Battery manufacturer Energizer Holdings, Inc. (ENR) on Tuesday reported lower first-quarter earnings, as a decline in revenue and higher one-off items weighed on profitability.
Net income fell to $10.1 million, or $0.15 per share, from $28.3 million, or $0.39 per share in the prior-year quarter, impacted by a $25.6 million settlement loss related to the termination of a U.K. pension plan.
Excluding one-time items, earnings increased to $65.1 million or $0.94 per share from $49.4 million or $0.67 per share a year earlier.
Net sales declined to $643.3 million from $662.9 million a year ago.
For the full year, the company now expects adjusted earnings per share to be at the high end of its previously provided range of $3.30 to $3.60, supported by the benefit of a tariff refund.
For the third quarter, adjusted EPS is expected between $0.75 and $0.85.
Energizer shares were gaining more than 2% in pre-market trading after closing at $19.34 on Monday.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.