Welcome to our dedicated page for Energizer Holdings news (Ticker: ENR), a resource for investors and traders seeking the latest updates and insights on Energizer Holdings stock.
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, 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®.
Energizer Holdings, Inc. (NYSE: ENR) has declared quarterly dividends on its common and preferred stock. The common stock dividend is set at $0.30 per share, payable on December 15, 2021, to shareholders who hold shares as of the close of business on November 30, 2021. The preferred stock dividend is $1.875 per share of 7.50% Series A mandatory convertible preferred stock, payable on January 15, 2022, to shareholders on record as of January 1, 2022. Energizer is a leading manufacturer of batteries and various consumer products.
Energizer Holdings reported a strong fiscal 2021, achieving net sales of $3.02 billion, a 10.1% increase from the previous year. Adjusted EPS rose 51% to $3.48, driven by organic growth and cost synergies. In Q4, net sales reached $766 million, slightly above $763 million in Q4 2020. However, organic sales declined 0.8% due to prior-year demand spikes. Looking ahead, the company anticipates flat organic revenue growth for fiscal 2022, facing inflationary pressures and expected declines in battery sales. Adjusted EPS guidance for FY2022 is between $3.00 and $3.30.
Energizer Holdings Inc. (NYSE: ENR) will report its Fourth Quarter and Fiscal 2021 results on November 10, before the market opens. A conference call to discuss these results will occur on August 9 at 10 a.m. ET, hosted by CEO Mark LaVigne and CFO John Drabik. Interested parties can access the live webcast on the company's website and find a replay afterward. Energizer, based in St. Louis, is a major player in the manufacturing and distribution of batteries and automotive care products, with well-known brands like Energizer®, Armor All®, and Eveready®.
Energizer Holdings Inc. (NYSE: ENR) announced a $75 million accelerated share repurchase (ASR) program with JPMorgan Chase to buy back approximately 1.9 million shares, representing about 2.6% of its outstanding stock. The initial payment will be made on August 11, 2021, with a delivery of 1.5 million shares. Energizer aims to utilize cash and revolver borrowings for the buyback, reaffirming its commitment to shareholder value and growth. The completion of the ASR program is expected before year-end 2021, supporting the company’s capital allocation strategy.
Energizer Holdings reported strong financial results for Q3 2021, showing 10% net sales growth to $721.8 million compared to $658.0 million in the previous year. Adjusted earnings per share rose by nearly 50% to $0.74. The favorable performance was driven by increased auto care demand and operational synergies, despite facing cost pressures and supply chain disruptions. Gross margin decreased to 39.2% due to higher operating costs, while SG&A expenses improved. The company updated full-year outlook, expecting 8-9% net sales growth and adjusted EPS between $3.30 to $3.50.
FAQ
What is the current stock price of Energizer Holdings (ENR)?
What is the market cap of Energizer Holdings (ENR)?
What products does Energizer Holdings, Inc. offer?
What are the main segments of Energizer's operations?
What is Project Momentum?
How did Energizer perform in fiscal year 2023?
What is Energizer's financial outlook for fiscal 2024?
What were Energizer's first fiscal quarter results for 2024?
What are the core technologies used in Energizer's batteries?
How does Energizer engage with its investors?
What strategic priorities is Energizer focusing on?
What financial measures does Energizer use to report its performance?
