secwatch.observer — SEC 8-K summary
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Issuer:     ENERGIZER HOLDINGS, INC. (ENR)
CIK:        0001632790
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001632790-23-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energizer Q3 net sales down 3.9%, organic down 2.7%; reaffirms adjusted EPS at low end of range
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- Net sales $699.4M vs $728.0M prior year (-3.9%); organic net sales down 2.7% due to volume declines in battery and auto care.
- Adjusted diluted EPS $0.54 vs $0.77; adjusted EBITDA $126.8M vs $145.5M, down on lower sales and higher costs.
- Project Momentum savings expanded to $130-150M by end of 2025; year-to-date savings $32M, full-year target $45-50M.
- Fiscal 2023 organic revenue outlook lowered to down low single digits; reaffirms adjusted EPS and EBITDA at low end of prior range.
- Operating cash flow $296.3M YTD; debt paydown $200M; net debt to EBITDA 5.7x; quarterly dividend $0.30 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1632790/000163279023000040/0001632790-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1632790/000163279023000040/enr-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001632790-23-000040

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