NYSE$ENR

Energizer Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Energizer's Q4 2024 performance saw net sales of $805.7 million and adjusted EPS of $1.22, driven by solid performances in both Battery and Auto Care segments and benefits from Project Momentum initiatives.

Energizer Holdings, Inc. reported fourth-quarter net sales of $805.7 million, with adjusted earnings per share of $1.22. Solid performances in both Battery and Auto Care segments, coupled with the benefits of Project Momentum initiatives, drove adjusted earnings growth above initial expectations. The company expects fiscal 2025 organic revenue growth of 1% to 2% and Adjusted EBITDA and Adjusted earnings per share in the ranges of $625 to $645 million and $3.45 to $3.65, respectively.

  • Delivered fiscal 2024 Net Sales and Adjusted EBITDA in line with our outlook, and Adjusted EPS above our originally guided range.
  • Gross margin for the full year was 38.3% and on an adjusted basis 40.9%, up 190 basis points to prior year largely driven by the benefits of Project Momentum initiatives.
  • Reduced net leverage to 4.9 times in fiscal 2024 driven by $200 million of debt pay down and Adjusted EBITDA growth.
  • Company expects fiscal 2025 organic revenue growth of 1% to 2% and Adjusted EBITDA and Adjusted earnings per share in the ranges of $625 to $645 million and $3.45 to $3.65, respectively.

Headline financials

Total Revenue

$806M

Previous: $811M-0.7%
EPS (adj)

$1.22

Previous: $1.20+1.7%
Net Sales Growth

0.0%

No prior period
Adjusted Gross Margin

42.2%

Previous: 40.0%+5.5%
Gross Margin

38.1%

No prior period
Adjusted EBITDA

$187M

No prior period
A&P Expense as % of Net Sales

4.6%

No prior period
SG&A as % of Net Sales

15.3%

No prior period
Capital Expenditures

-$27.4M

Previous: $21.4M-228.0%
Net Income

$47.6M

Previous: $19.7M+141.6%
Operating Income

$59.5M

Previous: $22.6M+163.3%
Gross Profit

$307M

Previous: $307M-0.2%
R&D Expense

$8.5M

No prior period
Stock-Based Comp

$4M

Previous: $4.6M-13.0%

Revenue & EPS history

Energizer · Revenue · Quarterly

$806M

Q4 2024-0.7%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Energizer · $155M total across 1 segment · Q4 2023

  • Auto Care
    $155M+2.4%

Forward guidance

For fiscal 2025, the Company expects to continue to execute against priorities while growing Adjusted EBITDA and EPS. The Company expects organic revenue to be up 1% to 2%. For fiscal 2025, Adjusted EBITDA is expected to be in the range of $625 million to $645 million, and Adjusted earnings per share is expected to be in the range of $3.45 to $3.65.

Tailwinds

  • Increase in revenues
  • Implementing the last year of Project Momentum initiatives are expected to drive an increase in Adjusted EBITDA.
  • Expect organic revenue to be up 1% to 2%.
  • Adjusted EBITDA is expected to be in the range of $625 million to $645 million.
  • Adjusted earnings per share is expected to be in the range of $3.45 to $3.65.

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 2024

Historical avgQ4 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

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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