- 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.
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