PR Newswire·Feb 5, 2026, 6:50 AM ET

Energizer Holdings, Inc. Announces Fiscal 2026 First Quarter Results

ENR

Energizer Holdings, Inc. reported first-quarter fiscal 2026 net sales of $778.9 million, a 6.5% increase from the prior year, driven by $64.6 million in acquisition sales from the APS business.
The company generated operating cash flow of $149.5 million and free cash flow of $124.2 million, representing 15.9% of net sales.
Net loss per share was $0.05, while adjusted earnings per share were $0.31.
Total debt was reduced by over $100 million, including $92.5 million in term loan payments and $13.3 million in international borrowings.
Organic net sales decreased 4.3% due to a 4.5% volume decline in the U.S. & Lights segment, partially offset by 0.2% pricing increases.
Reported gross margin was 32.9%, while adjusted gross margin was 34.9%, a 510 basis point decrease driven by tariffs, product mix changes, & the lower margin profile of the APS business.
SG&A expenses excluding restructuring & acquisition costs rose to 17.1% of net sales, primarily due to APS integration & digital transformation investments.
Advertising & promotion expenses decreased to 6.3% of net sales, down from 7.3% in the prior year.
The company repurchased 245,000 shares for $4.5 million & paid approximately $23 million in dividends during the quarter.
Energizer reaffirmed its full-year fiscal 2026 outlook, expecting adjusted EPS between $3.30 & $3.60, & adjusted EBITDA between $580 million & $610 million.
For fiscal Q2 2026, the company anticipates organic net sales to decline 4% to 5% & adjusted EPS to range from $0.40 to $0.50.
A $23 million non-cash loss on pension plan termination will be recorded in the second fiscal quarter following the UK Pension Plan buyout completed on January 28, 2026.