Energizer (US:ENR)2021-08-09 16:49Financial Performance - Q3 Fiscal 2021 - Net sales increased by 9.7% to $721.8 million[8] - Organic net sales grew by 5.8%[8] - Adjusted EPS was $0.74[8], driven by organic net sales growth, synergy realization, and interest savings, slightly offset by higher A&P[8] - Adjusted EBITDA reached $144.4 million with a margin of 20.0%[8] - Adjusted Free Cash Flow was $42.6 million[8], decreased from prior year as inventory investments were made to service continued high levels of demand and rebuild safety stock[8] Financial Performance - Q3 Fiscal 2020 to Q3 Fiscal 2021 - Adjusted Gross Margin increased from 39.2% to 40.8%[10] - Adjusted EPS increased from $0.50 to $0.74[11] - Adjusted EBITDA increased from $134.6 million to $144.4 million[11] Fiscal 2021 Outlook - Net sales are expected to grow by 8% to 9%[12], attributed to distribution gains, elevated battery demand, and favorable currency impacts[12] - Adjusted EBITDA is projected to be between $620 million and $640 million[12] - Adjusted Free Cash Flow is expected to exceed $225 million[12], reflecting the impact of incremental investment in inventory to support the upcoming peak battery season[12] - Adjusted EPS is forecasted to be in the range of $3.30 to $3.50[12] - Adjusted Gross Margin Rate is expected to decrease by 80 to 110 basis points due to increasing inflationary cost pressures[13]