JPMorgan Reiterates Underweight Rating on Energizer (ENR)
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Energizer Holdings, Inc. Announces Fiscal 2024 Fourth Quarter and Full Year Results and Financial Outlook for Fiscal 2025
November 19, 2024 6:50 AM ESTDelivered fiscal 2024 Net Sales and Adjusted EBITDA in line with our outlook, and Adjusted EPS above our originally guided range.(1) Gross margin for the full year was 38.3% and on an adjusted basis 40.9%, up 190 basis points to prior year largely driven by the benefits of Project Momentum initiatives.(1) Operating cash flow was $429.6 million and Free cash flow was 11.7% of Net Sales for the fiscal year.(1)Reduced net leverage to 4.9 times in fiscal 2024 driven by $200... More
