NYSE$ENR
Energizer Holdings Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Energizer had a strong start to the year with solid first quarter results.
Energizer Holdings, Inc. reported a strong first quarter with net sales of $848.6 million, up 15.2%, driven by organic growth of 12.7%. Diluted net earnings per common share were $0.91 compared to $0.60 in the prior year, and adjusted diluted net earnings per common share were $1.17 compared to $0.85 in the prior year. The company is updating its full year fiscal 2021 guidance for adjusted earnings per share to a range of $3.10 to $3.40.
- Strong top-line growth across both segments, with fiscal first quarter reported net sales of $848.6 million, up 15.2%, driven by organic growth of 12.7%.
- Diluted net earnings from continuing operations per common share of $0.91 in the first fiscal quarter compared to $0.60 in the prior year first quarter. Adjusted Diluted net earnings from continuing operations per common share of $1.17 compared to $0.85 in the prior year first quarter.
- Updating full year fiscal 2021 guidance for Adjusted earnings per share up to a range of $3.10 to $3.40.
- Refinanced existing debt with $1.2 billion in Term Loans resulting in $25 million of annual interest expense savings.
Headline financials
Revenue & EPS history
Energizer · Revenue · Quarterly
$849M
Revenue by segment
Energizer · $808M total across 2 segments · Q1 2021
- Batteries & Lights$706M+13.5%87.4%
- Auto Care$102M+29.4%12.6%
Forward guidance
As a result of our first quarter results and the expected interest expense savings from the refinancing, we are updating our full year fiscal 2021 outlook for revenue growth and Adjusted EBITDA to the high end of our previously disclosed range and our Adjusted earnings per share range to $3.10 to $3.40.
Tailwinds
- Revenue growth updated to the high end of previously disclosed range.
- Adjusted EBITDA updated to the high end of previously disclosed range.
- Adjusted earnings per share range updated to $3.10 to $3.40.
- Expected interest expense savings from refinancing.
- Working capital investments planned in the back half of fiscal 2021.
Headwinds
- Significant uncertainty from the pandemic.
- Related impacts on consumer demand.
- Related impacts on costs to operate.
- Will continue to monitor these impacts closely.
- Will provide any updates to our outlook in future filings.
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 2021
-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
| Quarter | Report date | Reaction (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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