent advisors, has completed its initial assessment of the company's cost structure and operating model undertaken to improve its cost competitiveness and deliver enhanced financial returns. Upon completion, Energizer expects to achieve gross annualized pre-tax cost savings of $175M-$200M. The company expects that 70-80% of the savings will improve profitability, and the remaining portion of the savings will be reinvested to drive long-term growth. Based on its initial analysis, the company estimates one-time charges associated with achieving these benefits to be less than 1.25 times gross annualized savings. Energizer anticipates that modest benefits from these initiatives will begin accruing in the 2H13 and that a substantial portion of the actions necessary to achieve the total savings will be completed by the end of FY14 | |
|
News For ENR From The Last 14 Days Check below for free stories on ENR the last two weeks. |
|
|
| There are no results for ENR |
|
|
|
|
|
|
