Overview
U.S. battery and auto care products maker's fiscal Q2 sales fell 3%, missing analyst expectations
Adjusted EPS beat analyst expectations
Company updated FY26 outlook to low single digit sales growth, adjusted EPS at high end of range
Outlook
Energizer expects fiscal 2026 net sales to grow low single digits, organic net sales roughly flat
Company sees full-year adjusted EPS at high end of $3.30-$3.60 range, adjusted EBITDA at high end of $580-$610 mln
Energizer anticipates Q3 adjusted EPS of $0.75-$0.85 and low single digit organic net sales growth
Result Drivers
VOLUME DECLINES - Lower volumes from timing shift in battery orders, slower auto care start, and Middle East conflict weighed on organic sales
TARIFF REFUND - Gross margin and adjusted gross margin benefited from $47.6 mln anticipated tariff refund under IEEPA
PRODUCTION TAX CREDITS - Production tax credits of $11.7 mln contributed to gross margin improvement
Company press release: ID:nPn2SVVRBa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$643.30 mln
$655.04 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.94
$0.46 (6 Analysts)
Q2 EPS
$0.15
Q2 Gross Margin
40.20%
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 $20.00, about 3.4% above its May 4 closing price of $19.34
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)