Energizer Holdings ( (ENR) ) has released its Q1 earnings. Here is a breakdown of the information Energizer Holdings presented to its investors.
Energizer Holdings, Inc., a prominent player in the consumer goods sector, specializes in the production and distribution of batteries, lights, and auto care products worldwide. Known for its innovation in power solutions, the company continues to enhance its offerings across various markets.
Energizer Holdings has reported a commendable start to its fiscal year 2025, reflecting notable growth in both sales and earnings. For the first quarter ending December 31, 2024, the company achieved a 2.1% increase in net sales and a 3.8% rise in organic net sales, driven by robust performance in both the Battery and Auto Care divisions. The company also reported a significant 14% increase in adjusted earnings per share, showcasing effective strategy execution.
Key financial metrics from the first quarter indicate a gross margin of 36.8%, with an adjusted gross margin of 40.0%, marking a 50 basis point improvement compared to the previous year. Additionally, Energizer reduced its net leverage to 4.7 times, aided by debt repayment and adjusted EBITDA growth. The company also maintained strong free cash flow and continued its strategic investments in innovation, distribution, and digital commerce.
Looking ahead, Energizer has revised its organic net sales growth outlook for fiscal year 2025 to 2% to 3%, while reaffirming its projections for adjusted earnings per share and adjusted EBITDA. The company’s management remains confident in their strategic direction and ability to deliver consistent annual earnings growth and long-term shareholder value.
Overall, Energizer Holdings’ first quarter results underscore a positive trajectory, with strategic initiatives and market dynamics favoring its continued growth in the consumer goods industry.