Overview

* Energizer fiscal Q3 net sales rise 3.4%, beating analysts' expectations, per LSEG data

* Adjusted EPS for fiscal Q3 up 43% yr/yr, beating consensus, per LSEG data

* Co's results aided by production credits and Project Momentum initiatives

Outlook

* Energizer expects FY25 net sales growth of 1% to 3%

* Company raises FY25 adjusted EPS guidance to $3.55 to $3.65

* Energizer sees Q4 net sales growth of 2% to 4%

* Company anticipates Q4 adjusted EPS of $1.05 to $1.15

Result Drivers

* PRODUCTION CREDITS - Co benefited from $112.4 mln production credits related to battery production in U.S. facilities

* PROJECT MOMENTUM - Initiatives delivered savings of approx. $12 mln in the qtr, aiding gross margin improvement

* DISTRIBUTION EXPANSION - Volumes grew 1.7% driven by new and expanded distribution in Battery & Lights

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $725.30 $692.90

mln mln (5

Analysts

)

Q3 Beat $1.13 $0.62 (7

Adjusted Analysts

EPS )

Q3 EPS $2.13

Q3 Gross 55.1%

Margin

Q3 44.8%

Adjusted

Gross

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy."

* Wall Street's median 12-month price target for Energizer Holdings Inc ( ENR ) is $27.00, about 18% above its August 1 closing price of $22.14

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)