Energizer Hldgs Inc Stock Price, News & Analysis

Energizer Holdings (NYSE: ENR) announced the retirement of CEO Alan R. Hoskins, effective January 1, 2021, after nearly 40 years with the company. Mark S. LaVigne, currently President and COO, will succeed him. The Board has expressed confidence in LaVigne's leadership during this transition. Hoskins has significantly contributed to Energizer's growth, leading two key acquisitions and boosting financial performance, including five consecutive years of organic sales growth. His advisory role will continue until September 30, 2021. The company continues to focus on innovation and market leadership.

Energizer Holdings, Inc. (NYSE: ENR) will share its Fourth Quarter Fiscal 2020 results before market openings on November 12, 2020. The results will be discussed in a conference call starting at 10 a.m. ET on the same day, hosted by CEO Alan Hoskins, COO Mark LaVigne, and CFO Tim Gorman. Investors can access the live webcast on Energizer's website. A replay will be available afterward under the "Past Events" section. Energizer is a leading global manufacturer of batteries and related products, focusing on delivering value to its customers.

Energizer Holdings (NYSE: ENR) announced the successful completion of an $800 million private offering of 4.375% senior notes due 2029. The proceeds will fund the redemption of $750 million in 6.375% senior notes due 2026, with the redemption set for October 16, 2020. The new notes are guaranteed by certain domestic subsidiaries and offered to qualified institutional buyers. The offering, exempt from registration under the Securities Act, underscores Energizer's strategic financial maneuvering, aiming to enhance its financial structure.

Energizer Holdings, Inc. (NYSE: ENR) has priced an offering of $800 million in 4.375% senior notes due 2029, set to close on or around September 30, 2020. The proceeds will be used to fully redeem $750 million of existing 6.375% senior notes due 2026 and cover related fees and expenses. The offering is aimed at qualified institutional buyers under Regulation S and Rule 144A. The notes will be guaranteed by select domestic subsidiaries, and the offering is exempt from registration under the Securities Act.

Energizer Holdings, Inc. (NYSE: ENR) announced an $800 million offering of senior notes due 2029 and plans for a conditional redemption of $750 million of outstanding senior notes due 2026. The company aims to use net proceeds to fund the redemption and cover associated expenses. The offering is subject to market conditions and is exempt from registration under the Securities Act of 1933. The redemption date for the 2026 notes is set for October 16, 2020, contingent on the successful completion of the new notes offering.

Energizer Holdings (NYSE: ENR) has reaffirmed its Fiscal Year 2020 outlook, anticipating adjusted EBITDA between $575 million and $585 million. The company expects adjusted diluted EPS of $2.45 to $2.55 and free cash flow exceeding $300 million. Reported net sales are forecasted to grow by 9.5% to 11%, reflecting strong demand for batteries and auto care products. Incremental costs related to COVID-19 are estimated at $23 million. Energizer has also repaid $200 million of its revolving credit facility, indicating strong cash flow performance.

Energizer Holdings reported its Q3 2020 results, highlighting net earnings from continuing operations of $29 million ($0.37 per share), up from $9.2 million ($0.07 per share) last year. Adjusted net earnings rose to $38.5 million ($0.50 per share). Net sales grew by 1.7% to $658 million, driven by a 3.4% organic increase. Despite $9 million in pandemic-related operational costs and higher interest expenses, gross margin improved to 40%. For FY2020, the company anticipates net sales growth of 9-10% and adjusted EPS of $2.45-$2.55, factoring in COVID-19 impacts.

Energizer Holdings has declared dividends for common and preferred stock. A quarterly dividend of $0.30 per share on common stock will be paid on September 10, 2020, to shareholders on record as of August 20, 2020. For preferred stock, a dividend of $1.875 per share will be payable on October 15, 2020, to shareholders on record as of October 1, 2020. Energizer is a leading manufacturer of batteries and related products, boasting brands like Energizer®, Armor All®, and Rayovac®.

Energizer Holdings, Inc. (NYSE: ENR) will announce its Third Quarter Fiscal 2020 results before the market opens on August 5, 2020. An investor conference call to discuss the results will be held on the same day at 10 a.m. ET, hosted by CEO Alan Hoskins, COO Mark LaVigne, and CFO Tim Gorman. Interested parties can access the live webcast on the company’s website. A replay will also be available afterwards under the "Investors" section of the site.