Energizer Holdings, Inc. Announces Fiscal 2026 Third Quarter Results

ST. LOUIS, Aug. 4, 2026 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) today announced results for the third fiscal quarter ended June 30, 2026. "We delivered a solid third quarter in an operating environment that remains dynamic, with organic Net sales growth across both segments and continued progress against the strategic priorities we outlined at the beginning of the year," said Mark LaVigne, Chief Executive Officer. "The actions we have taken to strengthen the business are improving our execution, enhancing the quality of our portfolio, and reinforcing our competitive position." "At the core of our investment thesis is a resilient business capable of generating strong free cash flow across a range of operating environments. We believe that durable cash generation, combined with disciplined capital allocation, provides a compelling path to long-term shareholder value creation." For the quarter, we had Net sales of $734.1 million compared to $725.3 million in the prior year period. Organic Net sales increased 2.7% primarily due to the following items: Global distribution gains and new product development in Batteries & Lights drove volume increases of 1.9%; and Auto care, primarily driven by higher refrigerant distribution in North America, contributed volume growth of 2.2%. Partially offsetting the volume improvement were pricing declines of 1.4% driven by increased promotional investments in the Batteries & Lights segment. Acquisition impact decreased net sales 2.4%. The Company completed the Advanced Power Solutions (APS) acquisition on May 2, 2025 and sold batteries under an acquired brand license from the acquisition date through December 31, 2025. The expiration of the acquired license resulted in a decline of net sales under the licensed brands of $17.2 million with ongoing revenue generated from the transition to legacy brands reported as a component of organic revenue. Gross margin percentage on a reported basis was 38.2% versus 55.1% in the prior year. During the prior year quarter, the Company recorded an estimated $112.4 million of production credits related to battery production in our U.S. facilities. The amount related to FY25 production was $33.9 million and an additional $78.5 million was recorded for production retroactive to the start of the production credit period of January 1, 2023. Excluding the estimated FY23 & FY24 production credits of $78.5 million recorded in the prior year quarter, restructuring and related costs in the current and prior year of $7.5 million and $2.9 million, respectively, and the prior year network transition costs of $0.9 million, Adjusted Gross margin was 39.2% compared to 44.8% in the prior year, a decrease of 560 basis points.