Energizer Swings to Profit, Raises Annual Outlook

Energizer Holdings reported robust third-quarter fiscal 2025 results, swinging to a profit of $153.5 million from a loss the previous year. Net sales rose 3.4% year-over-year to $725.3 million, with adjusted earnings per share of $1.13, both exceeding analyst expectations. Growth was driven by operational improvements under Project Momentum, strategic acquisitions including APS NV, and higher production credits. Core organic sales growth was modest at 0.1%, but volume increased by 1.7% due to new distribution in Batteries & Lights, while the Auto Care segment experienced a slight sales decline. Gross margins expanded significantly, leading the company to raise its full-year adjusted EPS guidance to $3.55–$3.65. Despite the strong quarter, Energizer shares have lagged the broader market, and future performance will depend on sustaining margin gains and executing strategic initiatives.