<span item_type="fundamental" item_id="59dd4f679edcbadbde7348a43e9e1d8b" counter_id="ST/US/ENR" env="prod"></span><span item_type="announcement" item_id="645102237983182209" env="prod"></span><p>Revenue: As of FY2026 Q2, the actual value is USD 643.3 M.</p><p>EPS: As of FY2026 Q2, the actual value is USD 0.15.</p><p>EBIT: As of FY2026 Q2, the actual value is USD 123.4 M.</p><p></p><h4>Segment Revenue</h4><h5>Batteries &amp; Lights</h5><ul><li>Net Sales for the quarter ended March 31, 2026, were $473.2 million, a decrease from $488.0 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic Net sales declined by -5.9%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>Acquisition impact contributed +0.4%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>The impact of currency was +2.7%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li><li>Net Sales for the six months ended March 31, 2026, were $1,158.4 million, an increase from $1,120.4 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic Net sales declined by -4.7%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>Acquisition impact contributed +6.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>The impact of currency was +2.2%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li></ul><h5>Auto Care</h5><ul><li>Net Sales for the quarter ended March 31, 2026, were $170.1 million, a decrease from $174.9 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic Net sales declined by -4.5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>The impact of currency was +1.9%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li><li>Net Sales for the six months ended March 31, 2026, were $263.8 million, a decrease from $274.2 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic Net sales declined by -5.4%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>The impact of currency was +1.7%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li></ul><h4>Operational Metrics</h4><h5>Segment Profit</h5><ul><li>Total Segment Profit for the quarter ended March 31, 2026, was $162.3 million, an increase of 10.0% compared to $147.5 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic profit increased by $13.6 million, or 9.2%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li><li>Total Segment Profit for the six months ended March 31, 2026, was $277.1 million, a decrease of -3.6% compared to $287.3 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic profit decreased by $21.5 million, or -7.5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li></ul><h5>Batteries &amp; Lights Segment Profit</h5><ul><li>For the quarter ended March 31, 2026, Segment Profit was $133.7 million, an increase of 19.1% compared to the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic segment profit improved by $21.7 million, or 19.3%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li></ul><h5>Auto Care Segment Profit</h5><ul><li>For the quarter ended March 31, 2026, Segment Profit was $28.6 million, a decrease of -18.8% compared to the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Organic segment profit declined by $8.1 million, or -23.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li></ul><h5>Gross Margin Percentage</h5><ul><li>For the quarter ended March 31, 2026, reported gross margin was 40.2%, and Adjusted Gross margin was 44.4%, driven by a $47.6 million benefit from an anticipated tariff refund and $11.7 million from production tax credits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>For the six months ended March 31, 2026, reported gross margin was 36.2%, and Adjusted Gross margin was 39.2%, with the decline attributed to increased input costs, higher tariff costs, and unfavorable product mix, partially offset by the tariff refund and production tax credits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul><h5>Selling, General and Administrative Expense (SG&amp;A)</h5><ul><li>For the quarter ended March 31, 2026, SG&amp;A was $133.1 million, or 20.7% of Net sales, with Adjusted SG&amp;A at $127.1 million, or 19.8% of Net sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>For the six months ended March 31, 2026, SG&amp;A was $282.4 million, or 19.9% of Net sales, with Adjusted SG&amp;A at $260.3 million, or 18.3% of Net sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul><h5>Other Items, Net</h5><ul><li>For the quarter ended March 31, 2026, there was an expense of $25.6 million, primarily due to a $26.1 million non-cash settlement loss on the U.K. pension plan termination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>For the six months ended March 31, 2026, there was an expense of $26.7 million, also primarily due to the $26.1 million non-cash settlement loss on the U.K. pension plan termination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Net Cash from Operating Activities for the six months ended March 31, 2026, was $147.8 million, an increase from $64.2 million in the prior year period, primarily driven by working capital changes of approximately $107 million and $22.8 million in production tax credits, partially offset by a $43.9 million decline in net earnings.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>Net Cash Used by Investing Activities for the six months ended March 31, 2026, was -$41.9 million, compared to -$55.7 million in the prior year period, primarily related to capital expenditures.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>Net Cash Used by Financing Activities for the six months ended March 31, 2026, was -$169.0 million, compared to -$81.7 million in the prior fiscal year period, including $95.0 million in debt payments, -$14.5 million net decrease in short-term debt, and -$43.9 million in dividends paid.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>The APS Acquisition contributed $2.1 million to Net sales for the quarter and $66.7 million for the six months ended March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>The acquisition added a segment loss of -$2.1 million and segment profit of $3.2 million for the Batteries and Lights segment during the three and six months ended March 31, 2026, respectively.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>The majority of acquired branded businesses transitioned to legacy brands by December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li><li>劲量控股 determined it is entitled to a tariff refund of approximately $64.3 million under IEEPA.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>For the three and six months ended March 31, 2026, a $47.6 million benefit was recorded in Cost of goods sold, and the carrying value of inventory was reduced by $16.7 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li><li>劲量控股 recognized a credit of $11.7 million and $21.4 million during the quarter and six months ended March 31, 2026, respectively, under the Section 45X Advanced Manufacturing Production Credit.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>Total estimated pre-tax costs for the fourth year of the Project Momentum Restructuring are expected to be between $60.0 million and $70.0 million, with additional restructuring-related costs of $20.0 million to $25.0 million for U.S. manufacturing efficiency initiatives, and capital expenditures of $25.0 million to $35.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span><ul><li>Expected savings are $20.0 million to $25.0 million, plus tariff mitigation and cost avoidance of $10.0 million to $15.0 million, with full realization by September 30, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul></li></ul><h4>Future Outlook and Strategy</h4><ul><li>劲量控股 anticipates continued inflationary pressures, geopolitical instability, and risks of higher tariffs, transportation costs, and commodity prices in fiscal 2026, potentially leading to gross margin pressures, currency headwinds, and softening consumer demand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>The company expects future annual credits from Section 45X to be approximately $55 million to $65 million based on current regulations, prior to the phase-out period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li><li>劲量控股 believes future cash from operations and access to capital markets will fund operating and financing needs, with anticipated total investing cash outflows of $75 million to $85 million in fiscal 2026 for capital expenditures, including $25 million to $35 million for Project Momentum initiatives.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1632790/000163279026000056/enr-20260331.htm"></span></li></ul>

Energizer | 10-Q: FY2026 Q2 Revenue: USD 643.3 M