Energizer Holdings to Discuss Fourth Quarter and Fiscal Year 2024 Results on November 19
Friday, Oct 25, 2024 6:10 pm ET
2min read Energizer Holdings, Inc. (NYSE: ENR) has announced that it will webcast a discussion of its Fourth Quarter and Fiscal Year 2024 results on November 19, 2024. The event will begin at 10 a.m. ET and will be hosted by Mark LaVigne, Chief Executive Officer, and John Drabik, Chief Financial Officer. Interested parties can access the live webcast at or through the "Investors" and "Events & Presentations" tabs on the company's website.
Energizer Holdings is a global manufacturer and distributor of primary batteries, portable lights, and auto care products. Its portfolio includes well-known brands such as Energizer, Armor All, Eveready, Rayovac, STP, Varta, A/C Pro, and Refresh Your Car! The company's mission is to be the leader in its categories by better serving consumers and customers.
The company's recent financial performance has shown steady improvement. In the second fiscal quarter ended March 31, 2024, Energizer reported a 3.0% decrease in Net sales, with organic Net sales declining by 2.7%. However, the Auto Care segment's Net sales increased by 2.3%, driven by 2.4% organic growth. Gross margin improved by 120 basis points, with adjusted gross margin increasing by 260 basis points. The company delivered earnings per share of $0.45 and adjusted earnings per share of $0.72, an increase of approximately 13% over the prior year on an adjusted basis.
In the third fiscal quarter ended June 30, 2024, Energizer's Net sales increased by 0.3%, driven by organic Net sales growth of 1.2%. Gross margin improved by 160 basis points, with adjusted gross margin increasing by 270 basis points. The company reported a non-cash impairment resulting in a loss per share of $0.61, but adjusted earnings per share were $0.79, an increase of approximately 46% over the prior year. Energizer also paid down $150 million of debt year to date.
Energizer's organic net sales growth has been relatively stable over the past year, with a slight increase in the third quarter. The company's adjusted gross margin has shown consistent improvement, with a significant increase in the third quarter. Adjusted earnings per share have also increased, with a notable jump in the third quarter.
Energizer's debt repayment and capital allocation strategies have contributed to its strong financial performance. The company has paid down significant amounts of debt in the first half of the year and generated substantial free cash flow. This has allowed Energizer to invest in its strategic priorities and capitalize on improving category dynamics.
In conclusion, Energizer Holdings' upcoming webcast of its Fourth Quarter and Fiscal Year 2024 results is an opportunity for investors to learn more about the company's financial performance and strategic initiatives. The company's recent financial results demonstrate steady improvement in gross margin and earnings per share, driven by organic net sales growth and debt repayment. As Energizer continues to focus on its strategic priorities, investors can expect the company to deliver strong financial performance and create long-term value for shareholders.
Energizer Holdings is a global manufacturer and distributor of primary batteries, portable lights, and auto care products. Its portfolio includes well-known brands such as Energizer, Armor All, Eveready, Rayovac, STP, Varta, A/C Pro, and Refresh Your Car! The company's mission is to be the leader in its categories by better serving consumers and customers.
The company's recent financial performance has shown steady improvement. In the second fiscal quarter ended March 31, 2024, Energizer reported a 3.0% decrease in Net sales, with organic Net sales declining by 2.7%. However, the Auto Care segment's Net sales increased by 2.3%, driven by 2.4% organic growth. Gross margin improved by 120 basis points, with adjusted gross margin increasing by 260 basis points. The company delivered earnings per share of $0.45 and adjusted earnings per share of $0.72, an increase of approximately 13% over the prior year on an adjusted basis.
In the third fiscal quarter ended June 30, 2024, Energizer's Net sales increased by 0.3%, driven by organic Net sales growth of 1.2%. Gross margin improved by 160 basis points, with adjusted gross margin increasing by 270 basis points. The company reported a non-cash impairment resulting in a loss per share of $0.61, but adjusted earnings per share were $0.79, an increase of approximately 46% over the prior year. Energizer also paid down $150 million of debt year to date.
Energizer's organic net sales growth has been relatively stable over the past year, with a slight increase in the third quarter. The company's adjusted gross margin has shown consistent improvement, with a significant increase in the third quarter. Adjusted earnings per share have also increased, with a notable jump in the third quarter.
Energizer's debt repayment and capital allocation strategies have contributed to its strong financial performance. The company has paid down significant amounts of debt in the first half of the year and generated substantial free cash flow. This has allowed Energizer to invest in its strategic priorities and capitalize on improving category dynamics.
In conclusion, Energizer Holdings' upcoming webcast of its Fourth Quarter and Fiscal Year 2024 results is an opportunity for investors to learn more about the company's financial performance and strategic initiatives. The company's recent financial results demonstrate steady improvement in gross margin and earnings per share, driven by organic net sales growth and debt repayment. As Energizer continues to focus on its strategic priorities, investors can expect the company to deliver strong financial performance and create long-term value for shareholders.
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