Free Post Earnings Research Report: Energizer’s Net Sales Rose 4.3%

Stock Monitor: Inter Parfums Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free earnings report on Energizer Holdings, Inc. (NYSE: ENR) (“Energizer”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ENR. The Company reported its second quarter fiscal 2018 operating and financial results on May 02, 2018. The battery and personal care products firm outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Inter Parfums, Inc. (NASDAQ: IPAR), which also belongs to the Consumer Goods sector as the Company Energizer Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Energizer Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q2 FY18, Energizer’s net sales were $374.4 million, reflecting an increase of 4.3% compared to $359.0 million in Q2 FY17. The Company’s organic net sales were up 1.8% on a y-o-y basis in the reported quarter, while favorable currency impacts were 2.5%. Energizer’s revenue numbers beat analysts’ estimates of $373.2 million.

During Q2 FY18, Energizer’s gross margin was 45.0%, down 180 basis points from the prior year’s same quarter, due to a less favorable overhead absorption in the reported quarter; an unfavorable product mix driven by changes related to its portfolio optimization; and increased commodity costs.

During the reported quarter, Energizer’s selling, general, and administration expenses (SG&A), excluding acquisition and integration costs, were $87.7 million, reflecting a decrease of $3.5 million versus the prior year’s comparable quarter. The Company’s SG&A, excluding acquisition and integration costs, was 23.4% of net sales in Q2 FY18 compared to 25.4% in Q2 FY17.

For Q2 FY18, Energizer reported net earnings of $7.8 million, or $0.13 per diluted share, compared to $46.9 million, or $0.75 per diluted share, in Q2 FY17. The Company’s adjusted net earnings were $27.6 million, or $0.45 per diluted share, in the reported quarter compared to $31.4 million, or $0.50 per diluted share, in the prior year’s corresponding quarter. Energizer’s earnings surpassed Wall Street’s estimates of $0.42 per share.

Cash Matters

Energizer’s net cash from operating activities was $160.6 million on a year to date basis, and its adjusted free cash flow was $152.8 million, or 16.1% of net sales, on a year to date basis. The Company’s dividend payments were approximately $17.4 million, or $0.29 per share, in the reported quarter. Energizer repurchased approximately 1,126,000 shares of its common stock for $50.0 million on a year to date basis.

Outlook

For the full fiscal year 2018, Energizer is forecasting net sales to be up low-single digits on a reported basis, and organic net sales to be up low-single digits. The Company’s gross margin rates are now expected to be flat to up 25 basis points versus the prior year, excluding acquisition and integration costs. SG&A as a percentage of net sales is expected to be flat on a y-o-y basis, excluding acquisition and integration costs.

Energizer is projecting adjusted earnings per diluted share to be in the range of $3.30 to $3.40 for FY18, inclusive of the new US tax legislation passed in December 2017, and excluding any impact associated with the Spectrum acquisition. The Company’s adjusted free cash flow is expected to be in the band of $240 million to $250 million for FY18.

Stock Performance Snapshot

June 01, 2018 – At Friday’s closing bell, Energizer’s stock fell 1.07%, ending the trading session at $60.09.

Volume traded for the day: 631.52 thousand shares.

Stock performance in the last month – up 10.52%; previous three-month period – up 8.29%; past twelve-month period – up 9.83%; and year-to-date – up 25.24%

After last Friday’s close, Energizer’s market cap was at $3.63 billion.

Price to Earnings (P/E) ratio was at 28.99.

The stock has a dividend yield of 1.93%.

The stock is part of the Consumer Goods sector, categorized under the Personal Products industry. This sector was up 0.7% at the end of the session.

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