Energizer Holdings (ENR) shares surged 8.40% in pre-market trading on Monday, following the release of its fiscal 2025 third-quarter results that exceeded analysts' expectations. The battery manufacturer reported adjusted earnings per share of $1.13, significantly surpassing the consensus estimate of $0.62 and marking a 43% increase from the same period last year.

The company's impressive performance was underpinned by robust sales figures, with quarterly revenue rising 3.4% to $725.3 million, outpacing the analyst forecast of $692.9 million. Energizer's gross margin also showed notable improvement, with the adjusted gross margin increasing by 330 basis points to 44.8%.

Adding to the positive sentiment, Energizer raised its full-year guidance, now projecting adjusted earnings per share between $3.55 and $3.65, up from the previous range of $3.30 to $3.50. The company also revised its net sales growth forecast to 1% to 3% for the fiscal year. CEO Mark LaVigne attributed the improved outlook to higher earnings generated by pricing strategies, tariff mitigation efforts, and the inclusion of production credits, reflecting the success of the company's Project Momentum initiative launched three years ago to enhance margins and operational agility.