ENERGIZER HOLDINGS (ENR) Company Report

Energizer's Q1 fiscal year 2026 performance exceeded expectations, showing meaningful progress on restoring growth, rebuilding margins, and returning to its historical cash flow profile.
The company anticipates significant gross margin expansion, with 300 basis points expected from Q1 to Q2, and an additional 300-400 basis points anticipated by year-end. Q1 gross margin was notably impacted by tariffs (300 bps), the Panasonic-branded product sell-through (200 bps hit), and transitional product costs.
Energizer paid down over $100 million of debt in Q1 2026 and is targeting $150 million-$200 million for the full year, aiming for a leverage ratio of five or a little below by year-end. The company also returned nearly $28 million to shareholders through dividends and share repurchases.
Key growth drivers include the APS to Energizer brand transition, projected to contribute over $30 million in organic growth, along with increased distribution and innovation. The year is expected to be back-half weighted for net sales and earnings acceleration.

1 day ago

Transcript

Energizer Reports Strong Q1 2026 Performance and Outlines Margin Expansion and Debt Reduction Plans

ENR

Earnings

Guidance Update

Share Buyback

Energizer's Q1 fiscal year 2026 performance exceeded expectations, demonstrating meaningful progress in restoring growth, rebuilding margins, and returning to historical cash flow.
The company anticipates significant gross margin expansion, with 300 basis points expected from Q1 to Q2 and an additional 300-400 basis points by year-end , ,. This improvement is attributed to factors such as cycling through higher-rate inventory and the non-recurrence of a 200 basis point impact from Panasonic-branded product sales ,.
Energizer paid down over $100 million of debt in Q1 2026 and returned nearly $28 million to shareholders through dividends and share repurchases. The company targets $150 million-$200 million in debt paydown for the full year, aiming for a leverage of 5x or below by year-end.
Organic growth is expected to be driven by the APS to Energizer brand transition, projected to contribute over $30 million primarily in Q3 and Q4, and strengthened distribution ,. The fiscal year 2026 outlook is back-half weighted, projecting a strong acceleration of net sales and earnings in the latter half of the year ,.

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Transcript

Energizer Reports Q1 2026 Financial Results and Reaffirms FY 2026 Outlook

ENR

Earnings

Guidance Update

Demand Weakening

ENR reported Q1 2026 Net Sales of $778.9 million, an increase of 6.5% reported but a 4.3% organic decrease.
Adjusted EPS for Q1 2026 was $0.31, down from $0.67 in the prior year, with an Adjusted Gross Margin of 34.9%, a decrease of 510 basis points.
The company achieved over $100 million in debt paydown and generated $124.2 million in Free Cash Flow in Q1 2026.
ENR reaffirmed its Fiscal Year 2026 outlook, projecting Adjusted EPS between $3.30 and $3.60 and Adjusted EBITDA between $580 million and $610 million.
For Q2 2026, the company expects Organic Net Sales to be (4%) to (5%) and Adjusted EPS between $0.40 and $0.50.

1 day ago

Presentation

Energizer Reports Q1 2026 Results

ENR

Earnings

Guidance Update

Share Buyback

Energizer's Q1 2026 performance exceeded expectations, demonstrating meaningful progress towards restoring growth, rebuilding margins, and returning to its historical cash flow profile.
The company anticipates significant gross margin expansion, with over 300 basis points of sequential improvement from Q1 to Q2, and an additional 300-400 basis points by year-end.
Energizer generated robust cash flow, enabling a debt reduction of over $100 million in Q1, with a full-year target of $150 million-$200 million and an aim to achieve a leverage ratio of 5x or below by year-end.
The APS to Energizer brand transition is projected to contribute over $30 million of organic growth in the year, primarily in the third and fourth quarters.

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Transcript

Energizer Holdings, Inc. Announces Fiscal 2026 First Quarter Results

ENR

Earnings

Guidance Update

Demand Weakening

For the first fiscal quarter ended December 31, 2025, Energizer Holdings, Inc. reported Net sales of $778.9 million, an increase of +6.5%, while Organic Net sales decreased 4.3%. The company posted a loss per share of $(0.05) and Adjusted Earnings per share of $0.31.
The company generated $149.5 million in operating cash flows and $124.2 million in Free cash flow, leading to a debt reduction of over $100 million during the quarter.
Energizer Holdings, Inc. reaffirmed its fiscal year 2026 outlook, expecting Adjusted Earnings per share in the range of $3.30 to $3.60 and Adjusted EBITDA in the range of $580 million to $610 million. Organic Net sales are projected to be flat to slightly up for the full year.
For the second fiscal quarter, the company anticipates Organic Net sales to decline 4% to 5% and expects Adjusted Earnings per share in the range of $0.40 to $0.50.

1 day ago

8-K

Econergy Secures Financing and Partnership for UK Battery Storage Project

ENR

New Projects/Investments

Debt Issuance

Econergy Renewable Energy Ltd. (TASE: ECNR) has reached financial close on its Dalmarnock 40MW / 120MWh battery energy storage system (BESS) project in Scotland.
The company secured £21 million in project finance from Santander UK for the Dalmarnock project.
A long-term optimisation partnership has been established with EDF, which provides a guaranteed minimum income level and retains full upside exposure.
This milestone represents a significant step in Econergy's UK storage strategy, marking its transition from a developer to an operational independent power producer (IPP).

Jan 27, 2026, 11:21 AM

Press Release

ENR Reports Q4 and Fiscal Year 2025 Financial Results

ENR

Earnings

Dividends

Share Buyback

For Fiscal Year 2025, ENR reported net sales of $2,952.7 million, a 2.3% reported increase and 0.7% organic growth, with Adjusted EPS growing 6% to $3.52 and Adjusted EBITDA increasing 1.8% to $623.6 million.
In Q4 2025, net sales were $832.8 million, a 3.4% reported increase, though organic sales decreased 2.2%. Adjusted EPS was $1.05, down from $1.22 in the prior year, and Adjusted EBITDA was $171.2 million, down from $187.3 million in the prior year.
The company returned $177 million to shareholders in FY 2025, including $87 million in dividends and $90 million for share repurchases of 4 million shares.
Project Momentum generated $206 million in savings and contributed to $741 million in cumulative Free Cash Flow over the FY'23-FY'25 period, alongside $254 million in debt paydown.

Nov 18, 2025, 3:00 PM

Presentation

Energizer Reports Fiscal Year 2025 Results and Provides 2026 Outlook

ENR

Earnings

Guidance Update

Demand Weakening

Energizer reported fiscal year 2025 net sales growth of 2.3% to nearly $3 billion and adjusted earnings per share increased 6% to $3.52.
The company returned $177 million to shareholders in fiscal 2025 through dividends and share repurchases, reducing outstanding shares by roughly 5%.
Management expects Q1 2026 to be transitional due to challenging sales comparisons, tariff-related costs, and moderating consumer sentiment, but anticipates double-digit adjusted EPS growth for Q2-Q4 2026.
Project Momentum has achieved over $200 million in savings to date and has been extended for a fourth year, with an additional $15 million-$20 million per year in benefits expected from domestic production credits in 2026.
Energizer's first priority for capital allocation in 2026 is to pay down debt, with an expectation to reduce debt by $150-$200 million.

Nov 18, 2025, 3:00 PM

Transcript

Energizer Reports Fiscal 2025 Results and Provides Fiscal 2026 Outlook

ENR

Earnings

Guidance Update

Demand Weakening

Energizer reported net sales growth of 2.3% to nearly $3 billion and an increase in adjusted earnings per share of 6% to $3.52 for fiscal year 2025.
The company expects a transitional first quarter in fiscal 2026 due to challenging comparisons and tariff-related costs, but anticipates double-digit adjusted earnings per share growth over the subsequent three quarters.
Project Momentum has achieved over $200 million in savings to date, and the company expects an additional $15 million-$20 million annually from domestic production credits starting in fiscal 2026.
Energizer plans to prioritize debt reduction, aiming to pay down $150-$200 million of debt in fiscal 2026, and saw its e-commerce business grow 25% in fiscal 2025, with 15% growth expected in fiscal 2026.

Nov 18, 2025, 3:00 PM

Transcript

Energizer Reports Fiscal Year 2025 Results and Provides 2026 Outlook

ENR

Earnings

Guidance Update

Demand Weakening

Energizer reported fiscal year 2025 net sales growth of 2.3% to nearly $3 billion and an adjusted earnings per share increase of 6% to $3.52.
The company returned $177 million to shareholders in fiscal 2025 through dividends and share repurchases, reducing outstanding shares by approximately 5%.
Project Momentum achieved over $200 million in savings to date and has been extended into a fourth year, focusing on increased operational efficiency and integration.
Energizer anticipates a transitional first quarter for fiscal 2026, with the battery category expected to be down 3%-4%, but projects double-digit adjusted earnings per share growth over the subsequent three quarters.
E-commerce sales grew 35% in Q4 2025 and 25% for the full fiscal year 2025, with 15% growth expected in 2026. The company also plans to pay down $150-$200 million of debt in fiscal 2026.