Financial Data and Key Metrics Changes - The company reported a 13% adjusted earnings growth in the quarter, driven by recovery in the battery category and strong performance in auto [44] - Adjusted gross margin increased by 260 basis points to 40.5%, aided by Project Momentum savings and lower input costs [61] - Adjusted EBITDA and adjusted earnings per share were $142.5 million and $0.72, representing a 13% increase year-over-year [62] Business Line Data and Key Metrics Changes - Battery organic net sales decreased by approximately 4% in the quarter, consistent with expectations, but showed improving trends from the prior quarter [52] - Auto Care organic net sales increased over 2%, with the appearance business growing nearly 9% year-over-year [54] - Segment profit for Auto Care expanded by nearly 600 basis points, returning to pre-pandemic profitability [83] Market Data and Key Metrics Changes - U.S. category volume increased by 2.8% in the latest 13 weeks, with healthy trends in measured channels and online [81] - Global battery volume grew nearly 3.5%, a significant improvement from a decline of 5.5% in the prior year [45] - Private label value and volume share declined globally in the quarter, contrasting with growth in other consumer categories [53] Company Strategy and Development Direction - The company is focused on margin improvement, free cash flow generation, and debt pay down, with a long-term view on restoring stability in the supply chain [68] - Project Momentum has been a key driver of efficiencies, with total savings reaching nearly $100 million to date [91] - The company is investing in e-commerce capabilities and innovation pipelines to capture growth opportunities in various markets [85][87] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth in the back half of the year, citing healthy underlying category trends and improved visibility [69] - The company expects organic net sales to increase by approximately 1% in Q3, with adjusted earnings per share projected to rise by 20% at the midpoint [64] - Management noted a stable pricing environment and a healthy promotional environment, which is driving volume growth [96] Other Important Information - The company has paid off $425 million of debt over the past seven quarters, reducing leverage significantly [63] - The company anticipates Project Momentum to drive savings of $55 million to $65 million for the full fiscal year [92] - The weighted average cost of debt is around 4.6%, with 96% fixed and no meaningful maturities until 2027 [63] Q&A Session Summary Question: Visibility into Q3 and growth drivers - Management highlighted confidence in returning to growth due to stability in supply chain and improving trends in home center and non-track channels [69] Question: Promotional strategies and their impact - Management noted a healthy promotional environment that is consistent with pre-pandemic levels, driving volume growth [96] Question: Distribution gains and market expansion - Management discussed successful distribution gains in various markets, including the U.S. and internationally, which will contribute to growth in the back half of the year [151] Question: Commodities outlook and gross margin normalization - Management indicated that raw material input costs have turned positive, expecting a positive driver to gross margin for the full year [108] Question: Long-term debt reduction strategy - Management reiterated the focus on reducing leverage below 5x by year-end, with a longer-term goal of reaching below 4x [160]

For the quarterly period ended March 31, 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, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ (Mark One) ☒ QUARTERLY R ...

Strong free cash flow and debt paydown over the past seven quarters ($ in millions) $796 $645 $220 $158 $158 $717 $121 $151 $425 $62 Last 7 Quarters Q3 FY 2022 (Ended June 2022) Q2 FY 2024 (Ended March 2024) $200 $200 Q3'22 Ending Cash (+) Operating Cash Flows (-) Capex (-) Dividends (-) Debt Repayment (-) Other Q2'24 Ending Cash + Fiscal 2024 Q2 Earnings Outlook Forward-Looking Statements Global economic and financial market conditions beyond our control might materially and negatively impact us. Competiti ...

For the quarter ended March 2024, Energizer Holdings (ENR) reported revenue of $663.3 million, down 3% over the same period last year. EPS came in at $0.72, compared to $0.64 in the year-ago quarter.The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $662.96 million. With the consensus EPS estimate being $0.67, the EPS surprise was +7.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Energizer Holdings (ENR) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.46%. A quarter ago, it was expected that this battery and personal care products company would post earnings of $0.57 per share when it actually produced earnings of $0.59, delivering a surprise of 3.51%.Over t ...

Exhibit 99.1 For the quarter, we had Net sales of $663.3 million compared to $684.1 million in the prior year period. | (In millions) | Second Quarter | | % Chg | | --- | --- | --- | --- | | Net sales - FY'23 | $ | 684.1 | | | Organic | | (18.4) | (2.7)% | | Change in Argentina Operations | | (3.6) | (0.5)% | | Impact of currency | | 1.2 | 0.2 % | | Net sales - FY'24 | $ | 663.3 | (3.0)% | __________________ 1) See Press Release attachments and supplemental schedules for additional information, including th ...

ST. LOUIS, April 9, 2024 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) will report its Second Quarter Fiscal Year 2024 results before the market opens on May 7. Energizer also will discuss its results during an investor conference call that will be webcast beginning at 10 a.m. ET. The call will be hosted by Mark LaVigne, Chief Executive Officer, and John Drabik, Chief Financial Officer. All interested parties may access a live webcast of this conference call at www.energizerholdings.com, under the In ...

We Are Energizer Holdings, Inc. (NYSE:ENR) promised lower net leverage in 2024, and appears interesting with dividend yield of close to 4%. Besides, I would also expect further operating efficiency increases in battery manufacturing, and distribution thanks to the ongoing Project Momentum profit recovery program. In addition, if recent acquisition efforts are successful, I believe that Energizer will most likely deliver net income growth in the coming years. There are some risks coming from the evolving ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

Walmart and Energizer were ordered by a US judge to face lawsuits by consumers and retailers accusing them of violating antitrust law by conspiring to raise prices of batteries.In a decision on Friday, US District Judge P. Casey Pitts said plaintiffs in the three proposed class actions plausibly alleged that in exchange for preferred treatment at its stores, Walmart pressured Energizer to inflate wholesale battery prices and keep other retailers from undercutting it on price.The plaintiffs said the alleged ...