Energizer Holdings (ENR) reported $805.7 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.7%. EPS of $1.22 for the same period compares to $1.20 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $809.32 million, representing a surprise of -0.45%. The company delivered an EPS surprise of +4.27%, with the consensus EPS estimate being $1.17.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Energizer Holdings (ENR) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.27%. A quarter ago, it was expected that this battery and personal care products company would post earnings of $0.67 per share when it actually produced earnings of $0.79, delivering a surprise of 17.91%.Over ...

Financial Performance - Fiscal 2024 net sales were $2,887.0 million, a decrease of 2.5% compared to the previous year, with fourth quarter net sales at $805.7 million, down 0.7%[6] - Adjusted EBITDA for fiscal 2024 was $612.4 million, reflecting a year-over-year increase, while adjusted earnings per share rose to $3.32, a 7% increase on an adjusted basis[15] - Gross margin for fiscal 2024 was 38.3%, with an adjusted gross margin of 40.9%, up 190 basis points from the prior year, driven by Project Momentum initiatives[9] - Net earnings for the quarter were $47.6 million, compared to $19.7 million in the same quarter of 2023, representing a significant increase of 141.6%[36] - Basic net earnings per share for the quarter were $0.66, up from $0.28 in the prior year, reflecting a growth of 135.7%[36] - Net earnings for the twelve months ended September 30, 2024, were $38.1 million, a decrease of 72.9% from $140.5 million in the previous year[65] - Adjusted diluted net earnings per common share for the twelve months were $3.32, a 7.4% increase from $3.09 in the prior year[65] Cash Flow and Debt Management - Operating cash flow for fiscal 2024 was $429.6 million, with free cash flow representing 11.7% of net sales[21] - The company reduced net leverage to 4.9 times in fiscal 2024, down from 5.2 times in the previous year, following a $200 million debt pay down[23] - Total debt as of September 30, 2024, was reported at $3,207.7 million, a decrease from $3,352.6 million as of September 30, 2023[73] - Net debt as of September 30, 2024, was $2,990.8 million, down from $3,129.3 million year-over-year, indicating improved leverage[73] Expenses and Cost Management - SG&A expenses for fiscal 2024 were $473.1 million, or 16.4% of net sales, an increase from 15.5% in the prior year, primarily due to higher labor and benefit costs[13] - Advertising and promotion expenses were 5.0% of net sales for fiscal 2024, up from 4.8% in the previous year[14] - Reported SG&A expenses for Q4'24 were $146.1 million, representing 18.1% of net sales, compared to 16.6% in Q4'23[71] - The company incurred restructuring and related costs of $21.2 million in Q4'24, compared to $17.4 million in Q4'23[71] Acquisitions and Investments - Two acquisitions were completed in fiscal 2024, totaling $22.2 million, including a battery manufacturing facility and an Auto Care manufacturer in Brazil[22] - Capital expenditures for the quarter were $97.9 million, compared to $56.8 million in the previous year, indicating a significant increase in investment[44] Segment Performance - Net sales for Batteries & Lights in FY '24 were $2,259.5 million, a decrease of 3.6% compared to the prior year[69] - Auto Care segment net sales increased by 2.1% to $627.5 million in FY '24[69] - Segment profit for Batteries & Lights increased to $179.5 million from $176.8 million year-over-year, while Auto Care segment profit rose to $20.0 million from $17.6 million[59] - The company reported a segment profit of $94.1 million for Auto Care in FY '24, a 25.5% increase compared to the prior year[69] Future Outlook - The company expects organic revenue growth of 1% to 2% for fiscal 2025, with adjusted EBITDA projected between $625 million and $645 million[27] - The company projects net earnings for FY 2025 to be between $194 million and $221 million, with an expected EPS range of $2.65 to $3.02[75] - EBITDA for FY 2025 is forecasted to be between $520 million and $563 million, reflecting a positive outlook for operational performance[75] - The company anticipates continued focus on market expansion and new product development in the upcoming quarters[72]

Financial Performance - Delivered fiscal 2024 Net Sales of $2,887.0 million, a decrease of 2.5% compared to the prior year [1][3] - Adjusted EBITDA for fiscal 2024 was $612.4 million, in line with the company's outlook [1] - Adjusted EPS for fiscal 2024 was $3.32, an increase of 7% on an adjusted basis [1] - Operating cash flow for fiscal 2024 was $429.6 million, with free cash flow representing 11.7% of Net Sales [1] Gross Margin and Cost Management - Gross margin for fiscal 2024 was 38.3%, with an adjusted gross margin of 40.9%, up 190 basis points from the prior year [1][7] - Project Momentum initiatives contributed approximately $59 million in savings, driving gross margin improvement [8] - SG&A expenses for fiscal 2024 were $473.1 million, or 16.4% of net sales, up from 15.5% in the prior year [9] Segment Performance - Battery & Lights segment net sales for fiscal 2024 were $2,259.5 million, a decrease of 3.6% compared to the prior year [41] - Auto Care segment net sales for fiscal 2024 were $627.5 million, an increase of 2.1% compared to the prior year [41] - Battery & Lights segment profit for fiscal 2024 was $554.8 million, an increase of 0.6% compared to the prior year [41] - Auto Care segment profit for fiscal 2024 was $94.1 million, an increase of 25.5% compared to the prior year [41] Capital Allocation and Debt Management - The company reduced net leverage to 4.9 times in fiscal 2024, driven by $200 million of debt paydown and Adjusted EBITDA growth [1] - Net debt decreased by $138.5 million in fiscal 2024, with net debt to Adjusted EBITDA at 4.9 times as of September 30, 2024 [16] - The company completed two acquisitions in fiscal 2024, totaling $22.2 million [16] Financial Outlook for Fiscal 2025 - The company expects fiscal 2025 organic revenue growth of 1% to 2% [1] - Adjusted EBITDA for fiscal 2025 is expected to be in the range of $625 million to $645 million [1] - Adjusted EPS for fiscal 2025 is expected to be in the range of $3.45 to $3.65 [1] - For the first quarter of fiscal 2025, the company expects organic revenue growth of 2% to 3% and Adjusted EPS in the range of $0.60 to $0.65 [18]

Wall Street analysts forecast that Energizer Holdings (ENR) will report quarterly earnings of $1.17 per share in its upcoming release, pointing to a year-over-year decline of 2.5%. It is anticipated that revenues will amount to $809.32 million, exhibiting a decline of 0.2% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

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Energizer Holdings Inc. (ENR) has demonstrated strong upward momentum, trading above its 200-day and 50-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. ENR closed yesterday's trading session at $31.71, ahead of its 200-day and 50-day SMA of $29.39 and $30.13, respectively. This technical strength, along with sustained momentum, reflects positive market sentiment and investor confidence in ENR's financial health and growth prospects. Shares of the com ...

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Energizer Holdings Inc. (ENR) appears to be an attractive value investment, trading at a forward 12-month price-to-earnings (P/E) ratio of 8.22, significantly lower compared with the industry's average of 18.91. This indicates that ENR is undervalued relative to its industry peers, offering potential upside for investors. ENR's strong Value Score of A further highlights its appeal as a potential investment, underscoring its affordability and attractiveness in terms of valuation. For value-focused investors, ...

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