Energizer beats Q3 net sales estimates, raises outlook

Energizer Holdings

04/08/2025 11:09

Overview

Energizer fiscal Q3 net sales rise 3.4%, beating analysts' expectations, per LSEG data

Adjusted EPS for fiscal Q3 up 43% yr/yr, beating consensus, per LSEG data

Co's results aided by production credits and Project Momentum initiatives

Outlook

Energizer expects FY25 net sales growth of 1% to 3%

Company raises FY25 adjusted EPS guidance to $3.55 to $3.65

Energizer sees Q4 net sales growth of 2% to 4%

Company anticipates Q4 adjusted EPS of $1.05 to $1.15

Result Drivers

PRODUCTION CREDITS - Co benefited from $112.4 mln production credits related to battery production in U.S. facilities

PROJECT MOMENTUM - Initiatives delivered savings of approx. $12 mln in the qtr, aiding gross margin improvement

DISTRIBUTION EXPANSION - Volumes grew 1.7% driven by new and expanded distribution in Battery & Lights

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$725.30 mln
$692.90 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$1.13
$0.62 (7 Analysts)
Q3 EPS
$2.13
Q3 Gross Margin
55.1%
Q3 Adjusted Gross Margin
44.8%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 $27.00, about 18% above its August 1 closing price of $22.14

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nPn6K9S5Va

(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.)