Energizer Holdings, Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Energizer Holdings, Inc. has submitted its quarterly 10-Q filing for the period ending December 31, 2023, detailing financial performance and segment data.</b>

AI Summary

ENERGIZER HOLDINGS, INC. (ENR) filed a Quarterly Report (10-Q) with the SEC on February 6, 2024. Energizer Holdings, Inc. filed its 10-Q report for the quarterly period ended December 31, 2023. The filing covers the period from October 1, 2023, to December 31, 2023. It includes financial data for the comparable period in the prior year (October 1, 2022, to December 31, 2022). Key financial statement items such as retained earnings, common stock, and additional paid-in capital are detailed for various dates. Segment information for Alkaline Batteries, Auto Care, and Lights is provided for the reporting periods.

Why It Matters

For investors and stakeholders tracking ENERGIZER HOLDINGS, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest financial snapshot of Energizer Holdings, Inc., crucial for understanding the company's performance in the most recent quarter. The detailed segment data allows for an analysis of which product lines (e.g., Alkaline Batteries, Auto Care, Lights) are driving revenue and growth, informing investment decisions.

Risk Assessment

Risk Level: low — ENERGIZER HOLDINGS, INC. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate indicators of significant new risks or operational changes.

Analyst Insight

Monitor future filings for trends in segment performance and any changes in financial health metrics to assess investment potential.

Revenue Breakdown

Key Numbers

• 2023-12-31 — Period End Date (Quarterly period)
• 2022-12-31 — Prior Year Period End Date (Comparable quarterly period)
• 2023-09-30 — Prior Fiscal Year End Date (Balance sheet comparison)
• 2022-09-30 — Prior Year Fiscal Year End Date (Balance sheet comparison)

Key Players & Entities

• ENERGIZER HOLDINGS, INC. (company) — Filer name
• 2023-12-31 (date) — Period of report
• 2024-02-06 (date) — Filed as of date
• 533 MARYVILLE UNIVERSITY DRIVE (address) — Business address
• SAINT LOUIS (location) — Business address city
• MO (location) — Business address state
• 63141 (postal_code) — Business address zip
• Energizer SpinCo, Inc. (company) — Former company name

Forward-Looking Statements

• Energizer Holdings, Inc. will continue to show an increase in retained earnings in the next fiscal quarter. (ENERGIZER HOLDINGS, INC.) — medium confidence, target: 2024-03-31

FAQ

Key Dates

• 2023-12-31: Quarter End Date — End of the reporting period for the 10-Q filing.
• 2024-02-06: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Filing Documents

• enr-20231231.htm (10-Q) — 1178KB
• enr10q12312023ex311.htm (EX-31.1) — 9KB
• enr10q12312023ex312.htm (EX-31.2) — 10KB
• enr10q12312023ex321.htm (EX-32.1) — 5KB
• enr10q12312023ex322.htm (EX-32.2) — 5KB
• enr-20231231_g1.jpg (GRAPHIC) — 32KB
• 0001632790-24-000022.txt (&nbsp;) — 7665KB
• enr-20231231.xsd (EX-101.SCH) — 42KB
• enr-20231231_cal.xml (EX-101.CAL) — 78KB
• enr-20231231_def.xml (EX-101.DEF) — 313KB
• enr-20231231_lab.xml (EX-101.LAB) — 661KB
• enr-20231231_pre.xml (EX-101.PRE) — 489KB
• enr-20231231_htm.xml (XML) — 1221KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Consolidated Statements of Earnings and Comprehensive Income (Condensed) for the Quarters Ended December 31, 2023 and 2022 4 Consolidated Balance Sheets (Condensed) as of December 31, 2023 and September 30, 2023 5 Consolidated Statements of Cash Flows (Condensed) for the Three Months Ended December 31, 2023 and 2022 6 Consolidated Statements of Shareholders' Equity (Condensed) for the Three Months Ended December 31, 2023 and 2022 7 Notes to Consolidated (Condensed) Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations 25

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 25

Quantitative and Qualitative Disclosures About Market Risk 36

Item 3. Quantitative and Qualitative Disclosures About Market Risk 36

Controls and Procedures 38

Item 4. Controls and Procedures 38

— OTHER INFORMATION

PART II — OTHER INFORMATION

Legal Proceedings 39

Item 1. Legal Proceedings 39

Risk Factors 39

Item 1A. Risk Factors 39

Unregistered Sales of Equity Securities and Use of Proceeds 39

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39

Exhibits 39

Item 6. Exhibits 39 EXHIBIT INDEX 40 SIGNATURES 41 3 ENERGIZER HOLDINGS, INC. CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (Condensed) (In millions, except per share data - Unaudited) For the Quarters Ended December 31, 2023 2022 Net sales $ 716.6 $ 765.1 Cost of products sold 449.6 466.8 Gross profit 267.0 298.3 Selling, general and administrative expense 128.1 120.4 Advertising and sales promotion expense 47.0 53.4 Research and development expense 7.8 7.6 Amortization of intangible assets 14.5 16.0 Interest expense 40.7 42.9 Loss/(gain) on extinguishment of debt 0.5 ( 2.9 ) Other items, net 19.0 ( 1.4 ) Earnings before income taxes 9.4 62.3 Income tax provision 7.5 13.3 Net earnings $ 1.9 $ 49.0 Basic net earnings per common share $ 0.03 $ 0.69 Diluted net earnings per common share $ 0.03 $ 0.68 Weighted average shares of common stock - Basic 71.7 71.4 Weighted average shares of common stock - Diluted 72.6 72.2 Net earnings $ 1.9 $ 49.0 Other comprehensive (loss)/income, net of tax (benefit)/expense Foreign currency translation adjustments ( 1.1 ) ( 18.6 ) Pension activity, net of tax of $ 0.2 and $ 1.2 , respectively. ( 0.9 ) 2.4 Deferred loss on hedging activity, net of tax of $( 6.5 ) and $( 4.7 ), respectively. ( 19.6 ) ( 13.4 ) Total comprehensive (loss)/income $ ( 19.7 ) $ 19.4 The above financial statements should be read in conjunction with the Notes to Consolidated (Condensed) Financial Statements (Unaudited). 4 ENERGIZER HOLDINGS, INC. CONSOLIDATED BALANCE SHEETS (Condensed) (In millions - Unaudited) Assets December 31, 2023 September 30, 2023 Current assets Cash and cash equivalents $ 241.7 $ 223.3 Trade receivables, less allowance for doubtful accounts of $ 4.7 and $ 4.6 , respectively 376.4 511.6 Inventories 640.6 649.7 Other current assets 212.3 172.0 Total current assets 1,471.0 1,556.6 Property, plant and equipment, net 384.3 363.7

View Full Filing

View this 10-Q filing on SEC EDGAR