Edgewell Personal Care Company (formerly known as Energizer Holdings, Inc.) has completed the spin-off of its household products business.
Edgewell's combined household and personal care third quarter adjusted net earnings per diluted share totaled $1.17, down 19.9% compared to $1.46 the prior year, primarily due to its increased investment in advertising and sales promotions and currency and tax issues.
"Our goals coming into the quarter were to successfully complete the spin-off of the household products business, to continue to deliver great products to our customers and consumers and to meet our financial commitments in the quarter," said David Hatfield, CEO. "We accomplished all of these goals ... The teams did a terrific job executing this very complex split of the two companies, while delivering solid financial results."