ENR - Energizer Holdings Sees Reasonably Energetic Growth in 2020
In its fiscal fourth-quarter 2019 report released on Wednesday, Energizer Holdings (NYSE: ENR) reaped expected tangible benefits from its two separate acquisitions of battery and auto business lines from Spectrum Brands in January of this year. Yet the battery giant also chalked up surprisingly vigorous organic growth, and provided a stable financial outlook for the upcoming fiscal year.
The results certainly charged shareholders' batteries, as Energizer's stock soared 15% on Wednesday, and ascended by an additional 1.5% by midday on Thursday.
As we review results below, note that all comparative numbers are presented against the prior-year quarter.