Overview
Battery maker's fiscal Q1 net sales rose 6.5%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company reduced debt by over $100 mln
Outlook
Energizer reaffirms fiscal year guidance for organic net sales to be flat to slightly up
Company expects full-year adjusted EPS between $3.30 and $3.60
Energizer anticipates Q2 organic net sales to decline 4% to 5%, adj EPS of $0.40 to $0.50
Result Drivers
ACQUISITION IMPACT - The acquisition of APS contributed $64.6 mln to net sales, driving overall sales growth
GROSS MARGIN DECLINE - Gross margin fell due to increased input costs, tariffs, and an unfavorable product mix
CASH GENERATION - Strong cash flow allowed for over $100 mln in debt reduction and shareholder returns
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $778.90 mln | $717.69 mln (3 Analysts) |
Q1 Adjusted EPS | Beat | $0.31 | $0.26 (5 Analysts) |
Q1 EPS | -$0.05 | ||
Q1 Gross Margin | 32.90% | ||
Q1 Free Cash Flow | $124.20 mln | ||
Q1 Operating Cash Flow | $149.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Energizer Holdings Inc is $22.00, about 5.9% below its February 4 closing price of $23.38
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nPnbcgWl5a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)