NYSE$ENR
Energizer Holdings Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Energizer's financial performance improved in the second quarter of fiscal year 2021, with strong top-line growth and increased adjusted earnings per share.
Energizer Holdings, Inc. reported net sales of $685.1 million, a 16.7% increase, with organic growth of 12.7%. Adjusted diluted net earnings per share increased by 108% to $0.77. The company has increased its full year outlook to 5% to 7% net sales growth and $3.30 to $3.50 for adjusted earnings per share.
- Net sales increased by 16.7% to $685.1 million, with organic growth of 12.7%.
- Adjusted diluted net earnings per share rose by 108% to $0.77.
- The company finalized the refinancing of its existing debt, contributing to a reduction in interest expense of $8.1 million.
- Full year outlook increased to 5% to 7% Net sales growth, $3.30 to $3.50 for Adjusted earnings per share and $620 to $640 million for Adjusted EBITDA.
Headline financials
Revenue & EPS history
Energizer · Revenue · Quarterly
$685M
Revenue by segment
Energizer · $652M total across 2 segments · Q2 2021
- Batteries & Lights$513M+19.9%78.7%
- Auto Care$139M+6.7%21.3%
Forward guidance
Energizer updated its full year fiscal 2021 outlook.
Tailwinds
- Net sales growth is now expected to be between 5% to 7%, attributed to distribution gains, elevated battery demand and favorable currency impacts.
- Adjusted gross margin rate is expected to be essentially flat on a year-over-year basis as synergies and the impacts of favorable currency are expected to offset inflationary cost pressures and mix shifts. This full-year rate is consistent with our previously provided outlook.
- Adjusted earnings per share is now expected to be in the range of $3.30 to $3.50.
- Adjusted EBITDA is now expected to be in the range of $620 to $640 million.
- The company expects benefits from synergies and favorable currency impacts.
Headwinds
- Adjusted free cash flow is now expected to be at the low end of our previously provided range of $325 to $350 million due to working capital requirements, primarily related to inventory, as we look to rebuild safety stock and meet increased demand.
- The company began lapping the COVID elevated demand levels for batteries late in the second quarter.
- In the third and fourth quarter, the company anticipates year-over-year declines as they approach more normalized levels for both categories.
- Fiscal 2020 included COVID-related costs of $36 million, including interest expense, which were heavily weighted to the back half of the year.
- Inflationary cost pressures and mix shifts are expected.
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 Q2 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro