Quarterly ResultMay 5, 2026, 03:31 PM
Energizer Q2 Net Earnings $10.1M, EPS $0.15; Project Momentum Extended
AI Summary
Energizer Holdings reported a significant decline in net earnings and diluted EPS for the quarter ended March 31, 2026, with net sales also decreasing. For the six-month period, net earnings saw a substantial drop despite a slight increase in net sales and a strong improvement in net cash from operating activities. The company extended its Project Momentum restructuring program into a fourth year, increasing cost expectations, and recorded a non-cash loss from the termination of its U.K. pension plan.
Key Highlights
- Net sales for the quarter ended March 31, 2026, were $643.3 million, down from $662.9 million in the prior year.
- Net earnings for the quarter were $10.1 million, a significant decrease from $28.3 million in the prior year.
- Diluted net earnings per common share for the quarter were $0.15, down from $0.39 in the prior year.
- Net cash from operating activities for the six months ended March 31, 2026, increased to $147.8 million from $64.2 million.
- Project Momentum restructuring program was extended to a fourth year, with estimated costs between $60.0 million and $70.0 million.
- Batteries & Lights segment net sales for the quarter were $473.2 million, down from $488.0 million.
- Auto Care segment net sales for the quarter were $170.1 million, down from $174.9 million.
- A non-cash settlement loss of $26.1 million was recorded due to the termination of the U.K. pension plan.
Price Impact
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