Energizer Holdings, Inc - $ENR STOCK NEWS

Energizer Holdings, Inc. (ENR) is set to release its Second Quarter Fiscal Year 2024 results on May 7, with a webcast investor conference call hosted by CEO Mark LaVigne and CFO John Drabik. The call will be accessible on their website for interested parties.

Energizer Holdings, Inc. (ENR) announced results for the first fiscal quarter ended December 31, 2023. Net sales decreased 6.3% and organic net sales declined 7.4% compared to the prior year, in line with the financial outlook. Gross margin improved by 50 bps, operating cash flow was $178.1 million, and debt paydown was $78 million. Project Momentum total estimated program savings were increased to $160-180 million, and fiscal year outlook for net sales, adjusted EPS, and adjusted EBITDA was reaffirmed. The battery business experienced volume declines of approximately 7%, and gross margin percentage on a reported basis was 37.3% versus 39.0% in the prior year. SG&A expenses increased to 16.4% of net sales, A&P expense decreased by $6.4 million, and adjusted EBITDA was $132.9 million. Operating cash flow was $178.1 million with free cash flow exceeding 21% of net sales, and long-term debt paydown in the first quarter was approximately $78 million. Fiscal year 2024 outlook includes organic revenue to be flat to down low single digits, adjusted EBITDA in the range of $600-620 million, and adjusted EPS in the range of $3.10-3.30.

Energizer Holdings, Inc. (ENR) declared a dividend of $0.30 per share on its common stock, payable on March 14, 2024, to shareholders of record as of February 21, 2024.

Energizer Holdings, Inc. (NYSE: ENR) will report its First Quarter Fiscal Year 2024 results before the market opens on February 6. The investor conference call will be webcast and hosted by Mark LaVigne, CEO, and John Drabik, CFO. Interested parties may access the live webcast at www.energizerholdings.com. A replay will be available for those unable to participate.

Energizer Holdings, Inc. (ENR) reports 2.6% increase in net sales for Q4 and 2.0% organic growth. Gross margin up 380 basis points to 40.0%. Operating cash flow of $395.2 million. Reduced net leverage by 0.6 times in fiscal 2023. For fiscal 2024, expects flat to low single-digit decline in organic revenue, with Adjusted EBITDA and earnings per share to be up low single digits.

Energizer Holdings, Inc. declares a dividend of $0.30 per share on its common stock. The dividend will be paid on December 14, 2023, to shareholders of record as of November 29, 2023.

Energizer Holdings to report Q4 and FY 2023 results on November 14

Energizer Holdings, Inc. (NYSE: ENR) announced a 3.9% decrease in net sales and 2.7% decrease in organic net sales for the third fiscal quarter. The company's gross margin was 37.9%, and 38.8% on an adjusted basis, showing sequential improvement driven by Project Momentum initiatives. Operating cash flow was $296.3 million, with free cash flow exceeding 12% of Net Sales year-to-date. The company also reaffirms fiscal year outlook for adjusted earnings per share and adjusted EBITDA at the low end of the original range.