ENR - Prior Acquisitions Still Haunt Energizer
2024-07-03 17:07:40 ET
Summary
- Energizer manufactures batteries, portable lighting products, and car fragrances and accessories with a very notable brand portfolio in batteries.
- The company's acquisitions from Spectrum, completed in early FY2019, still haunt the company with high debt, constant restructuring, and poorly performing sales.
- Sales are likely to continue performing poorly, mitigating the positive earnings effects from the Momentum restructuring plan.
- The valuation is still unattractive after significant share depreciation unless an impressive sales turnaround is achieved.
Energizer Holdings, Inc. ( ENR ) manufactures and sells batteries and portable lighting products through the Energizer, Eveready, Rayovac, and Varta brands. In addition, the company has a portfolio of automotive fragrance and appearance product brands, including A/C Pro, Armor All, Bahama & Co., and many others....
Prior Acquisitions Still Haunt Energizer