Battery and lighting company Energizer (NYSE:ENR) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 3.4% year on year to $725.3 million. Its GAAP profit of $2.13 per share increased from -$0.61 in the same quarter last year.
Is now the time to buy Energizer? Find out by accessing our full research report, it’s free.
Energizer (ENR) Q2 CY2025 Highlights:
- Revenue: $725.3 million vs analyst estimates of $703.4 million (3.4% year-on-year growth, 3.1% beat)
- Adjusted EBITDA: $171.4 million vs analyst estimates of $133.9 million (23.6% margin, 28% beat)
- EBITDA guidance for the full year is $635 million at the midpoint, above analyst estimates of $623 million
- Operating Margin: 22.6%, up from 12.5% in the same quarter last year
- Organic Revenue was flat year on year (1.2% in the same quarter last year)
- Market Capitalization: $1.60 billion
"Three years ago, we launched Project Momentum to restore margins, increase our operational agility, and invest in growth. Our performance this quarter illustrates the benefits of those efforts as we delivered organic top-line growth, strong gross margins and robust earnings. In addition, our business has been further strengthened by our qualification for production credits as a result of our investments and focus on US manufacturing capabilities." said Mark LaVigne, Chief Executive Officer.
Company Overview
Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE:ENR) is one of the world's largest manufacturers of batteries.
Revenue Growth
Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years.
With $2.93 billion in revenue over the past 12 months, Energizer carries some recognizable products but is a mid-sized consumer staples company. Its size could bring disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale.
As you can see below, Energizer’s demand was weak over the last three years. Its sales fell by 1.1% annually, a rough starting point for our analysis.
This quarter, Energizer reported modest year-on-year revenue growth of 3.4% but beat Wall Street’s estimates by 3.1%.
Looking ahead, sell-side analysts expect revenue to grow 1% over the next 12 months. While this projection implies its newer products will spur better top-line performance, it is still below the sector average.
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Organic Revenue Growth
When analyzing revenue growth, we care most about organic revenue growth. This metric captures a business’s performance excluding one-time events such as mergers, acquisitions, and divestitures as well as foreign currency fluctuations.
The demand for Energizer’s products has barely risen over the last eight quarters. On average, the company’s organic sales have been flat. 
In the latest quarter, Energizer’s year on year organic sales were flat. This performance was more or less in line with its historical levels.
Key Takeaways from Energizer’s Q2 Results
We were impressed by how significantly Energizer blew past analysts’ gross margin expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. Overall, we think this was a solid quarter with some key areas of upside. The stock traded up 10.7% to $24.49 immediately after reporting.
Indeed, Energizer had a rock-solid quarterly earnings result, but is this stock a good investment here? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free.