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Mar 31
Energizer Q2 2025 Earnings Report
Energizer Holdings, Inc. announced its second fiscal quarter results, highlighting organic growth in net sales and improved gross margin, despite currency headwinds.
Key Takeaways
Energizer Holdings, Inc. reported net sales of $662.9 million for the second fiscal quarter ended March 31, 2025, driven by 1.4% organic growth. The company achieved a gross margin of 39.1% and an adjusted gross margin of 40.8%. Net earnings were $28.3 million, with adjusted diluted EPS of $0.67.
Net sales reached $662.9 million, with organic growth of 1.4%, marking the fourth consecutive quarter of organic revenue growth.
Gross margin improved to 39.1% on a reported basis and 40.8% as adjusted, a 30 basis point improvement over the prior year's adjusted gross margin.
Adjusted diluted earnings per share were $0.67, and Adjusted EBITDA was $140.3 million.
The company anticipates a more cautious consumer environment for the remainder of the year, leading to an updated fiscal 2025 outlook for organic net sales to be flat to up 2%.
Energizer
Energizer
Energizer Revenue by Segment
Revenue by Segment
Batteries & Lights Revenue
CapyFin.comAuto Care Revenue
CapyFin.com Forward Guidance
For fiscal year 2025, Energizer Holdings, Inc. now expects reported and organic Net sales to be in the range of flat to up 2%, Adjusted EBITDA in the range of $610 million to $630 million, and Adjusted earnings per share in the range of $3.30 to $3.50. For the third quarter, reported and organic Net sales are expected to be flat to down 2% and Adjusted Earnings per share in the range of $0.55 to $0.65.
Positive Outlook
- Company expects limited direct impact from tariffs due to completed sourcing shifts and pricing actions.
- Investments in the business are expected to continue driving long-term algorithm and value creation.
- Broadly offset direct impacts of tariffs through sourcing shifts and pricing.
- The recently acquired APS business in Europe is anticipated to be neutral to Adjusted Earnings per share in fiscal 2025.
- Project Momentum initiatives are expected to continue delivering savings.
Challenges Ahead
- Expects a more cautious consumer over the balance of the year.
- Uncertain macro-economic environment is impacting demand in categories.
- Fiscal 2025 organic Net sales outlook revised to flat to up 2% from previous guidance.
- Third quarter reported and organic Net sales expected to be flat to down 2%.
- Adjusted Earnings per share for Q3 expected to be $0.55 to $0.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income