NYSE$ENR

Energizer Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Energizer's financial performance remained stable with slight organic growth and strategic pricing actions that offset inflationary pressures.

Energizer Holdings, Inc. announced fiscal 2022 second quarter results, reporting net sales of $685.4 million, roughly flat compared to the prior year, with organic growth of 1.3%. The company is increasing its full year Net sales outlook to low single digit growth and reaffirming its fiscal year outlook for Adjusted earnings per share and Adjusted EBITDA.

  • Net sales of $685.4 million, roughly flat to prior year, with organic growth of 1.3%.
  • Pricing actions across both segments and strong auto care demand drove the sales.
  • Increased fiscal year Net Sales guidance to low single digit growth.
  • Reaffirming fiscal year outlook for Adjusted earnings per share and Adjusted EBITDA.

Headline financials

Total Revenue

$685M

Previous: $685M+0.0%
EPS (adj)

$0.47

Previous: $0.77-39.0%
Adjusted EBITDA

$115M

No prior period
Capital Expenditures

$21.5M

No prior period
Free Cash Flow

$19M

Previous: -$6.7M+383.6%
Net Income

$19M

Previous: -$10.2M+286.3%
Operating Income

$75.4M

Previous: -$13.7M+650.4%
Gross Profit

$238M

Previous: $271M-11.9%
Cash & Equivalents

$213M

Previous: $261M-18.3%
Total Assets

$5.16B

Previous: $4.94B+4.5%
Stock-Based Comp

$5.1M

Previous: $5.4M-5.6%

Revenue & EPS history

Energizer · Revenue · Quarterly

$685M

Q2 2022+0%vs Q2 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Energizer · $169M total across 1 segment · Q2 2022

  • Auto Care
    $169M+21.6%

Forward guidance

The company is increasing its previously communicated full year Net sales outlook to low single digit growth. The current operating environment remains volatile, but as a result of our pricing actions and cost management efforts we are reaffirming our guidance for Adjusted earnings per share of $3.00 to $3.30 and Adjusted EBITDA of $560 million to $590 million.

Tailwinds

  • Delivered a strong first half performance.
  • Executed pricing initiatives across the globe.
  • Expect further benefit to sales from pricing initiatives.
  • Reaffirming guidance for Adjusted earnings per share.
  • Reaffirming guidance for Adjusted EBITDA.

Headwinds

  • The current operating environment remains volatile.
  • Higher input costs compressed the current period gross margin.
  • Slightly higher SG&A.
  • Unspecified risks related to global economic and financial market conditions.
  • Uncertainty related to the conflict between Russia and Ukraine and the COVID-19 pandemic.

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 2022

Historical avgQ2 2022

-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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