Energizer reports modest 2025 gains

Energizer Holdings reported steady results for fiscal 2025, with full-year sales rising 2.3% to almost US$3 billion.

The company said earnings improved as well, helped by a multiyear cost-saving program that has now delivered more than US$200 million in savings. Management also highlighted progress integrating a recent acquisition and noted that overall profit margins were stronger than last year, even though cash flow remained on the lighter side.

Fourth-quarter performance was more mixed. Sales were up 3.4%, but underlying demand was weaker, especially in North America, leading to a small decline in organic revenue. Quarterly earnings slipped compared with a year earlier and the company pointed to softer consumer demand and temporary cost pressures – such as tariffs and operational adjustments – as key factors weighing on results.

Looking to fiscal 2026, Energizer expects sales to be broadly flat to slightly higher across its major business segments. The company warned that the first quarter will be challenging, with lower sales and much thinner profits as it works through tariff-related costs. However, management said it expects performance to improve as the year goes on, with stronger earnings growth returning after the early-year slowdown.

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