Energizer holdings, inc. announces fiscal 2024 first quarter results

Net sales for the quarter decreased 6.3% and organic net sales declined 7.4% versus the prior year in line with the financial outlook.1 gross margin for the first quarter was 37.3% and 39.5% as adjusted, a 50 bps improvement over prior year adjusted gross margin driven largely by the benefits of project momentum.1 operating cash flow was $178.1 million with free cash flow exceeding 21% of net sales, and debt pay down was $78 million in the first quarter.1 increasing the project momentum total estimated program savings to $160 million to $180 million, a $30 million increase. reaffirms fiscal year outlook for net sales, adjusted earnings per share and adjusted ebitda.1 st.
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