Energizer Eyes Low End Of FY22 Profit Forecast Post Mixed Q3 Results

Energizer Holdings Inc ENR reported third-quarter FY22 sales growth of 0.86% year-on-year to $728 million, missing the consensus of $747.47 million.
The gross margin for the quarter expanded 110 basis points to 39%.
Selling, general and administrative expenses rose 11.5% to $118.9 million.
The company held $199.5 million in cash and equivalents as of June 30, 2022.
Adjusted EBITDA of $145.5 million increased 0.7% Y/Y.
Adjusted EPS of $0.77 beat the analyst consensus of $0.76.
Outlook: Energizer sees FY22 adjusted EBITDA at the lower end of $560 million - $590 million.
The company sees FY22 Adjusted EPS at the lower end of $3.00 - $3.30, versus the Street view of $3.19.
Price Action: ENR shares are trading higher by 3.73% at $31.68 on the last check Monday.

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