NYSE$ENR
Energizer Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Energizer's third quarter performance in fiscal year 2024 was announced, marked by organic net sales growth and adjusted earnings per share increase.
Energizer Holdings, Inc. reported a 0.3% increase in net sales, driven by a 1.2% organic net sales growth. The adjusted earnings per share increased by 46% compared to the prior year. The company expects to be at the top end of its adjusted earnings per share guidance for the year.
- Net sales increased by 0.3% driven by organic Net sales growth of 1.2% versus the prior year.
- Gross margin improved 160 basis points over prior year, up 270 basis points on an adjusted basis.
- Adjusted Earnings per share were $0.79, an increase of approximately 46% over prior year.
- Paid down $150 million of debt year to date.
Headline financials
Revenue & EPS history
Energizer · Revenue · Quarterly
$701M
Revenue by segment
Energizer · $155M total across 1 segment · Q4 2023
- Auto Care$155M+2.4%100.0%
Forward guidance
For fiscal 2024, Energizer expects organic revenue to be down roughly 2%. Adjusted EBITDA is expected to be in the range of $610 million to $620 million and Adjusted earnings per share to be in the range of $3.20 to $3.30. For the fourth quarter, the company expects organic revenue to be roughly flat and Adjusted earnings per share to be in the range of $1.10 to $1.20.
Tailwinds
- Adjusted EBITDA to be in the range of $610 million to $620 million.
- Adjusted earnings per share to be in the range of $3.20 to $3.30.
- For the fourth quarter, organic revenue to be roughly flat.
- Adjusted earnings per share to be in the range of $1.10 to $1.20 for Q4.
- Project Momentum total savings have increased and now are expected to be in the range of $180 to $200 million over the life of the program.
Headwinds
- Organic revenue to be down roughly 2% for fiscal year 2024.
- Cash costs to achieve Project Momentum savings over this same period are expected to be $150 to $170 million.
- For fiscal year 2024, one-time cash costs to achieve Project Momentum savings are expected to be between $70 to $80 million.
- Net loss for the quarter is driven by the $110.6 million non-cash pre-tax impairment charge recorded on the Company's indefinite lived intangibles.
- Pricing declines of 3.4%, primarily within Battery & Lights, driven by planned strategic pricing and promotional investments in the quarter.
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 2024
-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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