NYSE$ENR
Energizer Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Energizer reported a net sales increase of 3.2% driven by organic growth, and launched Project Momentum to restore margins.
Energizer Holdings, Inc. announced its fourth fiscal quarter and full fiscal year results, with net sales up 3.2% compared to the prior year, driven by organic growth of 7.4%, primarily due to pricing actions. The company also announced Project Momentum, a profit recovery program, with targeted annualized savings of $80 to $100 million over the next two fiscal years.
- Net Sales for the fourth quarter up 3.2% to prior year, driven by organic growth of 7.4%, primarily due to pricing actions.
- Free cash flow in the fourth quarter at 12% of Net Sales and net debt decreased by over $100 million.
- Company expects to deliver low single digit organic revenue growth, Adjusted EBITDA in the range of $585 to $615 million and Adjusted earnings per share in the range of $3.00 to $3.30 for fiscal 2023.
- Announces Project Momentum, a profit recovery program, with targeted annualized savings of $80 to $100 million over the next two fiscal years.
Headline financials
Revenue & EPS history
Energizer · Revenue · Quarterly
$790M
Revenue by segment
Energizer · $151M total across 1 segment · Q4 2022
- Auto Care$151M-5.3%100.0%
Forward guidance
The Company expects organic revenue to increase low single digits. Adjusted EBITDA is expected to be in the range of $585 million to $615 million, and Adjusted earnings per share is expected to be in the range of $3.00 to $3.30 for fiscal 2023.
Tailwinds
- We expect organic revenue to increase low single digits, as continued pricing actions are partially offset by category volume declines across both the battery and auto care segments.
- Adjusted EBITDA is expected to be in the range of $585 million to $615 million, up approximately 10% on a currency-neutral basis at the mid-point.
- Adjusted earnings per share is expected to be in the range of $3.00 to $3.30, up approximately 12% on a currency-neutral basis at the mid-point.
- Project Momentum has targeted annualized pre-tax savings of approximately $80 million to $100 million, with approximately $30 million to $40 million of those savings to be recognized in fiscal 2023.
- The restructuring component is estimated to generate annualized pre-tax savings of approximately $65 million to $80 million of the total savings.
Headwinds
- We also expect low single digit declines for reported revenues when considering negative currency headwinds of approximately $90 million, based on September 2022 rates.
- We anticipate negative currency headwinds on earnings of approximately $27 million and $0.30 per share based on September 2022 rates.
- category volume declines across both the battery and auto care segments.
- anticipated one-time pre-tax costs of $40 million to $50 million over the next two years related to restructuring component.
- inflation on our input costs
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 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
| 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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