Strong Financial Performance
Energizer improved adjusted gross margins by 190 basis points and delivered free cash flow of nearly $340 million. Adjusted earnings per share of $3.32 exceeded the top end of the original outlook.
Debt Reduction Achievements
The company paid down $200 million of debt, reducing leverage to below 5x.
E-commerce Growth
E-commerce grew by roughly 15% in fiscal 2024, with expectations to double that growth rate in fiscal 2025.
Innovation and New Product Lines
Introduction of the Armor All Podium Series and new battery innovations like 3-in-1 coin lithium Child Shield and plastic-free packaging.
Positive Outlook for 2025
Expectations for 1% to 2% organic sales growth, adjusted EBITDA between $625 million and $645 million, and adjusted earnings per share between $3.45 and $3.65.