Energizer Holdings ( (ENR) ) has released its Q4 earnings. Here is a breakdown of the information Energizer Holdings presented to its investors.
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Energizer Holdings, Inc., a prominent player in the consumer goods sector, specializes in manufacturing batteries and portable lighting products, alongside a line of auto care products. The company is recognized for its innovation and global market reach.
In its fiscal 2024 report, Energizer Holdings announced that it met its net sales and adjusted EBITDA expectations, with adjusted earnings per share exceeding projections. The company also highlighted a significant improvement in gross margin due to strategic initiatives such as Project Momentum.
For the fiscal year, Energizer reported net sales of $2.887 billion, a slight decrease from the previous year. However, adjusted earnings per share saw a 7% increase, reaching $3.32. The company successfully reduced its net leverage to 4.9 times, aided by a $200 million debt paydown and growth in adjusted EBITDA. Additionally, Energizer achieved free cash flow of $339 million, representing 11.7% of net sales.
Looking ahead to fiscal 2025, Energizer expects organic revenue growth of 1% to 2%, with adjusted EBITDA projected between $625 million and $645 million. The company remains focused on enhancing its strategic and financial foundation, aiming for consistent growth and improved operating margins.
Energizer’s management expresses confidence in the company’s ability to deliver on its financial goals, driven by ongoing strategic initiatives and a solidified operational groundwork as it enters the new fiscal year.
