earnings
confidence high
sentiment positive
materiality 0.75
Energizer Q1 adjusted EPS $0.67 (+14% YoY); raises organic sales outlook to 2-3%
ENERGIZER HOLDINGS, INC.
- Net sales $731.7M, up 2.1% reported, up 3.8% organic; growth in both Battery and Auto Care.
- Adjusted gross margin 40.0% vs 39.5% prior year, driven by Project Momentum savings of ~$16M.
- Adjusted EBITDA $140.7M vs $132.9M; net leverage reduced to 4.7x from debt paydown.
- FY25 organic net sales outlook raised to 2-3% (from prior implied); reaffirms adjusted EPS $3.45-$3.65.
- Q2 guidance: organic net sales up 2-3%, adjusted EPS $0.60-$0.70.