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Energizer Holdings, Inc. (NYSE: ENR) is a global leader in the manufacturing and distribution of household batteries, specialty batteries, and lighting products. The company's product portfolio includes a variety of battery technologies such as lithium, alkaline, carbon-zinc, nickel-metal hydride, zinc-air, and silver oxide. These products are marketed under well-known brands like Energizer, Rayovac, Varta, and Eveready, catering to both performance and premium price segments.
Beyond batteries, Energizer also provides an extensive range of auto care products, which include offerings in appearance, fragrance, performance, and air conditioning recharge categories. The company operates through two primary geographic segments: the Americas and International, with the majority of its revenue generated from the Americas.
In recent developments, Energizer has been focusing on improving its financial health and operational efficiency through aggressive cost-saving measures under Project Momentum. This initiative aims to deliver significant savings by optimizing cost structures and simplifying operations. As part of this project, the company expects to achieve savings between $130 to $150 million by the end of 2025.
Despite facing top-line challenges in recent quarters, Energizer remains committed to maintaining robust margins and cash flow, which has enabled the company to reduce debt and reinvest in its business. For fiscal year 2023, Energizer delivered adjusted earnings and EBITDA within its original guidance range, achieving notable progress in gross margin restoration and free cash flow generation.
Looking forward, Energizer anticipates continued macroeconomic uncertainties in 2024. However, the company is focused on executing its strategic priorities, which include gross margin improvement, debt reduction, and strategic investments to fuel long-term growth. For fiscal 2024, the company projects adjusted EBITDA in the range of $600 million to $620 million and adjusted earnings per share between $3.10 to $3.30.
The company's latest financial results for the first fiscal quarter of 2024 highlight an improvement in adjusted gross profit margin and strong free cash flow, further supporting debt reduction efforts. These results reflect the benefits of Project Momentum, despite fluctuations in net sales and ongoing restructuring costs.
Energizer's management continues to engage with investors and stakeholders through regular conference calls and webcasts, providing updates on financial performance and strategic initiatives. The company remains committed to delivering value to its shareholders while navigating the complexities of a dynamic global market.
Energizer Holdings (NYSE: ENR) is set to release its Third Quarter Fiscal 2022 results on August 8, before market opening. The results will be discussed in a live webcast conference call, starting at 10 a.m. ET, hosted by CEO Mark LaVigne and CFO John Drabik. Investors can access the call through the company’s website under the Investors section. Energizer is a leading global manufacturer of batteries and other consumer products, committed to serving consumers and customers effectively.
Energizer Holdings reported net sales of $685.4 million for Q2 FY2022, slightly up from $685.1 million the previous year, with organic growth of 1.3%. The company increased its fiscal year net sales guidance to low single-digit growth and reaffirmed adjusted earnings per share guidance of $3.00 to $3.30. Gross margin fell to 34.9% due to high operating costs, though pricing actions helped mitigate some inflationary pressures. Adjusted EBITDA for Q2 was $114.6 million, down from $147.6 million year-over-year, while diluted EPS improved to $0.27 from a loss of $0.21.
Energizer Holdings, Inc. (NYSE: ENR) declared a quarterly dividend of $0.30 per share on May 2, 2022. This dividend will be payable on June 17, 2022, to shareholders on record as of the close of business on May 25, 2022. As one of the largest manufacturers of batteries and consumer products, Energizer aims to deliver value to its customers globally. The company’s diverse brand portfolio includes Energizer®, Armor All®, and Rayovac®, among others.
Energizer Holdings (NYSE: ENR) will announce its Second Quarter Fiscal 2022 results on May 9, 2022, before market opening. The discussion will be led by CEO Mark LaVigne and CFO John Drabik during a webcast at 10 a.m. ET. Interested parties can access the live call through the company's website, with a replay available later. Energizer is a major manufacturer of batteries and consumer products, aiming to lead its categories by better serving consumers. For more details, visit www.energizerholdings.com.
Energizer Holdings, Inc. (NYSE: ENR) announced the successful completion of a $300 million offering of 6.500% senior notes maturing in 2027. Proceeds will be used to repay part of its revolving credit facility and cover related expenses. The notes were offered under exemptions from registration laws to qualified institutional buyers and non-U.S. persons only. The company emphasized that the notes have not been registered, meaning they cannot be sold in the U.S. without compliance. This move aims to strengthen the company's financial position amidst ongoing market challenges.
Energizer Holdings, Inc. (NYSE: ENR) announced the upsizing and pricing of a $300 million offering of 6.500% senior notes due 2027, increased from the initial $250 million. The notes will close on or around March 8, 2022, and the proceeds will be used to repay existing debt and cover offering expenses. The offering is available to qualified institutional buyers and complies with relevant securities regulations. The press release also outlines forward-looking statements highlighting various risks and uncertainties affecting the company's future performance.
Energizer Holdings, Inc. (NYSE: ENR) announced a private offering of $250 million in senior notes due 2027. The funds will be used to repay existing credit facility debt and cover offering expenses. The notes will be guaranteed by certain domestic subsidiaries and are offered to qualified buyers under Rule 144A and Regulation S of the Securities Act. The completion of the offering is subject to market conditions. The company emphasizes that this press release does not constitute an offer to sell or buy securities.
Energizer Holdings, Inc. (ENR) reported Q1 fiscal 2022 net sales of $846.3 million, reflecting a 0.3% decline from $848.6 million the previous year. Despite flat organic sales, pricing strategies and new distribution contributed positively. Gross margin fell to 36.8%, down from 39.8% last year, driven by rising operational costs. Earnings per share decreased to $0.83 from $0.91. The company maintains its full-year outlook with net sales expected to remain flat and adjusted EPS projected between $3.00 and $3.30.
Energizer Holdings, Inc. (NYSE: ENR) has declared a quarterly dividend of $0.30 per share, payable on March 16, 2022. Shareholders on record as of the close of business on February 22, 2022 will receive this dividend. This announcement reinforces Energizer's commitment to returning value to its shareholders amidst its operations in primary batteries and consumer products.
Energizer Holdings Inc. (NYSE: ENR) will release its First Quarter Fiscal 2022 results on February 7, before market opening. A conference call to discuss these results will take place the same day at 10 a.m. ET, hosted by CEO Mark LaVigne and CFO John Drabik. Investors can access the live webcast through the company’s website under the Investors and Events & Presentations sections. A replay will be available post-event. Energizer is a leading manufacturer of batteries, portable lights, and automotive care products, featuring brands like Energizer®, Armor All®, and Rayovac®.
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