Energizer Holdings, Inc. (ENR) reported first-quarter fiscal 2024 results, wherein its top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics declined year over year.Q1 MetricsEnergizer’s adjusted earnings of 59 cents per share beat the Zacks Consensus Estimate of 57 cents per share. However, the bottom line decreased 18.1% from the year-ago quarter’s reported figure.This Zacks Rank #2 (Buy) company reported net sales of $716.6 million, which beat the Zacks Consensus Estimate of ...

Energizer Holdings (ENR) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.51%. A quarter ago, it was expected that this battery and personal care products company would post earnings of $1.14 per share when it actually produced earnings of $1.20, delivering a surprise of 5.26%.Over t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ Commission File Number: 001-36837 ____________________________________________________________________________________________________________ ENERGIZER HOLDINGS, INC. (Exact name of registrant as specified in its charter) 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 December 31 ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

The market expects Energizer Holdings (ENR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 6, 2024, might help the stock move higher if these key numb ...

ST. LOUIS, Jan. 29, 2024 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced that its Board of Directors declared a dividend on its common stock of $0.30 per share. The dividend will be payable on March 14, 2024 to shareholders of record as of the close of business on February 21, 2024. About Energizer Holdings, Inc. Energizer Holdings, Inc. ("Energizer", NYSE: ENR), headquartered in St. Louis, Missouri, is one of the world's largest manufacturers and distributors of primary batteries, portable l ...

JHVEPhoto/iStock Editorial via Getty Images Beyond any doubt, one of the most iconic consumer brands in the world today has got to be Energizer Holdings (NYSE:ENR). Although the firm is not that large, with a market capitalization of only $2.29 billion, it is well known as a giant in the battery production space, particularly when it comes to disposable batteries. In addition to selling batteries, the firm also produces and sells certain auto care products such as protectants, wipes, glass cleaners, lea ...

Financial Data and Key Metrics Changes - The company reported a 2.6% increase in revenue, with organic revenue growth of 2% driven by 150 basis points of pricing across both battery and auto segments [29] - Adjusted gross margin increased by 380 basis points to 40% due to pricing, project momentum benefits, and lower transportation costs [30] - Adjusted EBITDA grew to $597.3 million, with earnings per share of $3.09, driven by significant gross margin improvement [32] Business Line Data and Key Metrics Changes - The battery category is now 5% larger than pre-pandemic levels, with global category volume experiencing compounded annual growth of approximately 1.5% since 2015 [15] - The auto care category has seen a top-line increase of over $90 million since 2020, representing a 6% compounded annual growth rate [26] - Operating margins in auto care increased by almost 500 basis points over the last year, reflecting a focus on pricing, innovation, and cost control [27] Market Data and Key Metrics Changes - Private label share globally increased by about 0.7 share points, with higher penetration in the U.S. but declining in Europe and overall down in international markets [3] - The average age of vehicles in the U.S. has exceeded 12 years, contributing to increased demand for auto care products [16] - The number of devices per U.S. household has increased by more than 5% since 2015, driving battery consumption [21] Company Strategy and Development Direction - The company aims to continue margin recovery, generate free cash flow, and pay down debt, ensuring the ability to invest in business and drive shareholder value [23] - Strategic priorities include balancing pricing and promotion strategies while focusing on the overall health of the category and improving earnings power [25] - The company plans to invest in innovation and brand building to drive consumer engagement and long-term preference [24] Management Comments on Operating Environment and Future Outlook - The macroeconomic environment is challenging, with higher interest rates and persistent inflation affecting consumer sentiment [19] - Management expects organic revenues to be flat to down low single digits, with gross margin improvement anticipated due to stabilized input costs [33] - The company is cautious about the first quarter, expecting a 6% to 8% decline in organic sales due to holiday volume shifts and weaker performance in non-track channels [39] Other Important Information - The company recorded a one-time non-cash $50 million settlement charge related to a partial buyout of U.S. pension liabilities [31] - Project momentum is expected to generate $80 million to $100 million in savings over the next two years, with $55 million to $65 million of that benefiting fiscal 2024 [36][92] Q&A Session Summary Question: What drives the improvement in volume outlook for the back half of the year? - Management expects flat volume year-over-year throughout the year, with healthy category dynamics and distribution driving improvement in Q2 and Q3 [6][39] Question: What are the dynamics between batteries and auto care in volume outlook? - Both categories are expected to show consistent performance, with auto care projected to grow slightly while batteries may lag [7] Question: How does the company plan to address promotional strategies in the current environment? - The company aims to maintain promotional levels without exceeding 2019 levels, focusing on bridging consumers to higher price points [63][49] Question: What is the impact of international distribution losses? - Losses were due to disciplined pricing strategies rather than aggressive promotions, which the company believes is necessary for margin restoration [72] Question: How is the company preparing for the holiday season? - Management is cautiously optimistic, planning for success but acknowledging the need to monitor consumption trends as the holiday approaches [74]

Consolidated Net Sales Change in Argentina Operations. The Company is presenting separately all changes in sales and segment profit from our Argentina affiliate due to the designation of the economy as highly inflationary as of July 1, 2018. (1) The Impact of Currency is the change in foreign currency exchange rates year-over-year on reported results, which is calculated by comparing the value of current year foreign operations at the current period USD exchange rate versus the value of current year foreign ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-K _______________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR 533 Maryville University Drive St. Louis, Missouri 63141 (Address of principal executive offices) (Zip Code) (314) 985-2000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 1 ...