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Energizer Holdings, Inc. reports developments across its branded consumer products business, including primary batteries, coin lithium batteries, portable lights, and auto care products for appearance, performance, refrigerant, and fragrance applications. Its updates commonly cover the Batteries & Lights and Auto Care segments, brand activity for Energizer, Eveready, Rayovac, Varta, Armor All, STP, A/C Pro, and related labels, and product launches such as Energizer Ultimate Child Shield coin lithium batteries.
Company announcements also address fiscal results, sales trends, margin drivers, tariff and input-cost effects, cash flow, debt reduction, dividend declarations, and integration of the completed Advanced Power Solutions acquisition. The recurring themes center on branded battery demand, auto care seasonality, retail distribution, ecommerce, pricing actions, and portfolio innovation.
Energizer Holdings (NYSE: ENR) has successfully refinanced and extended its credit facilities, including a $760 million Term Loan and $500 million Revolving Credit Facility. The leverage-neutral transactions maintain similar interest rates while extending maturities, with the Term Loan now maturing in 2032 and the Revolving Credit Facility in 2030.
The refinancing extends existing maturities by over four years and increases the company's weighted average maturity by more than one year. The new Term Loan will bear interest at SOFR plus 200 basis points annually, while the Revolving Credit Facility's interest rate will be SOFR plus an applicable margin based on leverage.
Energizer Holdings (ENR) reported strong fiscal 2025 first quarter results with Net sales growing 2.1% to $731.7 million and organic Net sales increasing 3.8%. The company achieved growth across both Battery and Auto Care segments.
Key financial highlights include:
- Gross margin of 36.8% (40.0% adjusted)
- Earnings per share of $0.30 ($0.67 adjusted, up 14%)
- Net leverage reduced to 4.7 times
- Free cash flow of $42.4 million (5.8% of Net sales)
The company increased its fiscal 2025 organic Net sales outlook to 2-3% growth and reaffirmed its adjusted earnings per share guidance of $3.45-$3.65 and Adjusted EBITDA guidance of $625-645 million.
Energizer Holdings (NYSE: ENR) has announced the launch of 100% recyclable plastic-free packaging for its battery portfolio. The new paper-based packaging features a user-friendly design that enhances shopping, opening, and storage experience. The initiative will begin rolling out at Walmart stores nationwide in March 2025, with other North American retailers following later in the year.
The redesigned packaging includes features like easy-to-store boxes and a slim design that increases shelf capacity. For retailers, the new format offers shelf-ready display trays to save restocking time. Once all retail partners complete the transition, over 90% of the brand's North American portfolio will have plastic-free packaging.
Energizer Holdings (NYSE: ENR) has announced a quarterly dividend declaration. The Board of Directors has approved a dividend of $0.30 per share on its common stock. Shareholders who are recorded as of the close of business on February 20, 2025, will receive the dividend payment on March 13, 2025.
Energizer Holdings (NYSE: ENR) has announced it will release its First Quarter Fiscal Year 2025 financial results before market opening on February 4, 2025. The company will host an investor conference call and webcast at 10 a.m. ET on the same day, featuring CEO Mark LaVigne and CFO John Drabik.
The webcast will be accessible through the company's website at energizerholdings.com under the Investors and Events & Presentations sections. For those unable to attend the live event, a replay will be available on the company's website under the Past Events tab.
Energizer Holdings (ENR) reported fiscal 2024 results with net sales of $2.89 billion, down 2.5% from prior year. The company delivered adjusted earnings per share of $3.32, up 7% year-over-year, exceeding initial guidance. Gross margin improved to 38.3%, with adjusted gross margin at 40.9%, up 190 basis points from prior year. Operating cash flow reached $429.6 million, with free cash flow at 11.7% of net sales. The company reduced net leverage to 4.9x through $200 million debt reduction. For fiscal 2025, ENR projects organic revenue growth of 1-2% and adjusted EBITDA between $625-645 million.
Energizer Holdings (NYSE: ENR) announced that its Board of Directors has declared a quarterly dividend of $0.30 per share on its common stock. The dividend will be paid on December 12, 2024 to shareholders of record as of the close of business on November 27, 2024.
Armor All has announced its new Podium Series, a premium automotive care product line developed in collaboration with Oracle Red Bull Racing. The series features innovative formulations including hybrid ceramic technology and patent-pending innovations. Products include wash & shine, tire shine, detailers, protectants, and air fresheners with racing-themed designs.
The partnership, which began in 2021, leverages Formula 1's global audience of over 1 billion viewers and Oracle Red Bull Racing's championship success. The Podium Series will debut at the SEMA Show in November 2024 and will be available at major retailers worldwide in early 2025.
Energizer Holdings (NYSE: ENR) announced it will release its Fourth Quarter and Fiscal Year 2024 financial results before market opening on November 19. The company will host an investor conference call and webcast at 10 a.m. ET, led by CEO Mark LaVigne and CFO John Drabik. The webcast will be accessible through the company's website under the Investors section, with a replay available afterward. Energizer is a global manufacturer of primary batteries, portable lights, and auto care products, with brands including Energizer, Armor All, Eveready, Rayovac, and STP.
Energizer Holdings (NYSE: ENR) reported Q3 fiscal 2024 results with net sales increasing 0.3% to $701.4 million, driven by 1.2% organic growth. Gross margin improved 160 basis points to 39.5%, or 270 basis points to 41.5% on an adjusted basis. The company recorded a loss per share of $0.61 due to a non-cash impairment charge, but adjusted EPS rose 46% to $0.79. Energizer paid down $150 million of debt year-to-date and expects fiscal year adjusted EPS and EBITDA to be at the high end of original guidance. The company projects FY2024 organic revenue to decline about 2%, with adjusted EBITDA between $610-$620 million and adjusted EPS of $3.20-$3.30.