Energizer raises FY25 adjusted EPS view to $3.55-$3.65 from $3.30-$3.50

Consensus $3.37. Raises FY25 revenue view to $630M-$640M from $610M-$630M. The company said, “For fiscal 2025, we now expect Net sales growth in the range of 1% to 3%, inclusive of $40 to $50 million of Net Sales from the recently acquired APS NV business. We continue to expect Organic Net sales in the range of flat to +2%. We increased our fiscal 2025 guidance for Adjusted Earnings Per Share to $3.55 to $3.65. Adjusted EBITDA is now expected in the range of $630 to $640 million, including an estimated benefit of $40 to $45 million from production credits, prior to reinvestment. For the fourth quarter, we expect reported Net Sales growth of 2% to 4% and Organic Net Sales in the range of flat to down 2%. We expect fourth quarter gross margin to be impacted by approximately $20 million of costs which we believe are transitory in nature. These costs include tariffs that were levied earlier or at higher than current rates, and short term operational inefficiencies as we strategically realign and invest in our network. Adjusted Earnings Per Share is expected in the range of $1.05 to $1.15, including an estimated benefit of $5 to 10 million from production credits, prior to reinvestment.”