Energizer Hldgs Inc Stock Price, News & Analysis

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.

Energizer Holdings, Inc. (NYSE: ENR) announced significant price increases across its global battery business, including alkaline, lithium, carbon zinc, and rechargeable products, effective throughout fiscal 2022. This move, driven by rising costs in commodities, freight, and labor, aims to offset inflation. The company expects enhanced financial outcomes in the latter half of fiscal 2022 as these price changes take effect. Energizer has also raised prices in over 85% of its North American business and plans similar actions internationally. Fiscal 2021 outlook remains unchanged.

Energizer Holdings (NYSE: ENR) reported strong second-quarter results with a 12.7% organic sales growth, reaching net sales of $685.1 million, up from $587.0 million year-over-year. The company now projects a 5% to 7% growth for fiscal 2021, with adjusted earnings per share expected between $3.30 to $3.50. Despite a slight decrease in gross margin, adjusted EBITDA rose to $147.6 million, driven by revenue growth and cost synergies. The outlook reflects strong demand for battery products and improved cost control.

Energizer Holdings (NYSE: ENR) declared quarterly dividends: $0.30 per share for common stock, payable on June 15, 2021, for shareholders recorded by May 24, 2021. Preferred stockholders will receive $1.875 per share for the 7.50% Series A mandatory convertible preferred stock, payable on July 15, 2021, for those recorded by July 1, 2021. Energizer, headquartered in St. Louis, is a leading manufacturer of batteries and consumer products, aiming to provide exceptional value.

Armor All has announced a global, multi-year partnership with Red Bull Racing Honda, aimed at enhancing brand awareness and consumer engagement internationally. This collaboration positions Armor All as the team's official auto cleaning and care partner, featuring its branding on race cars and team apparel. The partnership also opens avenues for product development and promotional activities aligned with Formula One events, focusing on expanding Armor All's reach in Europe, Latin America, and Asia.

Energizer Holdings (NYSE: ENR) will announce its Second Quarter Fiscal 2021 results on May 10, 2021, prior to market opening. The subsequent investor conference call will be held at 10 a.m. ET on the same day, featuring key executives including CEO Mark LaVigne and CFO Tim Gorman. Interested parties can access the live webcast through the company's investor relations page. A replay will also be available for those unable to attend the live session.