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Sep 30, 2024
Energizer Q4 2024 Earnings Report
Energizer's Q4 2024 performance saw net sales of $805.7 million and adjusted EPS of $1.22, driven by solid performances in both Battery and Auto Care segments and benefits from Project Momentum initiatives.
Key Takeaways
Energizer Holdings, Inc. reported fourth-quarter net sales of $805.7 million, with adjusted earnings per share of $1.22. Solid performances in both Battery and Auto Care segments, coupled with the benefits of Project Momentum initiatives, drove adjusted earnings growth above initial expectations. The company expects fiscal 2025 organic revenue growth of 1% to 2% and Adjusted EBITDA and Adjusted earnings per share in the ranges of $625 to $645 million and $3.45 to $3.65, respectively.
Delivered fiscal 2024 Net Sales and Adjusted EBITDA in line with our outlook, and Adjusted EPS above our originally guided range.
Gross margin for the full year was 38.3% and on an adjusted basis 40.9%, up 190 basis points to prior year largely driven by the benefits of Project Momentum initiatives.
Reduced net leverage to 4.9 times in fiscal 2024 driven by $200 million of debt pay down and Adjusted EBITDA growth.
Company expects fiscal 2025 organic revenue growth of 1% to 2% and Adjusted EBITDA and Adjusted earnings per share in the ranges of $625 to $645 million and $3.45 to $3.65, respectively.
Revenue by Segment
Forward Guidance
For fiscal 2025, the Company expects to continue to execute against priorities while growing Adjusted EBITDA and EPS. The Company expects organic revenue to be up 1% to 2%. For fiscal 2025, Adjusted EBITDA is expected to be in the range of $625 million to $645 million, and Adjusted earnings per share is expected to be in the range of $3.45 to $3.65.
Positive Outlook
- Increase in revenues
- Implementing the last year of Project Momentum initiatives are expected to drive an increase in Adjusted EBITDA.
- Expect organic revenue to be up 1% to 2%.
- Adjusted EBITDA is expected to be in the range of $625 million to $645 million.
- Adjusted earnings per share is expected to be in the range of $3.45 to $3.65.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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