Energizer backs FY24 adjusted EPS view $3.10-$3.30, consensus $3.21

The company said, “For fiscal 2024, we continue to expect organic revenue to be flat to down low single digits. We also expect Adjusted EBITDA to be in the range of $600 million to $620 million and Adjusted earnings per share to be in the range of $3.10 to $3.30… We are now expecting those savings to be in the range of $160 to $180 million over the life of the program. Cash costs to achieve these savings over this same period are now expected to be $140 to $150 million. For fiscal year 2024 savings are expected to be in the range of $55 to $65 million with one-time cash costs to achieve between $60 to $70 million.”