Energizer Hldgs Inc Stock Price, News & Analysis

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.

Energizer Holdings (NYSE: ENR) announced the declaration of dividends for common and preferred stock. A quarterly dividend of $0.30 per share of common stock will be paid on September 14, 2021, to shareholders on record as of August 24, 2021. Additionally, a quarterly dividend of $1.875 per share of 7.50% Series A mandatory convertible preferred stock will be distributed on October 15, 2021, for shareholders listed as of October 1, 2021. This move reflects the company's commitment to returning value to its shareholders.