Energizer reports Q2 net sales down 3.0%, adj EPS $0.72 (+13% YoY), reaffirms FY2024 outlook

ENERGIZER HOLDINGS, INC.

Net sales $663.3M, down 3.0% (organic -2.7%); Auto Care segment grew 2.3%.
Adjusted gross margin improved 260 bps to 40.5% on Project Momentum savings and lower input costs.
Adjusted EPS $0.72 vs $0.64 (+13%); Adjusted EBITDA $142.5M vs $139.5M.
First-half operating cash flow $214.9M; free cash flow $162.9M (11.8% of sales); $141M debt paydown.
Reaffirmed FY2024 outlook: Adj EBITDA $600-620M, Adj EPS $3.10-3.30; Q3 adj EPS guidance $0.62-0.68.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ENERGIZER HOLDINGS, INC. reported the second fiscal quarter ended March 31, 2024 results: revenue $663.3 million, net income $32.4 million, EPS $0.45. Guidance reaffirmed.

Period: the second fiscal quarter ended March 31, 2024
Revenue: $663.3 million
Net income: $32.4 million
EPS: $0.45
Guidance: reaffirmed
Result: reported results

Exact text from the filing

We are on track to return to organic growth in the back half of the year and deliver on our full year outlook.” Top-Line Performance For the quarter, we had Net sales of $663.3 million compared to $684.1 million in the prior year period. (In millions) Second Quarter % Chg Net sales - FY'23 $ 684.1 Organic (18.4) (2.7) % Change in Argentina Operations (3.6)

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Source: SEC EDGAR

accession 0001632790-24-000036

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