discussion - Accounting
check the attachment Exhibit 99.1 Energizer Holdings, Inc. 533 Maryville University Dr. St. Louis, MO 63141 FOR IMMEDIATE RELEASE Company Contact November 9, 2016 Jacqueline Burwitz Investor Relations 314-985-2169 [email protected] Energizer Holdings, Inc. Announces Fiscal 2016 Fourth Quarter and Full Year Results and Provides Financial Outlook for the Fiscal Year 2017 • Reported net sales increased 8.3\% in the fourth fiscal quarter versus prior year due to increased organic net sales of 1.7\% and the HandStands acquisition which contributed $32.3 million • Diluted EPS was $0.34 in the fourth fiscal quarter compared to $0.37 in the prior year fourth quarter, and Adjusted Diluted EPS was $0.54 compared to $0.61 in the prior year fourth quarter • HandStands operations were included in the full fourth quarter results and were accretive to Adjusted Diluted EPS by $0.05 per share St. Louis —November 9, 2016—Energizer Holdings, Inc. (NYSE: ENR) today announced results for the fourth fiscal quarter and full fiscal year, which ended September 30, 2016. For the fourth fiscal quarter, net earnings were $21.6 million, or $0.34 per diluted share, compared to net earnings of $23.1 million, or $0.37 per diluted share, in the prior year fourth quarter. Adjusted net earnings in the fourth quarter were $33.7 million, or $0.54 per diluted share, compared to adjusted net earnings of $38.5 million, or $0.61 per diluted share. For the year, the Company reported net earnings of $127.7 million, or $2.04 per diluted share, compared with a net loss of $4.0 million, or a loss of $0.06 per diluted share. Adjusted net earnings for the current fiscal year were $144.6 million, or $2.31 per diluted share, compared to $177.3 million in the prior fiscal year, or $2.82 per diluted share. “Fiscal 2016 was a tremendous year for Energizer,” said Alan Hoskins, Chief Executive Officer. “The combination of strong organic sales growth, relentless focus on costs and effective working capital management resulted in strong financial performance. This allowed us to reinvest in our business, return capital to shareholders through dividends and share repurchase, and, on July 1, complete our first acquisition. We believe that we have created a foundation for continued success, and we remain focused on delivering value for our shareholders. Fourth Fiscal Quarter Financial Highlights (Unaudited) The following is a summary of key fourth fiscal quarter results. All comparisons are with the fourth quarter of fiscal 2015 unless otherwise stated. • Net sales were $432.4 million, up 8.3\%: (a) Organic net sales increased 1.7\%, due primarily to net distribution and space gains, pricing actions and timing of promotional shipments in North America. These items were partially offset by the expected reduction in retail inventory levels. Impact of the HandStands acquisition resulted in increased sales of $32.3 million, or 8.1\%. These items were offset by the impact of unfavorable currency of $5.6 million, or 1.5\%. • Gross margin percentage was 43.3\%, down 260 basis points driven in part by an unfavorable movement in currencies. Excluding the impact from currency movements, gross margin percentage declined 190 basis points driven by increased costs of $8.1 million related to the fair market value step up of HandStands inventory due to the acquisition. Excluding these items and the incremental impact of the HandStands acquisition, gross margin decreased 40 basis points driven by increased costs in the quarter as a result of a product enhancements partially offset by favorable commodity costs and other productivity savings. (a) • A&P spending was 7.3\% of sales, an decrease of 100 basis points, or $1.9 million, due to higher prior year spending related to the EcoAdvanced product launch and the timing of current year advertising and promotional activities. • SG&A spending, excluding acquisition and integration costs and spin costs, was approximately $92.8 million, or 21.5\% compared to $89.1 million, or 22.3\% in the prior year. The higher absolute dollar value was due to $3.9 million of additional SG&A related to HandStands operations in the current fourth quarter. The improved percentage comparison versus the prior year quarter reflects the improved top-line performance partially offset by higher compensation related costs. (a) • Spin-off and spin restructuring related charges were $4.6 million in the fourth fiscal quarter. • Acquisition and integration costs associated with the HandStands acquisition were $7.1 million in the fourth fiscal quarter. • Pre-tax income was negatively impacted by the movement in foreign currencies by approximately $6 million in the fourth fiscal quarter. • Adjusted EBITDA was $76.3 million in the quarter. (a) • Dividend payments in the quarter were approximately $15.5 million, or $0.25 per share. • Repurchased approximately 233,000 shares of common stock during the fourth quarter for $10.7 million. (a) See Press Release attachments for additional information as well as the GAAP to Non-GAAP reconciliations. Fiscal 2016 Financial Highlights (Unaudited) The following is a summary of key 2016 fiscal results. All comparisons are with fiscal 2015 unless otherwise stated. • Net sales were $1,634.2 million, up 0.2\%: (a) Organic net sales increased 3.7\%, reflecting net distribution and space gains, pricing actions and timing of promotional shipments in North America. These gains were partially offset by the heightened competitive activity in certain Asia developed markets and the anticipated reduction in retail inventory levels. Impact of the HandStands acquisition resulted in increased sales of $32.3 million, or 2.0\%. These items were offset by the impact of unfavorable currency of $66.9 million, or 4.1\%. • Gross margin percentage was 43.6\%, down 270 basis points driven in part by an unfavorable movement in currencies. Excluding the impact from currency movements, gross margin percentage declined 80 basis points driven by increased costs related to the step up of inventory for the HandStands acquisition of $8.1 million. Excluding these items and the incremental impact of the HandStands acquisition, gross margin decreased 30 basis points driven by planned as well as accelerated discrete productivity initiatives and increased costs in support of innovation launched across our portfolios partially offset by lower commodity and other productivity savings. (a) • A&P spending was 6.3\% of sales, a decrease of 180 basis points, or $29.9 million, due to higher prior year spending related to the EcoAdvanced product launch and the timing of current year advertising and promotional activities. • SG&A spending, excluding acquisition and integration costs and spin costs, was approximately $332.6 million, or 20.4\% compared to $327.1 million, or 20.0\% in the prior year. The higher absolute dollar value was primarily due to $3.9 million of additional SG&A related to HandStands operations in the current fourth quarter. The higher percentage comparison versus the prior year quarter reflects higher compensation related costs and incremental investment spending partially offset by the impact of effective cost management and lower overall pension costs. (a) • Spin-off and spin restructuring related charges were $16.2 million in fiscal 2016. • Restructuring related charges were $4.9 million in fiscal 2016. • Pre-tax income was negatively impacted by the movement in foreign currencies by approximately $52 million. • Income tax rate on a year to date basis was 22.9\% due to the favorable impacts of certain return to provision adjustments related to prior year provision estimates and certain spin related adjustments of approximately $11.4 million. Excluding the impact of all of our Non-GAAP adjustments, the effective tax rate on a year to date basis was 29.8\%. (a) • Adjusted EBITDA was $313.9 million. (a) • Net cash from operating activities on a year to date basis was $190.7 million and Free Cash Flow on a year to date basis was $163.5 million, or 10.0\% of net sales. (a) • Dividend payments were $62.7 million on a year to date basis, or $1.00 per share. • Repurchased approximately 833,000 shares of common stock on a year to date basis for $32.5 million. (a) See Press Release attachments for additional information as well as the GAAP to Non-GAAP reconciliations. Total Net Sales (In millions - Unaudited) Quarter and Twelve Months Ended September 30, 2016 Q4 \% Chg Twelve Months \% Chg Net Sales - FY15 $ 399.1 $ 1,631.6 Organic 6.6 1.7 \% 60.4 3.7 \% Change in Venezuela results — — \% (8.5) (0.5)\% International Go-to-Market — — \% (14.7) (0.9)\% Impact of acquisition 32.3 8.1 \% 32.3 2.0 \% Impact of currency (5.6) (1.5)\% (66.9) (4.1)\% Net Sales - FY16 $ 432.4 8.3 \% $ 1,634.2 0.2 \% **Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures attached. Total net sales increased 8.3\%, or $33.3 million, driven in part by the impact of the HandStands acquisition on July 1, 2016 which contributed net sales of $32.3 million. Organic net sales increased 1.7\% in the quarter due to net distribution and space gains, pricing actions taken in Latin America and timing of promotional shipments in North America. These items were partially offset by anticipated reduction in retail inventory levels. These increases were partially offset by unfavorable currency movements of $5.6 million, or 1.5\%. Total Segment Profit (In millions - Unaudited) Quarter and Twelve Months Ended September 30, 2016 Q4 \% Chg Twelve Months \% Chg Segment Profit - FY15 $ 95.0 $ 391.5 Organic 2.8 2.9 \% 34.6 8.8 \% Change in Venezuela results — — \% (2.5) (0.6)\% International Go-to-Market — — \% 1.7 0.4 \% Impact of acquisition 9.5 10.0 \% 9.5 2.4 \% Impact of currency (3.5) (3.6)\% (46.6) (11.8)\% Segment Profit - FY16 $ 103.8 9.3 \% $ 388.2 (0.8)\% ** Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures attached. Total Segment Profit in the fourth fiscal quarter increased $8.8 million, or 9.3\%, driven primarily by the impact of the HandStands acquisition which contributed an additional $9.5 million to segment profit. These increases were offset by negative currency impact of $3.5 million, or 3.6\%. Organic growth of $2.8 million, or 2.9\%, was driven by the top-line increase explained above and lower A&P spend due to the prior years spending in support of the EcoAdvanced product launch and the timing of current year advertising and promotional activities. These increases were partially offset by increased costs associated with a planned productivity initiative. Financial Outlook Assumptions for Fiscal Year 2017 The Company is providing the below assumptions related to its financial outlook for the fiscal year 2017. All comparisons are with the fiscal year ended September 30, 2016 unless otherwise stated. • Net sales are expected to be up mid-single digits: Organic net sales are expected to be flat to up low-single digits; The incremental impact of the HandStands acquisition is expected to increase net sales by 5\% to 6\%; and Unfavorable movements in foreign currencies are expected to reduce net sales by 0.5\% to 1.0\%, based on current rates. The International go-to-market changes and impact of the deconsolidation of Venezuela results were fully lapped in fiscal year 2016 and will have no impact on our fiscal year 2017 comparisons. • Gross margin rates are expected to improve by 50 to 100 basis points, driven primarily by productivity initiatives. • SG&A as a percent of net sales, excluding integration costs and other unusual items, is expected to improve 50 to 100 basis points and be in the range of 19 to 20 percent. • Pre-tax income is expected to be negatively impacted by the movement in foreign currencies by $5 to $10 million, net of hedge impact, based on current rates. • Income tax rate, excluding integration costs and other unusual items, is expected to be in the range of 30 to 31 percent. • Adjusted EPS for the full fiscal year to be in the range of $2.55 to $2.75, inclusive of approximately $0.15 to $0.20 from the recently acquired HandStands business. • Capital spending is expected to be in the range of $30 to $35 million. • Free Cash Flow is expected to exceed $180 million. • Acquisition and integration costs are expected to be in the range of $5 to $10 million. Webcast Information In conjunction with this announcement, the Company will hold an investor conference call beginning at 10:00 a.m. eastern time today. The call will focus on fourth quarter earnings and the financial outlook for fiscal 2017. All interested parties may access a live webcast of this conference call at www.energizerholdings.com, under Investors and Events and Presentations tabs or by using the following link: https://www.webcaster4.com/Webcast/Page/1192/17830 For those unable to participate during the live webcast, a replay will be available on www.energizerholdings.com, under Investors, Events and Presentations, and Past Events tabs. # # # Forward-Looking Statements. This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, the future sales, gross margins, costs, earnings, cash flows, tax rates and performance of the Company. These statements generally can be identified by the use of forward-looking words or phrases such as believe, expect, expectation, anticipate, may, could, intend, belief, estimate, plan, target, predict, likely, will, should, forecast, outlook, or other similar words or phrases. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. The forward-looking statements included in this document are only made as of the date of this document and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation: • market and economic conditions, including the impact of the United Kingdoms referendum vote and announced intention to exit the European Union at some future date; • the ability to integrate the HandStands business successfully and to achieve the anticipated cost savings and other synergies; • the possibility that other anticipated benefits of the HandStands acquisition will not be realized, including without limitation, anticipated revenues, expenses, margins, cash flows, earnings and other financial results, and growth and expansion of our operations; • market trends in the categories in which we compete; • the success of new products and the ability to continually develop and market new products; • our ability to attract, retain and improve distribution with key customers; • our ability to continue planned advertising and other promotional spending; • our ability to timely execute strategic initiatives, including restructurings, and international go-to-market changes in a manner that will positively impact our financial condition and results of operations and does not disrupt our business operations; • the impact of strategic initiatives, including restructurings, on our relationships with employees, customers and vendors; • our ability to maintain and improve market share in the categories in which we operate despite heightened competitive pressure; • our ability to improve operations and realize cost savings; • the impact of foreign currency exchange rates and currency controls, as well as offsetting hedges; • the impact of raw materials and other commodity costs; • costs and reputational damage associated with cyber-attacks or information security breaches or other events; • our ability to acquire and integrate businesses, and to realize the projected results of acquisitions; • the impact of advertising and product liability claims and other litigation; • compliance with debt covenants and maintenance of credit ratings as well as the impact of interest and principal repayment of our existing and any future debt; and • the impact of legislative or regulatory determinations or changes by federal, state and local, and foreign authorities, including taxing authorities. In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of any such forward-looking statements. The list of factors above is illustrative, but by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Additional risks and uncertainties include those detailed from time to time in our publicly filed documents, including those described under the heading “Risk Factors” in our Form 10-K filed with the Securities and Exchange Commission on November 20, 2015. ENERGIZER HOLDINGS, INC. CONSOLIDATED STATEMENT OF EARNINGS (Condensed) (In millions, except per share data - Unaudited) Quarter Ended September 30, Twelve Months Ended September 30, 2016 2015 2016 2015 Net sales $ 432.4 $ 399.1 $ 1,634.2 $ 1,631.6 Cost of products sold (1) 245.1 216.0 921.8 875.4 Gross profit 187.3 183.1 712.4 756.2 Selling, general and administrative expense (1) 98.5 103.8 352.6 426.3 Advertising and promotion expense 31.4 33.3 102.4 132.3 Research and development expense 7.5 5.8 26.6 24.9 Amortization of intangible assets 2.8 — 2.8 — Venezuela deconsolidation — — — 65.2 Spin restructuring 4.8 3.1 5.8 39.1 Restructuring — 0.8 2.5 9.6 Interest expense (2) 15.2 12.7 54.3 77.9 Other financing items, net 0.6 (6.5) (0.3) (18.4) Earnings before income taxes 26.5 30.1 165.7 (0.7) Income tax provision 4.9 7.0 38.0 3.3 Net earnings/(loss) $ 21.6 $ 23.1 $ 127.7 $ (4.0) Earnings/(loss) per share Basic $ 0.35 $ 0.37 $ 2.06 $ (0.06) Diluted (3) $ 0.34 $ 0.37 $ 2.04 $ (0.06) Dividend per common share $ 0.25 $ 0.25 $ 1.00 $ 0.25 Weighted average shares of common stock - Basic 61.9 62.2 61.9 62.2 Weighted average shares of common stock - Diluted (3) 62.8 62.8 62.5 62.2 (1) See the Supplemental Schedules - Statement of Earnings Reconciliation attached which breaks out the Restructuring, Spin, Inventory step up and Acquisition and integration costs included within these lines.. (2) Includes acquisition bridge loan fees of $1.2 million for the quarter and twelve months ended September 30, 2016 and cost of early debt retirement of $26.7 for the twelve months ended September 30, 2015. (3) For the twelve months ended September 30, 2015, GAAP net earnings/(loss) per share is calculated using basic weighted average share outstanding due to the reported net loss. ENERGIZER HOLDINGS, INC. CONSOLIDATED BALANCE SHEETS (Condensed) (In millions - Unaudited) SEPTEMBER 30, 2016 2015 Assets Current assets Cash and cash equivalents $ 287.3 $ 502.1 Trade receivables, net 196.3 154.6 Inventories 289.2 275.9 Other current assets 122.6 139.3 Total current assets 895.4 1,071.9 Property, plant and equipment, net 201.7 205.6 Goodwill 229.7 38.1 Other intangible assets, net 234.7 76.3 Long term deferred tax asset 64.8 163.1 Other assets 112.2 63.6 Total assets $ 1,738.5 $ 1,618.6 Liabilities and Shareholders Equity Current liabilities Current maturities of long-term debt 4.0 3.0 Note payable 57.4 5.2 Accounts payable 220.3 162.3 Other current liabilities 257.3 290.9 Total current liabilities 539.0 461.4 Long-term debt 981.7 984.3 Other liabilities 247.8 233.0 Total liabilities 1,768.5 1,678.7 Shareholders equity Common stock 0.6 0.6 Additional paid-in capital 194.6 181.7 Retained earnings 70.9 6.9 Treasury stock (30.0) — Accumulated other comprehensive loss (266.1) (249.3) Total shareholders equity (30.0) (60.1) Total liabilities and shareholders equity $ 1,738.5 $ 1,618.6 ENERGIZER HOLDINGS, INC. CONSOLIDATED STATEMENT OF CASH FLOWS (Condensed) (In millions - Unaudited) FOR THE YEARS ENDED SEPTEMBER 30, 2016 2015 Cash Flow from Operating Activities Net earnings/(loss) $ 127.7 $ (4.0) Non-cash restructuring costs 4.9 13.1 Depreciation and amortization 34.3 41.8 Venezuela deconsolidation charge — 65.2 Deferred income taxes 2.5 (7.1) Share based payments 20.4 13.5 Other non-cash charges 13.1 (13.0) Other, net (20.2) (9.4) Changes in assets and liabilities used in operations (Increase)/decrease in accounts receivable, net (9.5) 9.7 Decrease/(increase) in inventories 11.9 (0.1) Decrease in other current assets 9.8 3.5 Increase/(decrease) in accounts payable 43.7 (18.2) (Decrease)/increase in other current liabilities (47.9) 66.8 Net cash flow from operating activities 190.7 161.8 Cash Flow from Investing Activities Capital expenditures (28.7) (40.4) Proceeds from sale of assets 1.5 13.7 Acquisitions, net of cash acquired (344.0) (12.1) Net cash used by investing activities (371.2) (38.8) Cash Flow from Financing Activities Net transfers from Parent and affiliates — (648.8) Cash Proceeds from issuance of debt with original maturities greater than 90 days — 999.0 Payments on debt with maturities greater than 90 days (3.0) (1.0) Increase/(decrease) in debt with maturities 90 days or less 62.2 (12.4) Dividend paid (62.7) (15.5) Deferred finance expense (1.6) (12.1) Purchase of treasury stock (31.8) — Excess tax benefits from share-based payments 1.0 — RSEAs liquidated for taxes (6.2) — Net cash (used by)/from financing activities (42.1) 309.2 Effect of exchange rate changes on cash 7.8 (19.7) Net (decrease)/increase in cash and cash equivalents (214.8) 412.5 Cash and cash equivalents, beginning of period 502.1 89.6 Cash and cash equivalents, end of period $ 287.3 $ 502.1 ENERGIZER HOLDINGS, INC. Supplemental Schedules Introduction to the Reconciliation of GAAP and Non-GAAP Measures For the Quarter and Twelve Months ended September 30, 2016 The Company reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP). However, management believes that certain non-GAAP financial measures provide users with additional meaningful comparisons to the corresponding historical or future period and assist investors in performing analysis consistent with financial models developed by research analysts. Investors should consider non-GAAP measures in addition to, not as a substitute for, or superior to, the comparable GAAP measures. Additionally, we are unable to provide a reconciliation of forward-looking non-GAAP measures due to uncertainty regarding future acquisition and integration costs, restructuring related charges, spin-off related charges, the impact of fluctuations in foreign currency movements and the cost of raw materials. We provide the following non-GAAP measures and calculations, as well as the corresponding reconciliation to the closest GAAP measure in the following supplemental schedules: Segment Profit. This amount represents the operations of our four geographic segments including allocations for shared IT and finance functions. General corporate and other expenses, Global marketing expenses, R&D expenses, interest expense and charges related to the spin-off, restructuring, acquisition and integration have all been excluded from segment profit. Adjusted Earnings Before Taxes, Adjusted Net Earnings and Adjusted Diluted EPS. These measures exclude the impact of the costs related to the Venezuela deconsolidation, spin-off, restructurings, acquisition and integration, cost of early debt retirement, the acquisition fair value inventory step up and adjustments to prior year tax accruals. Organic. This is the non-GAAP financial measurement of the change in revenue, segment profit or other margins that excludes or otherwise adjusts for the impact of our go-to-market initiatives, the change in our Venezuela results from the deconsolidation of those operations, the impact of acquisitions and the impact of currency from the changes in foreign currency exchange rates as defined below: International Go-to-market initiatives. To compete more effectively as an independent company, we increased our use of exclusive and non-exclusive third-party distributors and wholesalers, and decreased or eliminated our business operations in certain countries, consistent with our international go-to-market strategy. In order to capture the impact of these international go-to-market changes and exits, we have separately identified the impact of these changes, which represents the year over year change in those markets since the date of exit. The impact from these changes was fully realized during the third quarter 2016. Change in Venezuela Results. As previously announced, we deconsolidated our Venezuelan subsidiaries on March 31, 2015 and began accounting for our investment in our Venezuelan operations using the cost method of accounting. Subsequent to March 31, 2015, our financial results do not include the operating results of our Venezuelan operations. As a result of the deconsolidation, we have taken the year over year change in Venezuela results and separately identified the impact in our change in sales and segment profit. Impact of acquisition. The Company acquired HandStands on July 1, 2016. This includes the impact the HandStands on going operations contributed to each respective income statement caption. This does not include the impact of acquisition and integration costs or the one time inventory fair value step up costs associated with the HandStands acquisition. Impact of currency. The Company evaluates the operating performance of our Company on a currency neutral basis. The impact of currency is the difference between the value of current year foreign operations at the current period ending USD exchange rate, compared to the value of the current year foreign operations at the prior period ending USD exchange rate. Adjusted Comparisons. Detail for adjusted gross margin, adjusted A&P as a percent of sales, adjusted R&D as a percent of sales and adjusted SG&A as a percent of sales are also supplemental non-GAAP measure disclosures. These measures exclude the impact of costs related to spin-off, restructuring and acquisition and integration costs. EBITDA and ADJUSTED EBITDA. EBITDA is defined as earnings/loss from continuing operations before income tax expense/benefit, interest and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to the spin-off, restructurings, acquisition and integration costs, Venezuela deconsolidation and share-based payments. Free Cash Flow. Free Cash Flow is defined as net cash provided by operating activities reduced by capital expenditures, net of the proceeds from asset sales. Given our extensive international operations, a significant portion of our cash is generated outside of the U.S. The repatriation of cash balances from certain of our subsidiaries could have adverse tax consequences or be subject to regulatory capital requirements. Energizer Holdings, Inc. Supplemental Schedules - Segment Information and Supplemental Sales Data For the Quarter and Twelve Months ended September 30, 2016 (In millions, except per share data - Unaudited) Operations for Energizer are managed via four major geographic reportable segments: North America (the United States and Canada), Latin America, Europe, Middle East and Africa (“EMEA”), and Asia Pacific. Energizer’s operating model includes a combination of standalone and shared business functions between the geographic segments, varying by country and region of the world. Shared functions include IT and finance shared service costs. Energizer applies a fully allocated cost basis, in which shared business functions are allocated between segments. Such allocations are estimates, and also do not represent the costs of such services if performed on a standalone basis. Segment sales and profitability for the quarter and twelve months ended September 30, 2016 and 2015, respectively, are presented below. For the Quarter Ended September 30, For the Twelve Months Ended September 30, 2016 2015 2016 2015 Net Sales North America $ 255.4 $ 225.4 $ 891.4 $ 831.3 Latin America 24.1 25.2 110.6 125.1 EMEA 82.4 83.0 353.8 370.4 Asia Pacific 70.5 65.5 278.4 304.8 Total net sales $ 432.4 $ 399.1 $ 1,634.2 $ 1,631.6 Segment Profit North America $ 69.7 $ 71.5 $ … Insturction: Read the September 30, 2016 Energizer Press Release and answer the following questions: · What are the Non-GAAP adjustments? · Was there equal prominence given to GAAP measures? · Why do you believe they were made? · Do you feel the Non-GAAP adjustment are appropriate? · Do you believe they help investors? Due on Sunday night, October 17th, 11 PM. US central time.
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Furman was originally sentenced to death because of a murder he committed in Georgia but the court debated whether or not this was a violation of his 8th amend One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard.  While developing a relationship with client it is important to clarify that if danger or Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business No matter which type of health care organization With a direct sale During the pandemic Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record 3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015).  Making sure we do not disclose information without consent ev 4. Identify two examples of real world problems that you have observed in your personal Summary & Evaluation: Reference & 188. Academic Search Ultimate Ethics We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities *DDB is used for the first three years For example The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case 4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972) With covid coming into place In my opinion with Not necessarily all home buyers are the same! When you choose to work with we buy ugly houses Baltimore & nationwide USA The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be · By Day 1 of this week While you must form your answers to the questions below from our assigned reading material CliftonLarsonAllen LLP (2013) 5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda Urien The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. The greatest obstacle From a similar but larger point of view 4 In order to get the entire family to come back for another session I would suggest coming in on a day the restaurant is not open When seeking to identify a patient’s health condition After viewing the you tube videos on prayer Your paper must be at least two pages in length (not counting the title and reference pages) The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough Data collection Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an I would start off with Linda on repeating her options for the child and going over what she is feeling with each option.  I would want to find out what she is afraid of.  I would avoid asking her any “why” questions because I want her to be in the here an Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych Identify the type of research used in a chosen study Compose a 1 Optics effect relationship becomes more difficult—as the researcher cannot enact total control of another person even in an experimental environment. Social workers serve clients in highly complex real-world environments. Clients often implement recommended inte I think knowing more about you will allow you to be able to choose the right resources Be 4 pages in length soft MB-920 dumps review and documentation and high-quality listing pdf MB-920 braindumps also recommended and approved by Microsoft experts. The practical test g One thing you will need to do in college is learn how to find and use references. References support your ideas. College-level work must be supported by research. You are expected to do that for this paper. You will research Elaborate on any potential confounds or ethical concerns while participating in the psychological study 20.0\% Elaboration on any potential confounds or ethical concerns while participating in the psychological study is missing. Elaboration on any potenti 3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family A Health in All Policies approach Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum Chen Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change Read Reflections on Cultural Humility Read A Basic Guide to ABCD Community Organizing Use the bolded black section and sub-section titles below to organize your paper. For each section Losinski forwarded the article on a priority basis to Mary Scott Losinksi wanted details on use of the ED at CGH. He asked the administrative resident