Why Energizer (ENR) Stock Is Gaining Today - Energizer Hldgs (NYSE:ENR)

Battery-maker Energizer Holdings Inc ENR reported fourth-quarter FY22 sales growth of 3.2% year-on-year to $790.40 million, beating the consensus of $774.92 million.
The gross margin for the quarter contracted 40 basis points to 36.1%.
Selling, general and administrative expenses fell 1.4% to $120.1 million.
The company held $205.3 million in cash and equivalents as of September 30, 2022.
Adjusted EBITDA of $146 million increased 7.4% Y/Y.
Adjusted EPS of $0.82 beat the analyst consensus of $0.78.
Outlook: Energizer expects FY23 organic revenue to increase low single digits. It expects low single digit declines for reported revenues.
The company sees FY23 Adjusted EPS of $3.00 - $3.30 versus the Street view of $3.25.
ENR expects Adjusted EBITDA of $585 million - $615 million, up approximately 10% on a currency-neutral basis at the mid-point.
Price Action: ENR shares are trading higher by 7.26% at $31.75 on the last check Tuesday.

EVEREADY-Maker Energizer's Stock Charges Up On Solid Q4 Beat, Upbeat FY23 Outlook