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NEW YORK - Energizer Holdings Inc. (NYSE:ENR) reported better-than-expected first quarter earnings and revenue on Tuesday, but provided weaker-than-anticipated guidance for the current quarter.
Shares of Energizer were down 1.27% in early trading following the results and guidance.
The battery and lighting products maker posted adjusted earnings per share of $0.67 for Q1, topping analyst estimates of $0.65. Revenue came in at $731.7 million, slightly above the $729.61 million consensus forecast.
However, Energizer’s outlook for Q2 fell short of expectations. The company sees Q2 EPS in the range of $0.60-$0.70, below the $0.76 per share analysts were projecting.
For the full fiscal year 2025, Energizer forecasts EPS of $3.45-$3.65, compared to the $3.54 consensus estimate.
"We are very pleased to have started fiscal 2025 with a strong top and bottom line performance as we continued to execute our strategies successfully," said CEO Mark LaVigne.
The company reported organic net sales growth of 3.8% in Q1, with increases in both its Batteries & Lights and Auto Care segments. Adjusted gross margin improved 50 basis points year-over-year to 40%.
Energizer said it reduced its net leverage to 4.7 times, driven by debt paydown and adjusted EBITDA growth. The company raised its full-year organic net sales growth outlook to 2-3%, up from previous guidance.
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