By Denny Jacob

Energizer Holdings reported higher-than-expected quarterly results, boosted by hurricane-fueled demand, though the company's second-quarter profit outlook came in below analyst forecasts and shares fell.

The St. Louis maker of batteries, flashlights and other consumer products, Tuesday reported fiscal first-quarter net income of $22.3 million, or 30 cents a share, compared to $1.9 million or 3 cents a share, a year earlier.

Stripping out certain one-time items, earnings were 67 cents a share. Analysts polled by FactSet expected 65 cents a share.

Sales rose to $731.7 million from $716.6 million. Analysts polled by FactSet expected $728.5 million. Hurricanes generated about $10 million of incremental volume during the quarter, the company said.

Chief Executive Mark LaVigne said the strong start to the year gave the company confidence that it has the right strategies in place to deliver on fiscal 2025 targets and generate consistent annual earnings growth and long-term shareholder value.

Nevertheless, the company forecast second-quarter adjusted earnings of 60 cents to 70 cents, below the 76 cents expected by analysts. Energizer forecast net sales to be flat to up 1% in the second quarter, while organic net sales are expected to be up 2% to 3%.

Shares fell 1.9% to $33.30 in premarket trading.

For 2025, Energizer forecast sales to be up 1% and 2%, while organic net sales are expected to be up 2% to 3%. The company guided for adjusted earnings per share of $3.45-$3.65, in line with analysts' estimates.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 04, 2025 07:55 ET (12:55 GMT)

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