earnings
confidence high
sentiment neutral
materiality 0.60
Energizer Q1 FY2022: net sales $846.3M flat YoY, adj EPS $1.03, maintains FY outlook
ENERGIZER HOLDINGS, INC.
- Net sales $846.3M, roughly flat vs $848.6M prior year; ~2% pricing benefit offset by lapping elevated prior demand.
- GAAP diluted EPS $0.83; adjusted diluted EPS $1.03 vs $1.17 YoY.
- Adjusted EBITDA $161.8M, down from $192.4M, on input cost inflation partially offset by synergies and cost controls.
- Reaffirms FY2022 outlook: adj EPS $3.00-$3.30, adj EBITDA $560M-$590M, net sales roughly flat.
- Completed $75M ASR, repurchased ~1.96M shares at avg $38.30; paid $0.30/share quarterly dividend.