twice connect

Rayovac Battery Sales Up 2%

1/27/2005 12:55:00 PM Eastern

Atlanta —Rayovac’s North American battery sales showed modest growth, rising 2 percent in the company’s fiscal first quarter.

Overall North American sales slid to $215.8 million, down from $233.8 million in the year-ago period. The battery maker cited a “challenging retailing environment” in its North American market for much of the decrease. Worldwide, battery sales increased 12 percent.

Segment profit for North America at Rayovac rose 22 percent to $41.3 million in the quarter, ended Jan. 2, up from $33.9 million in the same three months in 2003.

Fourth quarter consolidated sales at Rayovac, which includes the company’s blade and razor business, as well as batteries, increased 8.1 percent to $490.8 million from a year-ago $454 million. Operating income climbed 23.3 percent to $61.3 million from $49.7 million.

First-quarter net income was $27.9 million, compared with $22.2 million in the same three months a year earlier. Primary drivers of the increase were increasing sales in Europe and Latin America, a favorable currency translation and synergies resulting form the integration of the Remington razor company within Madison,Wis.-based Rayovac.

NATM Annual Meeting

Besides the usual business of planning out the

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in