More on Energizer's FQ4

• Energizer Holdings (NYSE:ENR -1.7%) reports organic sales rose 1.7% in FQ4 due primarily to net distribution and space gains, pricing actions and timing of holiday shipments.
• North America sales increased 13.3% to $255.4M.
• Latin America sales declined 4.4% to $24.1M.
• EMEA sales slipped -0.7% to $82.4M.
• Asia Pacific sales grew 7.6% to $70.5M.
• Adjusted gross margin rate dropped 140 bps to 45.2%.
• Adjusted SG&A expense rate improved 80 bps to 21.5%.
• FY2017 Guidance: Net sales: to be up mid-single digits; Organic sales: flat to up low-single digits; Gross margin rate: +50 to +100 bps; SG&A expense rate: 19% to 20%; Tax rate: 30% to 31%; Adjusted EPS: $2.55 to $2.75; Free cash flow: exceed $180M; Capex: $30M to $35M.