ENR - Energizer shares higher on FQ1 earnings beat

Energizer (ENR) +5.5% premarket, reports FQ1 organic net sales growth of 12.7% vs. consensus of 8.9%.Segment sales: Americas +14% to $586.6M vs. consensus of $556.8M; International +17.9% to $262M vs. consensus of $229.1M.Gross margin rate declined 110 bps Y/Y to 40.7% vs. consensus of 39.8%.Adjusted EBITDA grew 17.5% to $192.4M vs. consensus of $167.6M.The company repurchased ~500K common shares for $21.3M in the quarter.CEO comment: "As a result of the strong organic growth, improved operational execution, and the significant reduction in interest expense in the remainder of the year from our refinancing, we are raising our Adjusted earnings per share outlook for fiscal 2021.  As we look ahead, we are squarely focused on driving the top-line momentum, executing with excellence and improving our margins."Previously: Energizer EPS beats by $0.28, beats on revenue (Feb. 8)

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Energizer shares higher on FQ1 earnings beat