News

Rayovac Announces Third-Quarter 2004 Results

July 21, 2004 by Jeff Shepard

Rayovac Corp. (Madison, WI) announced fiscal 2004, third-quarter diluted earnings per share of $0.36 and pro-forma diluted earnings per share of $0.39, in line with first-call consensus estimates. The results compare to diluted earnings per share of $0.09 and pro-forma diluted earnings per share of $0.31 for the comparable prior-year period.

Third-quarter net sales were $308.3 million, compared to $207.7 million for the same period last year, representing an increase of $100.6 million, or 48%. Operating income increased to $37.5 million compared with $12 million for the same period last year. Pro-forma operating income was $39.2 million, an increase of $15.4 million, or 65%, as compared to the $23.8 million reported last year.