earnings
confidence high
sentiment negative
materiality 0.75
Energizer Q1 net sales up 6.5% to $778.9M but adjusted EPS drops 54% to $0.31; reaffirms FY outlook
ENERGIZER HOLDINGS, INC.
- Net sales $778.9M (+6.5% YoY) driven by APS acquisition ($64.6M); organic sales down 4.3% on 4.5% volume decline.
- GAAP loss per share $0.05; adjusted EPS $0.31 vs $0.67 prior year; adjusted EBITDA $106.9M vs $140.7M.
- Adjusted gross margin 34.9%, down 510 bps from 40.0%, due to tariffs, production inefficiencies, product mix, and lower-margin APS.
- Free cash flow $124.2M (15.9% of sales); debt reduced over $100M; $4.5M share repurchases and $23M dividends.
- FY2026 guidance reaffirmed: adjusted EPS $3.30-$3.60, adjusted EBITDA $580-$610M; Q2 sees organic sales down 4-5%.