Energizer Q1 net sales down 6.3%, adj EPS $0.59; reaffirms FY2024 outlook

ENERGIZER HOLDINGS, INC.

Net sales $716.6M, down 6.3% (organic -7.4%); battery volumes fell ~7% on earlier holiday orders.
Reported diluted EPS $0.03; adjusted EPS $0.59 (vs $0.72 prior year); adjusted EBITDA $132.9M.
Free cash flow $152.6M (21.3% of sales); debt paydown of $78M in Q1 plus $58M subsequently.
Project Momentum savings target raised to $160-180M; FY2024 savings expected $55-65M.
FY2024 outlook reaffirmed: organic sales flat to down low-single digits, adj EPS $3.10-$3.30.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENERGIZER HOLDINGS, INC. reported the first fiscal quarter ended December 31, 2023 results: revenue $716.6 million, net income $1.9, EPS $0.03. Guidance reaffirmed.

Period: the first fiscal quarter ended December 31, 2023
Revenue: $716.6 million
Net income: $1.9
EPS: $0.03
Guidance: reaffirmed
Result: reported results

Exact text from the filing

strengthen the company and advance our strategic priorities as we return to growth over the balance of the year." Top-Line Performance For the quarter, we had Net sales of $716.6 million compared to $765.1 million in the prior year period. First Quarter % Chg Net sales - FY'23 $ 765.1 Organic (56.3) (7.4) % Change in Argentina Operations (0.9) (0.1) % Impact of

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Source: SEC EDGAR

accession 0001632790-24-000017

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