Energizer Holdings reports 6% adjusted EPS increase

By Hao Liu • Tuesday, November 18 12:08 • Permanent Link

Energizer Holdings, Inc. has announced its fiscal 2025 fourth quarter and full-year results, along with the financial outlook for fiscal 2026. Here are the highlights from the press release:

Net sales for the fourth fiscal quarter increased by 3.4% to $832.8 million, driven by acquisition net sales of $42.8 million, partially offset by an organic net sales decline of 2.2%.
For the full fiscal year, net sales increased by 2.3% to $2,952.7 million, with organic net sales growth of 0.7%.
Reported EPS for the full year was $3.32, and adjusted EPS was $3.52, reflecting a 6% increase on an adjusted basis.
Net earnings for the full year were $239.0 million, and adjusted EBITDA was $623.6 million.
The company extended its Project Momentum, which surpassed over $200 million in savings during the three-year program, into a fourth year, focusing on ongoing tariff mitigation, increasing operational efficiency, and integrating the aps business.
Gross margin percentage for fiscal 2025 was 41.7%, an improvement from 38.3% in the prior year. Adjusted gross margin was 40.9%, consistent with the prior year.
SG&A for fiscal 2025 was $495.5 million, or 16.8% of net sales, compared to $473.1 million, or 16.4% of net sales in the prior year, when excluding certain costs. The increase was primarily driven by expenses from the aps business, investment in digital transformation, and increased legal and recycling fees.
Advertising and promotion expense (A&P) was 4.1% of net sales for the fourth fiscal quarter and 5.1% of net sales for fiscal 2025.
The company repurchased 1.2 million shares of common stock for $27.1 million during the fourth fiscal quarter and paid dividends of $21.3 million.
For fiscal 2026, the company expects organic net sales to be flat to slightly up in both batteries and lights and auto care. It anticipates delivering adjusted earnings per share for the full year in the range of $3.30 to $3.60 and adjusted EBITDA in the range of $580 million to $610 million.

In conjunction with the announcement, Energizer Holdings, Inc. will hold an investor conference call to discuss these financial results and the financial outlook for fiscal 2026. Following these announcements, the company's shares moved -0.13%, and are now trading at a price of $23.85. If you want to know more, read the company's complete 8-K report here.

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