Energizer Holdings Inc. (ENR) announced Tuesday morning that it has completed its initial assessment of its cost structure and operating model. The company expects to achieve gross annualized pre-tax cost savings of $175 to $200 million. The company announced plans to reduce its global workforce, but did not specify the number of jobs it would eliminate.
Energizer Holdings rose sharply in early trade Tuesday and took out the session highs around 1:00PM. The stock ended the day higher by 7.30 at $75.22 on the highest volume of the year. Energizer broke out to a month and a half high and re-crossed both its 50 and 200-day moving averages.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.