Energizer Hldgs Inc Stock Price, News & Analysis

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.

Energizer Holdings Inc. (NYSE: ENR) is set to release its third quarter fiscal 2021 results before the market opens on August 9. The company will also host a conference call for investors on the same day at 10 a.m. ET, featuring CEO Mark LaVigne and other executives. Interested parties can access the live webcast through the company’s website, and a replay will be available post-event. Energizer, a leading manufacturer of batteries and consumer products, aims to deliver value through its well-known brands.

Energizer Holdings (NYSE: ENR) announced the retirement of Timothy W. Gorman as Executive Vice President and CFO, effective October 1, 2021. John Drabik will succeed Gorman, having been with the company for nearly two decades and holding various finance roles. The transition aims to maintain continuity in leadership. Gorman will assist in the process until December 31, 2021. Drabik expressed confidence in Energizer's direction and growth potential. The company emphasized succession planning as a commitment to stability and operational excellence.

Energizer Holdings, Inc. (NYSE: ENR) has successfully completed a €650 million offering of 3.500% senior notes maturing in 2029. The net proceeds will be used to redeem existing €650 million 4.625% senior notes due 2026 and cover related expenses. The redemption of the 2026 notes is scheduled for July 9, 2021. The notes were offered to qualified institutional buyers and comply with U.S. regulations. This strategic financing aims to optimize the company's debt profile and financial flexibility.

Energizer Holdings, Inc. (NYSE: ENR) announced a €650 million offering of 3.5% senior notes due 2029, priced at 100% of the principal amount. The net proceeds will fund the redemption of the Issuer's outstanding €650 million 4.625% senior notes due 2026 and cover related expenses. The offering is set to close on June 23, 2021. The notes are offered to qualified institutional buyers and non-U.S. persons under Rule 144A and Regulation S of the Securities Act. This move reflects strategic financial management aimed at optimizing debt obligations.

Energizer Holdings, Inc. (NYSE: ENR) announced a €650 million offering of senior notes due 2029 by its subsidiary, Energizer Gamma Acquisition B.V. The proceeds will fund the conditional redemption of its existing €650 million 4.625% Senior Notes due 2026 and cover associated fees. The redemption is set for July 9, 2021, contingent on market conditions. The new notes are offered to qualified buyers under Rule 144A and Regulation S, exempt from registration under the Securities Act. The offering's completion is uncertain.