Energizer Holdings Reports FY 2025 Results and Lays Out Outlook for FY 2026

Energizer Holdings, Inc. (NYSE: ENR) on Nov 18 2025 released its financial results for the fourth quarter and full fiscal year ended September 30, 2025, along with its financial outlook for fiscal 2026. FY 2025 in brief: Full‑year net sales rose 2.3 % to $2,952.7 million, up from $2,887.0 million a year earlier. Organic net‑sales growth was modest at 0.7 %, while acquisition‑related sales added $63.6 million. Reported diluted earnings per share (EPS) were $3.32. On an adjusted basis (excluding certain credits and impairments) EPS rose to $3.52, a 6 % increase. Adjusted EBITDA came in at $623.6 million, up from $612.4 million a year ago. For the fourth quarter alone, net sales reached $832.8 million (up 3.4 % year‑on‑year) but organic net sales fell 2.2 %. Adjusted EPS for the quarter was $1.05. Gross margin: for the full year the reported gross margin was 41.7 %, up from 38.3 % a year earlier. Excluding credits and one‑time items, adjusted gross margin was 40.9 %, essentially flat. Cash flow: Operating cash flow for FY 2025 was about $147.1 million and free cash flow was $63.2 million (≈ 2.1 % of net sales). Capital allocation: The company repurchased 4.0 million shares in FY 2025 at an average of $22.42 per share. Dividends totaled $1.20 per share ($87.1 million). Debt refinancing included redeeming $500 million in 6.50% notes and paying down roughly $80 million of outstanding debt. Outlook for FY 2026: The company expects organic net sales to be “flat to slightly up” in both the Batteries & Lights and Auto Care segments. Gross margin is anticipated to modestly decline, largely due to tariff impacts, though the effects will be partly offset by pricing actions, production tax credits, and productivity initiatives. The inclusion of the APS business (with a lower margin profile) is a headwind. For the full year, adjusted EPS is projected in the range $3.30 to $3.60, and adjusted EBITDA is expected to land between $580 million and $610 million. The company cautions that the first quarter may face a decline in organic net sales (high‑single digits) and expects adjusted EPS of $0.20 to $0.30 in Q1. After that, management anticipates double‑digit adjusted EPS growth for the remainder of the year. CEO Mark LaVigne commented: “Energizer delivered strong earnings in Fiscal 2025 by staying agile and focused in a volatile environment. … As we begin Fiscal 2026, we are operating through a period of transition … By extending Project Momentum and accelerating integration efforts, we will preserve margins and build flexibility to invest in future growth.” Overall, while Energizer shows resilience through solid full‑year results, it signals caution for the near term due to macro headwinds, tariffs, and integration costs — but is positioning itself for renewed growth later in FY 2026. #EnergizerHoldings #Fiscal2025Results #ConsumerProducts #CorporateOutlook #SlimScan #GrowthStocks #CANSLIM