Energizer Holdings, Inc. reported a significant turnaround in its financial performance for the third fiscal quarter and the nine months ended June 30, 2025, with net earnings of $153.5 million, or $2.13 per diluted share, compared to a net loss of $43.8 million, or a loss of $0.61 per share, in the same period last year. For the nine months, net earnings reached $204.1 million, or $2.80 per diluted share, compared to a loss of $9.5 million, or $0.13 per share, in the prior year. The company attributed this improvement to a combination of increased sales, cost management initiatives, and the recognition of production tax credits under the Inflation Reduction Act.
Total net sales for the quarter were $725.3 million, reflecting a 3.4% increase from $701.4 million in the prior year. The nine-month sales also rose to $2.119 billion, up from $2.081 billion. The growth was driven by a 1.7% increase in volume, particularly in the Battery & Lights segment, and contributions from recent acquisitions, including Advanced Power Solutions NV, which added $20.8 million to net sales. The gross profit margin improved significantly to 55.1% for the quarter, compared to 39.5% in the previous year, largely due to the production credits recognized.
Energizer's operational metrics showed positive trends, with the Batteries & Lights segment reporting a 5.1% increase in net sales for the quarter, while the Auto Care segment experienced a slight decline of 1.1%. The company also reported a total segment profit of $182.9 million for the quarter, up from $156.2 million a year earlier, driven by improved gross profit and cost savings from the ongoing Project Momentum restructuring initiative. This program aims to optimize manufacturing and distribution processes and is expected to yield over $200 million in pre-tax savings by the end of fiscal 2025.
In terms of strategic developments, Energizer completed several acquisitions, including the purchase of battery manufacturing assets in Belgium and the acquisition of Centralsul Ltda. in Brazil, which are expected to enhance its production capacity and market presence. The company also reported a significant increase in its inventory levels, which rose to $870.1 million from $657.3 million, reflecting preparations for anticipated demand in the upcoming quarters.
Looking ahead, Energizer remains cautious about macroeconomic conditions, including inflationary pressures and potential impacts from geopolitical events. The company is focused on maintaining its operational efficiency and leveraging its recent acquisitions to drive growth. Energizer anticipates continued benefits from the production tax credits and aims to navigate the challenges posed by fluctuating commodity prices and currency exchange rates.
About ENERGIZER HOLDINGS, INC.
Energizer Holdings, Inc. is a global leader in household batteries, auto care, and portable lighting products. It markets brands like Energizer, Eveready, and Rayovac, serving consumers worldwide through retail, e-commerce, and wholesale channels. The company emphasizes innovation, brand strength, and operational efficiency to compete in highly competitive markets across diverse regions.
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