NYSE$ENR

Energizer Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter fiscal 2022 results, with organic growth primarily due to pricing actions and adjusted EPS up compared to prior year.

Energizer Holdings, Inc. reported net sales of $728.0 million in the third quarter of fiscal year 2022, with organic growth of 3.8% primarily due to pricing actions. Earnings per share was $0.73, and Adjusted Earnings per share was $0.77, up 4% compared to the prior year. Adjusted EBITDA for the quarter was $145.5 million, versus $144.4 million in the prior year.

  • Net sales in the third quarter of $728.0 million, with organic growth of 3.8% primarily due to pricing actions.
  • Earnings per share of $0.73 and Adjusted Earnings per share of $0.77, up 4% compared to prior year.
  • Adjusted EBITDA for the quarter of $145.5 million, versus $144.4 million in the prior year.
  • Gross margin on a reported basis was 39.0% versus 37.9% in the prior year.

Headline financials

Total Revenue

$728M

Previous: $722M+0.9%
EPS (adj)

$0.77

Previous: $0.74+4.1%
Adjusted EBITDA

$146M

No prior period
Capital Expenditures

-$65.8M

Previous: $42.7M-254.1%
Free Cash Flow

-$13.4M

Previous: $20.8M-164.4%
Net Income

$52.4M

Previous: $20.8M+151.9%
Operating Income

$129M

Previous: $132M-2.4%
Gross Profit

$284M

Previous: $273M+3.9%
Cash & Equivalents

$200M

Previous: $208M-3.9%
Total Assets

$5.18B

Previous: $4.98B+4.1%
Stock-Based Comp

$3.5M

Previous: $1.3M+169.2%

Revenue & EPS history

Energizer · Revenue · Quarterly

$728M

Q3 2022+0.9%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Energizer · $196M total across 1 segment · Q3 2022

  • Auto Care
    $196M-4.8%

Forward guidance

Company expects full year Adjusted EBITDA and Adjusted earnings per share to be at the lower end of previously provided outlooks of $560 million to $590 million and $3.00 to $3.30, respectively.

Headwinds

  • Impact of a rapidly appreciating US dollar
  • Exit from the Russia market to result in approximately $20 million, or $0.22 per share, of headwinds in the second half of the year based on current rates.

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 Q3 2022

Historical avgQ3 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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