Core Insights - Energizer Holdings, Inc. reported fourth-quarter fiscal 2025 results with net sales exceeding estimates while earnings fell short, indicating a mixed performance [1][10] - The company is entering a transition period in fiscal 2026, facing temporary tariff costs and has extended Project Momentum to protect margins [2] Financial Performance - Adjusted earnings per share were $1.05, missing the Zacks Consensus Estimate of $1.12, and decreased by 13.9% year over year [3] - Net sales reached $832.8 million, surpassing the Zacks Consensus Estimate of $831 million, marking a 3.4% increase from the previous year [4] - Organic net sales declined by 2.2%, primarily due to a 2.9% decrease in volumes from softer consumer demand in North America [5][10] Segment Performance - Batteries & Lights segment net sales increased by 3.9% to $677.2 million, while segment profit decreased by 15.4% to $151.8 million [6] - Auto Care segment net sales rose by 1% to $155.6 million, with segment profit increasing by 29% to $25.8 million [6] Margin and Cost Analysis - Adjusted gross profit was $320.3 million, down 5.7% year over year, with adjusted gross margin contracting by 370 basis points to 38.5% [7] - Adjusted SG&A expenses increased by 4.2% year over year to $128.2 million, driven by higher costs in the APS business and digital transformation investments [9] Future Outlook - For fiscal 2026, the company expects organic net sales to be flat to slightly higher, with modest gross margin pressure anticipated [17] - Adjusted earnings per share are projected to range from $3.30 to $3.60, while adjusted EBITDA is expected between $580 million and $610 million [18] - The first quarter of fiscal 2026 is expected to reflect a high single-digit percentage decline in organic net sales, with adjusted EPS anticipated in the range of 20 to 30 cents [19]

Fiscal 2025 & Q4 Earnings Fiscal 2026 Outlook November 18, 2025 + Forward-Looking Statements •Free Cash Flow. Free Cash Flow is defined as net cash provided by operating activities reduced by capital expenditures, net of the proceeds from asset sales. 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 limitatio ...

Core Viewpoint - Energizer Holdings, Inc. reported a decline in adjusted earnings per share for the fourth quarter, missing analyst expectations, despite a slight increase in quarterly sales [1][5]. Financial Performance - The company reported fourth-quarter adjusted earnings per share of $1.05, below the consensus estimate of $1.12 [1]. - Quarterly sales reached $832.80 million, reflecting a year-over-year increase of 3.4%, surpassing the expected $827.962 million [1]. - Organic net sales decreased by 2.2% compared to the previous year [2]. - Volumes fell by 2.9% due to softened consumer demand in North America, although e-commerce and international markets showed growth in the Batteries & Lights segment [3]. - Adjusted gross margin was 38.5%, down 370 basis points from the prior year, attributed to higher input and logistics costs [3][4]. Cost Management and Initiatives - Project Momentum has generated over $200 million in savings over three years, with the program being extended into a fourth year to target tariff mitigation and operational efficiency [2]. - The company faced production inefficiencies related to network rebalancing and the lower-margin APS business, contributing to the decline in gross margin [4]. Future Outlook - For the first quarter of fiscal 2026, Energizer expects adjusted earnings per share between 20 cents and 30 cents, significantly lower than the analyst estimate of 70 cents [5]. - The company anticipates a GAAP loss of 8 to 9 cents per share for the first quarter, contrasting with the projected profit of 70 cents [5]. - The outlook for 2026 adjusted EPS is estimated to be between $3.30 and $3.60, slightly below the analyst estimate of $3.59 [6]. - Following the earnings report, ENR shares fell by 19.25% to $19.26 in premarket trading [6].

Core Insights - Energizer Holdings (ENR) reported revenue of $725.3 million for the quarter ended June 2025, marking a year-over-year increase of 3.4% [1] - The earnings per share (EPS) for the same period was $1.13, compared to $0.79 a year ago, indicating significant growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $701.54 million by 3.39%, while the EPS surpassed the consensus estimate of $0.61 by 85.25% [1] Financial Performance Metrics - Net Sales for Batteries & Lights reached $535.1 million, exceeding the average analyst estimate of $505.98 million, representing a year-over-year increase of 5.1% [4] - Net Sales for Auto Care were $190.2 million, slightly below the average estimate of $195.53 million, reflecting a year-over-year decrease of 1.1% [4] - Segment Profit for Auto Care was $24.1 million, surpassing the two-analyst average estimate of $21.76 million [4] - Segment Profit for Batteries & Lights was $158.8 million, compared to the average estimate of $119 million based on two analysts [4] Stock Performance - Shares of Energizer have returned +2.9% over the past month, outperforming the Zacks S&P 500 composite's +0.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Q3 Fiscal 2025 Financial Results - Net sales reached $7253 million, showing a 34% increase reported and a 01% organic increase[24] - Batteries & Lights net sales increased by 51% reported and 05% organically[24] - Auto Care net sales decreased by 11% reported and 09% organically[24] - Adjusted gross margin increased by 330 basis points to 448%[24] - Adjusted EPS increased by 43% year-over-year to $113, with $078 prior to production credits[24] - Adjusted EBITDA increased by 145% year-over-year to $1714 million[24] Fiscal Year 2025 Outlook - Reported net sales are expected to increase by 1% to 3%, with Q4 projected to increase by 2% to 4%[43] - Organic net sales are expected to remain flat to +2%, with Q4 projected to decrease by 2% to flat[43] - Adjusted EPS is projected to be in the range of $355 to $365, with Q4 projected to be $105 to $115[43] - Adjusted EBITDA is projected to be in the range of $630 million to $640 million[43]

Core Insights - Energizer Holdings, Inc. reported second-quarter fiscal 2025 results with both net sales and earnings falling short of the Zacks Consensus Estimate, showing a year-over-year decline in both metrics [1][3][4] Financial Performance - Adjusted earnings were 67 cents per share, missing the estimate of 68 cents, and decreased by 6.9% from the previous year [4] - Net sales totaled $662.9 million, below the estimate of $669 million, and slightly decreased by 0.1% year-over-year, while organic net sales increased by 1.4% [4][5] - The battery segment saw a modest growth of 1.5% year-over-year, reaching $488 million, while the Auto Care segment experienced a decline of 4.1% to $174.9 million [6] Margin and Cost Analysis - Adjusted gross profit was $270.4 million, up 0.6% year-over-year, with an adjusted gross margin of 40.8%, an increase of 30 basis points [7] - Adjusted SG&A expenses rose by 9.3% year-over-year to $124.5 million, primarily due to investments in digital transformation and growth initiatives [8] - Adjusted EBITDA was $140.3 million, down 1.5% year-over-year, with an adjusted EBITDA margin of 21.2% [10] Financial Health - As of March 31, 2024, cash and cash equivalents stood at $139.3 million, with long-term debt of $3.15 billion and shareholders' equity of $133.9 million [11] - Operating cash flow for the fiscal second quarter was $64.2 million, and free cash flow was $8.6 million [11] Future Outlook - The company lowered its full-year guidance due to ongoing macroeconomic challenges, now expecting reported and organic net sales to range from flat to up 2% [3][13] - Adjusted EBITDA is projected to be between $610 million and $630 million, and adjusted earnings per share are expected to be in the range of $3.30 to $3.50 [14] - For the third quarter, reported and organic net sales are anticipated to be flat to down 2%, with adjusted EPS projected between 55 cents and 65 cents [15]

Core Insights - Energizer Holdings, Inc. reported net sales of $662.9 million for the second fiscal quarter ended March 31, 2025, a slight decrease of 0.1% compared to $663.3 million in the prior year period, marking the fourth consecutive quarter of organic revenue growth of 1.4% [3][5][10] - The company achieved an adjusted gross margin of 40.8%, an improvement from 40.5% in the prior year, driven by Project Momentum initiatives [4][7][10] - Net earnings for the quarter were $28.3 million, or $0.39 per share, with adjusted earnings per share at $0.67, reflecting a decrease from $0.45 and $0.72 in the prior year, respectively [10][43] Financial Performance - Net sales for the second quarter were $662.9 million, down from $663.3 million in the same quarter last year, with organic growth of 1.4% [3][5] - Gross margin was reported at 39.1%, with an adjusted gross margin of 40.8%, up 30 basis points from the previous year's adjusted gross margin [5][7] - The company reported net earnings of $28.3 million, down from $32.4 million in the prior year, and adjusted EBITDA of $140.3 million, slightly lower than $142.5 million in the previous year [10][43] Strategic Initiatives - The company emphasized its investments in digital transformation and growth initiatives, which contributed to an increase in SG&A expenses to 18.8% of net sales, compared to 17.2% in the prior year [8][10] - Project Momentum delivered savings of approximately $16 million in the quarter, although this was partially offset by increased product costs and planned strategic pricing investments [7][10] - The company expects organic net sales for fiscal 2025 to be flat to up 2%, with adjusted EBITDA projected between $610 million and $630 million [12][14] Market Outlook - The CEO expressed a cautious outlook for the remainder of the year, anticipating a more cautious consumer environment impacting demand [2][12] - The company expects limited direct impact from tariffs due to completed sourcing shifts and pricing actions [5][12] - For the third quarter, reported and organic net sales are expected to be flat to down 2%, with adjusted earnings per share projected between $0.55 and $0.65 [14]