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Energizer Holdings, Inc.
$1.5B
Market Cap
7.1
P/E
0.60
PEG
11.3%
ROCE
156.4%
ROE
20.64
D/E
15.3%
OPM
-26.2%
% from 52W High
29
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for ENR including FX impact
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📈 Price History
Ratio Health
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By Category
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About

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers household batteries, including primary, rechargeable, specialty, and hearing aid under the Energizer, Eveready, Rayovac, and Varta brands; and protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners, and washes under the Armor All, Nu Finish, Refresh Your Car!, LEXOL, Eagle One, NEVR-DULL, California Scents, Driven, Bahama & Co, Carnu, Grand Prix, Kit, Tempo, and Centralsul brands. The company also provides fuel and oil additives, functional fluids, and other performance chemical products under the STP brand; automotive air conditioning recharge products, other refrigerant and recharge kits, sealants, and accessories under the A/C PRO brand name. In addition, it distributes and markets lighting products comprising handheld, headlights, lanterns, and area lights; flashlights under the Hard Case, Dolphin, and WeatherReady brands; and licenses brands to developing consumer solutions in solar, automotive batteries, portable power for critical devices, generators, power tools, household light bulbs, and other lighting products. The company sells its products through direct sales force, distributors, and wholesalers, as well as retail locations, mass merchandisers and warehouse clubs, food, drug and convenience stores, electronics specialty stores and department stores, hardware and automotive centers, e-commerce, and military stores. Energizer Holdings, Inc. was incorporated in 2015 and is headquartered in Saint Louis, Missouri.

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📊 MIXED Energizer guides to high end of FY2026 earnings, expects organic sales inflection in Q3
Revenue & Profitability
Explicit revenue and net income figures for the quarter were not provided in the transcript. The company reported a $65 million receivable related to tariff refunds, with $48 million recognized in the second quarter. Management expects to deliver the high end of its fiscal 2026 earnings outlook. Fourth quarter gross margin is anticipated to be in the low 40s on a normalized basis.
Outlook
Management sees a cautious consumer seeking value but notes stable category dynamics. The battery category in the U.S. has shown volume and value growth over the last 13 weeks. Auto care is entering peak season with a slightly slower start due to colder weather and consumer caution. The company expects organic net sales growth to inflect in Q3 and Q4.
Growth Drivers
Key growth levers include the integration of the APS business, new innovation launches (e.g., Energizer Ultimate Child Shield, Armor All Podium Series), distribution wins, and accepted pricing. The company is also expanding Armor All Podium Series from 15,000 to 25,000 retail locations.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Gross margins have improved by 360 basis points over the last three years. The second quarter benefited from a $48 million tariff refund credit. The company expects fourth quarter gross margin to normalize in the low 40s, with ongoing tariff costs of about $15 million per quarter. Supply chain initiatives and network optimization are supporting margin recovery.
Key Risks
Risks flagged include a cautious and value-seeking consumer, potential macro headwinds from higher gas prices, and timing uncertainty around receiving tariff refunds. The Middle East conflict caused a 50 basis point drag on revenue due to held-up shipments. Commodity and transportation cost increases are potential headwinds for fiscal 2027.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-08-04
Organic growth and margin recovery continued, with gross margin up 430+ bps and Q4 EPS growth of 25% expected. Guidance was revised lower due to softer battery category trends, but strong free cash flow and debt reduction remain on track.
Q2 2026 Q2 2026 2026-05-05
Disciplined execution in pricing, supply chain, and cost structure drove Q2 margin gains, aided by a $48M tariff credit. Organic sales growth is expected in the second half, with full-year earnings at the high end of guidance despite a cautious consumer and macro headwinds.
Q1 2026 Q1 2026 2026-02-05
First quarter results exceeded expectations, with strong cash generation, debt reduction, and market share gains. Gross margin is set to expand sequentially, and significant growth is expected in the back half of the year, driven by stabilized demand and supply chain improvements.
Q4 2025 Q4 2025 2025-11-18
Strong fiscal 2025 results were driven by e-commerce, international growth, and operational savings, despite tariff headwinds and softer consumer demand. Guidance for 2026 is conservative, with double-digit EPS growth expected after a transitional Q1, supported by ongoing cost initiatives and APS integration.
Q3 2025 Q3 2025 2025-08-04
Strong Q3 results exceeded expectations, driven by margin restoration, organic growth, and effective tariff mitigation. Outlook for fiscal 2025 is raised, with continued earnings growth expected in 2026, supported by production credits and recent acquisitions.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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