Energizer Reports Fiscal 2Q:21 Results

(Energizer Holdings, 10.May.2021) — Energizer Holdings, Inc. (NYSE: ENR) announced results for the second fiscal quarter, which ended 31 March 2021.  

“Building on the momentum of our first quarter, we delivered strong performance across all categories and geographies resulting in 12.7% organic sales growth for the second quarter,” said Mark LaVigne, Chief Executive Officer.  “We now expect 5% to 7% topline growth for fiscal 2021.  The combination of the strong demand for our brands and products with our improving cost control raises our full fiscal year outlook for Adjusted earnings per share to $3.30 to $3.50 and Adjusted EBITDA to $620mn to $640mn.” 

Highlights

– Strong top-line growth globally across battery and auto resulted in reported Net sales of $685.1mn, up 16.7% with organic growth of 12.7%.

– Diluted net loss from continuing operations per common share of $0.21 driven by a loss in connection with debt refinancing of $0.78 per share.

– Adjusted diluted net earnings from continuing operations per common share increased 108% to $0.77 compared to $0.37 in the prior year second quarter¹.

– Increased full year outlook to 5% to 7% Net sales growth, $3.30 to $3.50 for Adjusted earnings per share and $620mn to $640mn for Adjusted EBITDA.

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