Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Energizer lifts profit forecast * Buoyed by strong second-quarter earnings, Energizer Holdings on Wednesday raised its profit forecast for the full year.

The Town and Country-based battery maker reported net earnings of $46.9 million, or 75 cents per diluted share, for the period ended March 31. That compared favorably to $16.4 million, or 26 cents, in the year-earlier period. Net sales rose 7.5 percent to $359 million.

CEO Alan Hoskins, citing the strong results, said the company raised its full-year adjusted earnings per share outlook from $2.55-$2.75 to $2.75 to $2.85.

Energizer shares fell 97 cents to close at $56.50 on Wednesday.

Belden earnings up 56 percent * Belden Inc. on Wednesday said earnings and revenue both nudged slightly higher in its first quarter.

The Clayton-based maker of cable, connectivity and networking products reported net income of $25.7 million, or 40 cents per diluted share, for the period ended April 2. That compared favorably to $16.5 million, or 39 cents, in the year-earlier period. Revenue rose 1.4 percent to $551.4 million.

Belden shares rose $3.97 to close at $72.82 on Wednesday.

Spire reports jump in profits on growing revenue * Spire Inc. on Wednesday reported higher fiscal second-quarter earnings and revenues.

Net income was $108 million, or $2.36 per diluted share, in the period ended March 31. That compared favorably to net income of $100.8 million, or $2.31, in the year-earlier period.

Operating revenue rose nearly 9 percent to $663.4 million.

The St. Louis-based utility holding company, formerly known as Laclede Group, serves markets in Missouri, Alabama and Mississippi.

The Spire board of directors declared a quarterly common stock dividend of 52 cents per share, payable July 5 to shareholders of record on June 12, Spire said.

Its shares rose 25 cents to close at $68.30 on Wednesday. …

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