beat analysts' first-quarter estimates, as continued strength of the company's home care products, margin improvement initiatives in the international business, operating efficiencies in the auto care business and summer demand for Kingsford charcoal all contributed to the results.
Earnings for the quarter rose to $100 million, or 42 cents a diluted share, before a one-time charge. In the prior-year quarter, the company earned $88.5 million, or 37 cents a diluted share, before merger-related charges.
Wall Street was looking for the company to earn 41 cents a share for the quarter, according to
First Call/Thomson Financial
Sales for the quarter rose 5% to $985 million from $942 million in the prior-year quarter.