Organic Sales Growth and Gross Margin Expansion
Energizer experienced a fourth consecutive quarter of organic sales growth at 1.5%, and gross margins expanded by 30 basis points to 40.8%.
Battery Business Performance
The battery segment grew 3% organically, benefiting from significant distribution wins in the US and strong international results.
Podium Series Launch
The new Podium Series product line in the Auto Care segment contributed to a 5.5% organic growth in the appearance business, with distribution in over 15,000 stores.
Refinancing and Financial Health
Energizer refinanced its $500 million revolving credit facility and extended the maturity of its Term Loan B, improving financial stability.