earnings
confidence high
sentiment positive
materiality 0.70
Energizer Q2 adjusted EPS $0.64 (+36%), organic sales +2.6%; FY outlook reaffirmed
ENERGIZER HOLDINGS, INC.
- Net sales $684.1M, organic growth +2.6% driven by pricing (+13%) partially offset by volume declines (-9.5%).
- Adjusted EPS $0.64 (+36% YoY); reported EPS $0.55; adjusted gross margin 37.9% (+300 bps).
- Operating cash flow $210.2M; free cash flow $192.2M (13.3% of sales); debt pay down $158.2M in H1.
- Reaffirms FY outlook: adj. EBITDA $585-615M, adj. EPS $3.00-3.30, organic revenue low single-digit growth.
- Project Momentum on track: $20M savings in H1; full-year target $30-40M; one-time costs $25-35M.