Energizer Holdings (ENR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

Energizer Holdings, Inc. (ENR) reported third-quarter fiscal 2024 results, wherein its top line lagged the Zacks Consensus Estimates but the bottom line surpassed the same. However, both metrics increased year over year. Energizer's strategic initiatives include Project Momentum for margin recovery, cash flow restoration and debt reduction. The company focuses on market expansion by leveraging its global platform, investing in innovation to drive growth, enhancing digital commerce capabilities and improving ...

Financial Data and Key Metrics Changes - The company reported a 1.2% organic net sales growth and a 270 basis points adjusted gross margin expansion, with adjusted earnings growth of 46% [5][16] - Total debt paydown reached $150 million year-to-date, reducing net leverage to 5 times [5][10] Business Line Data and Key Metrics Changes - Battery segment organic net sales increased by approximately 60 basis points, with segment profit margin improving by 160 basis points [6] - Auto care segment organic net sales rose nearly 3%, with a significant 470 basis points increase in segment profit margin [8] Market Data and Key Metrics Changes - In the U.S., battery category volume increased over 4% in the latest 13 weeks, while value declined by roughly 1% due to pricing and promotional investments [7] - International auto care business saw a 19% organic growth, indicating strong performance in global markets [8] Company Strategy and Development Direction - The company is focusing on market expansion, innovation, and digital commerce to drive future growth [10][11] - Project Momentum has delivered nearly $120 million in savings, contributing to a gross margin of 40.3% over the trailing 12 months [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to volume growth and financial growth in the latter half of the year, despite consumer caution [24] - The company anticipates organic revenue to be down roughly 2% for the full fiscal year, with adjusted gross margin improvement expected [19] Other Important Information - A one-time non-cash impairment charge of $111 million was recorded on certain intangible assets related to the acquisition of Spectrum's battery business, but it does not impact strategic plans [17] - The company expects to achieve project momentum savings of between $180 million and $200 million, up from previous guidance [19] Q&A Session Summary Question: Insights on consumer health and category performance - Management noted that they have made smart promotional investments to engage consumers during cautious times, and they expect to deliver financial growth in the latter half of the year [23] Question: Details on the Brazil acquisition and its impact - The Brazilian acquisition enhances local manufacturing capabilities and positions the company for growth in both batteries and auto care [29] Question: Pricing strategies and promotional environment - The company plans to maintain stable pricing and promotional investments while driving volume growth [31] Question: Distribution gains and private label performance - Management highlighted successful efforts in restoring distribution and noted that private label performance remains stable without significant alarm [38] Question: Expectations for holiday season and consumer behavior - The company is planning for a normal holiday season and is not seeing signs of significant changes in consumer behavior [32] Question: Future capital allocation plans with reduced leverage - The company will prioritize debt paydown while evaluating other opportunities, including potential M&A [53] Question: Consumer purchasing behavior trends - Management observed that consumers are migrating to both larger and smaller pack sizes, with a slight preference for larger packs [55]

+ Fiscal 2024 Q3 Earnings Outlook August 6, 2024 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-lo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36837 __________________________________________________________ ...

Energizer Holdings (ENR) reported $701.4 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.3%. EPS of $0.79 for the same period compares to $0.54 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $705.12 million, representing a surprise of -0.53%. The company delivered an EPS surprise of +17.91%, with the consensus EPS estimate being $0.67. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Energizer Holdings (ENR) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.91%. A quarter ago, it was expected that this battery and personal care products company would post earnings of $0.67 per share when it actually produced earnings of $0.72, delivering a surprise of 7.46%. Ove ...

Exhibit 99.1 Energizer Holdings, Inc. 533 Maryville University Dr. St. Louis, MO 63141 FOR IMMEDIATE RELEASE Company Contact Jon Poldan Vice President, Treasurer & Investor Relations 314-985-2349 Jonathan.Poldan@energizer.com August 6, 2024 Energizer Holdings, Inc. Announces Fiscal 2024 Third Quarter Results • Net sales for the quarter increased 0.3% driven by organic Net sales growth of 1.2% versus the prior year. 1 • Gross margin improved 160 basis points over prior year, up 270 basis points on an adjuste ...

Net sales for the quarter increased 0.3% driven by organic Net sales growth of 1.2% versus the prior year.1 Gross margin improved 160 basis points over prior year, up 270 basis points on an adjusted basis.1 Non-cash impairment resulted in a loss per share of $0.61. Adjusted Earnings per share were $0.79, an increase of approximately 46% over prior year.1 Paid down $150 million of debt year to date. Fiscal year outlook for Adjusted Earnings per share and Adjusted EBITDA expected to be at the high end of the ...

For Immediate Release Industry: Consumer Products Companies in the Zacks Consumer Products – Staples industry have been benefiting from stable product demand as consumers manage to save for essentials, even during tough economic phases. Efforts to boost revenues through innovation, product launches and expansion into new channels, such as e-commerce, have proven successful. About the Industry Companies in the Consumer Products – Staples universe offer products to supermarkets, drug/grocery stores, departmen ...