NYSE$ENR

Energizer Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Energizer reported a net sales increase of 28.8% driven by acquisitions, while organic net sales decreased by 3.4%.

Energizer Holdings, Inc. announced its fiscal 2020 first quarter results, with net sales increasing by 28.8% to $736.8 million due to the impact of acquisitions. Diluted net earnings from continuing operations per common share was $0.60, and Adjusted Diluted net earnings from continuing operations per common share was $0.85. The company reaffirmed its full-year guidance for fiscal 2020.

  • Net sales increased 28.8% to $736.8 million due to acquisitions.
  • Diluted net earnings from continuing operations per common share was $0.60.
  • Adjusted Diluted net earnings from continuing operations per common share was $0.85.
  • Reaffirming guidance for Fiscal 2020, including Net sales, Adjusted Diluted EPS from continuing operations, Adjusted EBITDA and Adjusted Free cash flow.

Headline financials

Total Revenue

$737M

Previous: $572M+28.8%
EPS (adj)

$0.85

Previous: $1.64-48.2%
Net Sales Growth

28.8%

No prior period
Free Cash Flow

$46.1M

Previous: $70.8M-34.9%
Net Income

$46.1M

Previous: $70.8M-34.9%
Operating Income

$149M

Previous: $111M+34.7%
Gross Profit

$301M

Previous: $276M+9.4%
Cash & Equivalents

$294M

Previous: $607M-51.7%
Total Assets

$5.57B

Previous: $4.42B+26.1%
Stock-Based Comp

$7.2M

Previous: $6.5M+10.8%

Revenue & EPS history

Energizer · Revenue · Quarterly

$737M

Q1 2020+28.8%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Energizer · $701M total across 2 segments · Q1 2020

  • Batteries & Lights
    $622M
  • Auto Care
    $78.7M

Forward guidance

The Company is reaffirming all aspects of its previously provided financial outlook for Fiscal 2020 with reported Net sales growth of 9% to 10%, including organic growth in combined battery of 1% to 2% and combined auto care growing at 3.5%, Adjusted Diluted EPS from continuing operations of $3.00 to $3.20, Adjusted EBITDA of $610 to $640 million and Adjusted Free cash flow of $310 to $340 million.

Tailwinds

  • Net sales growth of 9% to 10%
  • Organic growth in combined battery of 1% to 2%
  • Combined auto care growing at 3.5%
  • Adjusted Diluted EPS from continuing operations of $3.00 to $3.20
  • Adjusted EBITDA of $610 to $640 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.9%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-2.1%

Avg return

30 days after

42%

18 / 43 earnings

Positive

+19.9%

Q1 2016

Best reaction

-18.6%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-8.2%-2.5%-2.4%
Q1 2026-0.1%-4.1%-17.4%
Q4 2025-18.6%-23.4%-15.2%
Q2 2025-7.8%-16.7%-14.8%
Q1 2025-3.3%-5.4%-10.8%
Q4 2024+10.3%+12.2%+4.2%
Q3 2024+2.5%+2.3%+8.0%
Q2 2024-0.5%+2.1%-2.6%
Q1 2024+2.6%+1.0%-9.0%
Q4 2023+0.1%-4.3%-4.3%
Q3 2023-3.0%-3.6%-2.2%
Q2 2023+8.8%+7.1%+2.0%
Q1 2023-5.1%-4.7%-6.2%
Q4 2022+8.1%+8.3%+14.7%
Q3 2022+0.8%+5.8%-6.9%
Q2 2022+3.6%+11.0%-0.8%
Q1 2022+1.8%-0.2%-10.7%
Q4 2021+3.6%+0.5%+2.2%
Q3 2021-2.5%-0.3%-3.1%
Q2 2021-1.3%-5.0%-12.2%
Q1 2021-1.6%-1.2%-3.3%
Q4 2020-10.5%-10.7%-10.2%
Q3 2020-10.5%-11.8%-13.6%
Q2 2020+8.2%+9.7%+27.3%
Q1 2020+2.8%+5.9%-7.7%
Q4 2019+15.7%+15.2%+19.4%
Q3 2019-13.6%-6.2%+1.5%
Q2 2019-8.9%-8.4%-8.4%
Q1 2019-1.3%-2.9%-7.1%
Q4 2018-10.7%-16.9%-11.4%
Q3 2018-2.3%+1.2%-0.1%
Q2 2018-5.0%-3.3%+6.6%
Q1 2018+9.3%+4.4%+4.6%
Q4 2017+1.8%+5.7%+14.8%
Q3 2017-11.1%-12.6%-5.6%
Q2 2017-3.4%-4.3%-2.9%
Q1 2017+5.5%+2.9%+10.0%
Q4 2016-4.0%-5.1%-4.1%
Q3 2016-2.8%-1.5%-2.1%
Q2 2016-0.5%
Q1 2016+19.9%
Q4 2015-9.7%
Q3 2015+2.8%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013

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