TipRanks
Energizer Holdings (DE:EGG)
FRANKFURT:EGG
Germany Market
EarningsQ3 2026 Earnings Report

Energizer Holdings (EGG) Q3 2026 Earnings Report

3 Followers

DE:EGG Q3 2026 EPS Results

Actual EPS€0.67
Consensus EPS€0.74
Beat/MissMissed by -€0.07
One Year Ago EPS€1.01

DE:EGG Q3 2026 Revenue Results

Actual Revenue€653.86M
Expected Revenue€641.56M
Beat/MissBeat by +€12.30M
YoY Revenue Growth+1.21%

Earnings Announcement Details

QuarterQ3 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
DE:EGG Upcoming Earnings
Energizer Holdings's next earnings date is estimated for November 17, 2026, based on past reporting schedules.

Q3 2026 Earnings Call Audio

DE:EGG Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Aug 04, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call communicated a mix of short-term demand challenges and competitive category softness (200–300 bps) that led to a lowered back-half revenue outlook (from ~4% to flat–+1%), but emphasized strong execution: significant gross margin recovery (+430 bps YTD), expected low-40s Q4 gross margin, ~25% adjusted EPS growth in Q4 at the midpoint, US volume (+5%) and value (+1.8%) gains, distribution and innovation progress, tariff recoveries and material free cash flow improvements driven by Project Momentum completion and lower run-rate CapEx (~1% of sales). While top-line pacing and promotional dynamics are notable near-term headwinds, the company presented credible margin, cash flow and strategic levers that support the outlook and balance sheet repair.
Company Guidance
Energizer narrowed its outlook, saying the back half of fiscal 2026 is now expected to be roughly flat to +1% organic growth (vs. the ~4% back‑half expectation in May) due to a battery category slowdown of roughly 200–300 basis points; despite that, Q3 delivered organic growth in both Batteries & Lights and Auto Care, U.S. value grew 1.8% and U.S. volume grew 5% while the company continued to gain share and expand distribution. Management highlighted gross margin improvement of more than 430 basis points since Q1 and expects Q4 gross margin north of 40% (low‑40s clean number), roughly 25% adjusted EPS growth at the Q4 midpoint, and pricing neutral to slightly positive in Q4. They also reiterated strong free cash flow and meaningful debt reduction expectations, completion of Project Momentum this year (reducing related cash costs), a run‑rate CapEx reduction target of ~1% of net sales (~$30M), and IEEPA tariff recoveries with ~$11M collected to date and ~$53M remaining to support cash generation.
Organic Growth in Core Segments
Delivered organic growth across Batteries & Lights and Auto Care in Q3, with Energizer outperforming the overall battery category and gaining global volume and value share.
US Volume and Value Growth Despite Category Weakness
In the U.S., value grew 1.8% and volume grew 5% in the quarter, achieved while the overall battery category declined.
Material Gross Margin Recovery
Gross margin has improved more than 430 basis points from first quarter levels; management expects Q4 gross margin to be in the low 40% range (north of 40%).
Strong Q4 Adjusted EPS Outlook
Company expects approximately 25% adjusted EPS growth at the midpoint for Q4 (management described 25% adjusted EPS growth at the midpoint).
Cash Flow and Balance Sheet Progress
Management expects strong free cash flow generation and meaningful debt reduction driven by Project Momentum completion, tariff recoveries (about $11 million already collected and $53 million remaining booked), and reduced CapEx run-rate (targeting ~1% of net sales or ~$30 million).
Operational and Strategic Execution
Expanded distribution, advanced innovation, transitioned APS sales into the Energizer-branded portfolio, and continued Project Momentum initiatives that improved operational flexibility and are expected to reduce related cash costs (facility exits, severance) going forward.
Margin Preservation Levers
Company highlighted multiple levers to protect margins — productivity, sourcing, network flexibility, operating efficiencies, and selective pricing — positioning it to maintain margin recovery into fiscal 2027.

DE:EGG Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Nov 17, 2026
2026 (Q4)
1.16 / -
0.935―
2026 (Q3)
0.74 / 0.67
1.006-33.63% (-0.34)
2026 (Q2)
0.42 / 0.84
0.59740.30% (+0.24)
2026 (Q1)
0.23 / 0.28
0.597-53.73% (-0.32)
2025 (Q4)
1.00 / 0.94
1.087-13.93% (-0.15)
2025 (Q3)
0.56 / 1.01
0.70443.04% (+0.30)
2025 (Q2)
0.60 / 0.60
0.641-6.94% (-0.04)
2025 (Q1)
0.58 / 0.60
0.52613.56% (+0.07)
2024 (Q4)
1.04 / 1.09
1.0691.67% (+0.02)
2024 (Q3)
0.61 / 0.70
0.48146.30% (+0.22)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed