NYSE$ENR

Energizer Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Energizer's first quarter of fiscal year 2025 showed positive results, with net sales and organic net sales increasing, adjusted gross margin improving, and adjusted earnings per share rising.

Energizer Holdings, Inc. reported a 2.1% increase in net sales and a 3.8% increase in organic net sales for the first quarter of fiscal year 2025. Adjusted earnings per share increased by 14%. The company reaffirms its outlook for adjusted earnings per share and adjusted EBITDA.

  • Net sales for the quarter grew by 2.1%, and organic net sales increased by 3.8%, with organic growth in both Battery and Auto Care.
  • Gross margin for the first quarter was 36.8%, and adjusted gross margin was 40.0%, a 50 bps improvement over the prior year's adjusted gross margin.
  • Earnings per share were $0.30, and adjusted earnings per share were $0.67, a 14% increase on an adjusted basis.
  • Net leverage was reduced to 4.7 times due to debt pay down and adjusted EBITDA growth.

Headline financials

Total Revenue

$732M

Previous: $717M+2.1%
EPS (adj)

$0.67

Previous: $0.03+2133.3%
Net Sales Growth

0.0%

No prior period
Adjusted Gross Margin

40.0%

No prior period
Gross Margin

36.8%

No prior period
Adjusted EBITDA

$141M

No prior period
A&P Expense as % of Net Sales

7.3%

No prior period
SG&A as % of Net Sales

17.9%

No prior period
Capital Expenditures

-$34.6M

Previous: -$25.5M-35.7%
Net Income

$22.3M

Previous: $1.9M+1073.7%
Operating Income

$30.1M

Previous: $117M-74.2%
Gross Profit

$270M

Previous: $267M+1.0%
R&D Expense

$8M

Previous: $7.8M+2.6%
Stock-Based Comp

$6.2M

Previous: $6.3M-1.6%

Revenue & EPS history

Energizer · Revenue · Quarterly

$732M

Q1 2025+2.1%vs Q1 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Energizer · $155M total across 1 segment · Q4 2023

  • Auto Care
    $155M+2.4%

Forward guidance

For fiscal year 2025, the company expects net sales to be up 1% to 2% and organic net sales to be up 2% to 3%. Adjusted EBITDA is expected to be in the range of $625 million to $645 million, and adjusted earnings per share are expected to be in the range of $3.45 to $3.65. In the second quarter, reported net sales are expected to be flat to up 1%, organic net sales to be up 2% to 3%, and adjusted earnings per share within the range of $0.60 to $0.70.

Tailwinds

  • Net sales to be up 1% to 2%.
  • Organic net sales to be up 2% to 3%.
  • Adjusted EBITDA to be in the range of $625 million to $645 million.
  • Adjusted earnings per share to be in the range of $3.45 to $3.65.
  • Organic Net sales to be up 2% to 3%.

Headwinds

  • Reported Net sales to be flat to up 1%.
  • Adjusted earnings per share within the range of $0.60 to $0.70.
  • Global economic and financial market conditions beyond our control might materially and negatively impact us.
  • Competition in our product categories might hinder our ability to execute our business strategy, achieve profitability, or maintain relationships with existing customers.
  • Changes in the retail environment and consumer preferences could adversely affect our business, financial condition and results of operations.

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 2025

Historical avgQ1 2025

-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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