logo
  

Energizer Holdings Q3 Profit Climbs, Tops Estimates; Now Sees FY22 Adj. EPS At Low End Of View

Battery manufacturer Energizer Holdings, Inc. (ENR) Monday reported that its third -quarter net earnings attributable to common shareholders surged to $52.4 million from last year's $16.8 million. Earnings per share were $0.73, up from $0.24 a year ago.

Adjusted earnings per share were $0.77, compared to $0.74 last year.

Net sales grew to $728.0 million from prior year's $721.8 million. Organic net sales growth was 3.8% primarily due to pricing actions.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.76 per share on sales of $747.47 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead for fiscal 2022, the company now expects fiscal 2022 adjusted earnings per share and adjusted EBITDA to be at the lower end of previously provided outlooks.

For the year, the company was projecting adjusted earnings per share of $3.00 to $3.30 and adjusted EBITDA of $560 million to $590 million.

Analysts estimate earnings of $3.19 per share for the year.

The outlook now reflects the impact of a rapidly appreciating US dollar and the company's exit from the Russia market to result in approximately $20 million, or $0.22 per share of headwinds in the second half of the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases. Ford Motor Co. is seeking a new trial in a Georgia court after a jury reached a $1.7 billion verdict in a lawsuit against the automotive major regarding a truck rollover accident, The Wall Street Journal reported. In the new court filings, Ford said it was unfairly precluded from providing evidence and thus defending against claims that its trucks were defective.
RELATED NEWS
Follow RTT