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Energizer Holdings Posts Higher Fiscal Q2 Profit, Net Sales; Raises Full-Year Outlook

05/10/2021 03:32

07:18 AM EDT, 05/10/2021 (MT Newswires) -- Energizer Holdings (ENR) on Monday reported adjusted earnings of $0.77 per share in the second fiscal quarter, up from earnings of $0.37 per share a year ago. The Capital IQ EPS estimate for the quarter was $0.60.

Quarterly net sales reached $685.1 million, up from year-ago net sales of $587 million, The street estimate was $625.8 million.

Looking ahead, the company raised its full fiscal year outlook for adjusted earnings per share to $3.30 to $3.50 and adjusted EBITDA to $620 to $640 million. Sales growth for the fiscal year 2021 was expected to be in the range of 5% to 7%. The company previously guided adjusted earnings per share in the range of $3.10 to $3.40.

Analysts polled by Capital IQ estimated EPS for fiscal 2021 of $3.34.

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