NYSE$ENR
Energizer Holdings Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Announced fourth quarter and full year results, along with the financial outlook for fiscal year 2021 and a new share repurchase authorization.
Energizer Holdings, Inc. reported strong top-line growth with a fiscal fourth-quarter net sales increase of 6.1% due to organic net sales growth. The company expects to deliver 2% to 4% organic revenue growth for fiscal 2021.
- Net sales were $763.0 million for the fourth fiscal quarter compared to $719.0 million in the prior year period.
- Diluted net loss from continuing operations per common share of $0.67 in the fourth fiscal quarter.
- Adjusted Diluted net earnings from continuing operations per common share of $0.59 in the fourth fiscal quarter.
- Cash flows from operating activities of $157 million in the fourth fiscal quarter and Adjusted free cash flow of $161 million in the fourth fiscal quarter.
Headline financials
Revenue & EPS history
Energizer · Revenue · Quarterly
$763M
Revenue by segment
Energizer · $722M total across 2 segments · Q4 2020
- Batteries & Lights$580M+3.2%80.2%
- Auto Care$143M+19.5%19.8%
Forward guidance
The Company expects to deliver 2% to 4% organic revenue growth, Adjusted EBITDA in the range of $600 to $630 million and Adjusted earnings per share in the range of $2.95 to $3.25 for fiscal 2021.
Tailwinds
- Net Sales growth in the range of 2% to 4% with expected growth in batteries at the low end of the range and auto care at the high end of the range
- Adjusted gross margin to be essentially flat with approximately $15 million of COVID-19 costs expected to be incurred in the first quarter, and an expected sequential improvement in gross margin rate as we progress through 2021
- Adjusted earnings per share in the range of $2.95 to $3.25
- Adjusted EBITDA range of $600 to $630 million
- Adjusted free cash flow in the range of $325 to $350 million dollars, as working capital returns to more normalized levels and we lapped one-time tax items from the prior fiscal year
Headwinds
- Our assumptions for fiscal 2021 do not anticipate any significant disruptions to our global manufacturing plants, distribution centers or customers.
- We assume the retail environment will remain competitive and the commodity costs will be benign.
- Should disruption occur that is prolonged, our expected results may be significantly impacted as we may not be able to supply demand in a timely manner or at all.
- Given the expected growth in fiscal 2021 is off lower-than-previously expected fiscal 2020 results and the uncertainty related to the pandemic, the the Company is withdrawing its pre-pandemic targets for 2022 of $700 million in adjusted EBITDA and $400 million in adjusted free cash flow.
- Approximately $15 million of COVID-19 costs expected to be incurred in the first quarter, and an expected sequential improvement in gross margin rate as we progress through 2021
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 Q4 2020
-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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