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Mar 31, 2022
Energizer Q2 2022 Earnings Report
Energizer's financial performance remained stable with slight organic growth and strategic pricing actions that offset inflationary pressures.
Key Takeaways
Energizer Holdings, Inc. announced fiscal 2022 second quarter results, reporting net sales of $685.4 million, roughly flat compared to the prior year, with organic growth of 1.3%. The company is increasing its full year Net sales outlook to low single digit growth and reaffirming its fiscal year outlook for Adjusted earnings per share and Adjusted EBITDA.
Net sales of $685.4 million, roughly flat to prior year, with organic growth of 1.3%.
Pricing actions across both segments and strong auto care demand drove the sales.
Increased fiscal year Net Sales guidance to low single digit growth.
Reaffirming fiscal year outlook for Adjusted earnings per share and Adjusted EBITDA.
Energizer
Energizer
Energizer Revenue by Segment
Revenue by Segment
Auto Care Revenue
CapyFin.com Forward Guidance
The company is increasing its previously communicated full year Net sales outlook to low single digit growth. The current operating environment remains volatile, but as a result of our pricing actions and cost management efforts we are reaffirming our guidance for Adjusted earnings per share of $3.00 to $3.30 and Adjusted EBITDA of $560 million to $590 million.
Positive Outlook
- Delivered a strong first half performance.
- Executed pricing initiatives across the globe.
- Expect further benefit to sales from pricing initiatives.
- Reaffirming guidance for Adjusted earnings per share.
- Reaffirming guidance for Adjusted EBITDA.
Challenges Ahead
- The current operating environment remains volatile.
- Higher input costs compressed the current period gross margin.
- Slightly higher SG&A.
- Unspecified risks related to global economic and financial market conditions.
- Uncertainty related to the conflict between Russia and Ukraine and the COVID-19 pandemic.