earnings
confidence high
sentiment positive
materiality 0.75
Energizer Q3 adj EPS $0.79 beats prior year $0.54; organic sales up 1.2%; raises FY outlook
ENERGIZER HOLDINGS, INC.
- Net sales $701.4M (+0.3% YoY); organic growth 1.2% driven by volume in Battery & Lights (+3.6%).
- GAAP net loss $43.8M ($0.61 loss) includes $110.6M impairment; adj EPS $0.79 vs $0.54 (+46%).
- Adjusted gross margin 41.5% (+270 bps) on Project Momentum savings and lower input costs.
- FY2024 guidance raised: Adj EBITDA $610-620M, Adj EPS $3.20-$3.30 (high end of prior range).
- Debt reduced $150M YTD; acquired Brazil Auto Care for $10.6M; dividend $0.30/sh.