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Dec 31, 2024
Energizer Q1 2025 Earnings Report
Energizer's first quarter of fiscal year 2025 showed positive results, with net sales and organic net sales increasing, adjusted gross margin improving, and adjusted earnings per share rising.
Key Takeaways
Energizer Holdings, Inc. reported a 2.1% increase in net sales and a 3.8% increase in organic net sales for the first quarter of fiscal year 2025. Adjusted earnings per share increased by 14%. The company reaffirms its outlook for adjusted earnings per share and adjusted EBITDA.
Net sales for the quarter grew by 2.1%, and organic net sales increased by 3.8%, with organic growth in both Battery and Auto Care.
Gross margin for the first quarter was 36.8%, and adjusted gross margin was 40.0%, a 50 bps improvement over the prior year's adjusted gross margin.
Earnings per share were $0.30, and adjusted earnings per share were $0.67, a 14% increase on an adjusted basis.
Net leverage was reduced to 4.7 times due to debt pay down and adjusted EBITDA growth.
Revenue by Segment
Forward Guidance
For fiscal year 2025, the company expects net sales to be up 1% to 2% and organic net sales to be up 2% to 3%. Adjusted EBITDA is expected to be in the range of $625 million to $645 million, and adjusted earnings per share are expected to be in the range of $3.45 to $3.65. In the second quarter, reported net sales are expected to be flat to up 1%, organic net sales to be up 2% to 3%, and adjusted earnings per share within the range of $0.60 to $0.70.
Positive Outlook
- Net sales to be up 1% to 2%.
- Organic net sales to be up 2% to 3%.
- Adjusted EBITDA to be in the range of $625 million to $645 million.
- Adjusted earnings per share to be in the range of $3.45 to $3.65.
- Organic Net sales to be up 2% to 3%.
Challenges Ahead
- Reported Net sales to be flat to up 1%.
- Adjusted earnings per share within the range of $0.60 to $0.70.
- Global economic and financial market conditions beyond our control might materially and negatively impact us.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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