Energizer Hldgs Inc Stock Price, News & Analysis

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.

Armor All®, a global leader in auto care products, has appointed Jenson Button, the 2009 Formula 1 World Champion, as its first global brand ambassador. This multi-year partnership aims to enhance Armor All®’s marketing efforts globally, particularly in Europe, Latin America, and Asia. Button will participate in international campaigns and share car care tips via social media. Energizer Holdings, the parent company, emphasizes its commitment to expanding brand awareness and distribution for Armor All® products worldwide.

Energizer Holdings (NYSE: ENR) has appointed Don Mulligan as an independent director, effective April 1, 2021. Mulligan, who previously served as CFO of General Mills, brings over 30 years of experience in the consumer products sector. His expertise aligns with Energizer's strategic goals to enhance operational excellence and drive growth. This change comes as Alan Hoskins, the former CEO, retires from the Board, marking a planned transition. The Board will now consist of 11 directors, with 10 being independent.

Energizer Holdings, Inc. (NYSE: ENR) will host a fireside chat featuring CEO Mark LaVigne and CFO Tim Gorman at the 2021 Truist Securities Conference on February 23, 2021, at 10:00 AM ET. The discussion will be available via webcast on Energizer's website in the Investors and Events section. Based in St. Louis, Missouri, Energizer is a major player in the manufacturing and distribution of batteries and automotive care products, with renowned brands like Energizer®, Armor All®, and Rayovac®.

Energizer Holdings, Inc. (ENR) reported strong first fiscal quarter results for 2021 ending December 31, with net sales of $848.6 million, a 15.2% increase from the prior year. Organic sales grew 12.7%, driven by new distribution and elevated demand. Adjusted earnings per share guidance is raised to $3.10 to $3.40. Gross margin slightly decreased to 40.7% due to incremental COVID-19 costs. However, operational efficiencies and refinancing efforts are expected to save $25 million in annual interest expenses. Free cash flow remained strong at $90.2 million.

Energizer Holdings, Inc. (NYSE: ENR) has declared dividends for its common and preferred stock. A quarterly dividend of $0.30 per share on common stock is set for payment on March 11, 2021, with a record date of February 19, 2021. The preferred stock will receive a quarterly dividend of $1.875 per share, payable on April 15, 2021, to shareholders of record as of April 1, 2021. This dividend declaration demonstrates Energizer's commitment to returning value to shareholders.