ENR - About Energizer's Net Income Growth Restructuring And Dividend Growth

2024-04-05 19:55:13 ET

Summary

• Energizer Holdings promises lower net leverage in 2024 and expects operating efficiency increases in battery manufacturing and distribution.
• Recent acquisitions may lead to net income growth for Energizer in the future.
• The growth of the battery market and innovation efforts are catalysts for net revenue and net income growth for Energizer.

Energizer Holdings, Inc. ( ENR ) promised lower net leverage in 2024, and appears interesting with dividend yield of close to 4%. Besides, I would also expect further operating efficiency increases in battery manufacturing, and distribution thanks to the ongoing Project Momentum profit recovery program. In addition, if recent acquisition efforts are successful, I believe that Energizer will most likely deliver net income growth in the coming years. There are some risks coming from the evolving retail landscape, or competition, as well as goodwill impairments. With that all being said, I believe that the company remains undervalued.

Energizer

Energizer offers a wide range of home and automotive products, as well as lighting. Its batteries encompass technologies such as lithium, alkaline, zinc air and silver oxide, under major brands such as Energizer, Eveready and Rayovac....

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