Welcome to our dedicated page for Energizer Hldgs news (Ticker: ENR), a resource for investors and traders seeking the latest updates and insights on Energizer Hldgs stock.
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) 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.
Energizer Holdings, Inc. (NYSE: ENR) has announced a quarterly dividend on its common stock. The Board of Directors has declared a dividend of $0.30 per share, which will be payable on September 10, 2024. Shareholders of record as of the close of business on August 22, 2024 will be eligible to receive this dividend. This announcement demonstrates Energizer's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite current market conditions.
Energizer Holdings (NYSE: ENR) will release its Third Quarter Fiscal Year 2024 results on August 6, 2024, before the market opens. The report will be discussed during a webcast conference call at 10 a.m. ET, hosted by CEO Mark LaVigne and CFO John Drabik.
The webcast can be accessed live via Energizer's website, with a replay available later for those unable to attend. Energizer, headquartered in St. Louis, is a leading global manufacturer and distributor of batteries, portable lights, and auto care products, with brands like Energizer, Armor All, and Rayovac among others.
For more information, visit the company's website or access the original press release.
Energizer Holdings, Inc. reported a 3.0% decrease in net sales and a 2.7% decline in organic net sales for the fiscal 2024 second quarter. The Auto Care segment saw a 2.3% increase in net sales. Gross margin improved by 120 basis points, with adjusted gross margin up by 260 basis points. Earnings per share was $0.45 and adjusted earnings per share was $0.72, marking a 13% increase over the prior year. The company reaffirmed its fiscal year outlook for net sales, adjusted earnings per share, and adjusted EBITDA.
Energizer Holdings, Inc. (ENR) declared a quarterly dividend of $0.30 per share for its common stock. The dividend will be paid on June 12, 2024, to shareholders of record as of May 22, 2024.
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