Energizer Holdings Inc.

Who owns Energizer Holdings?
Energizer Holdings Inc. is a publicly traded company listed on the New York Stock Exchange under the ticker ENR. Shares are held by institutional investors, mutual funds, and individual shareholders. No single shareholder holds a controlling interest. The company is headquartered in Saint Louis, Missouri.

Who owns Rayovac batteries?
Rayovac is owned by Energizer Holdings Inc. Energizer acquired Rayovac from Spectrum Brands Holdings in 2019 for approximately $2 billion. Energizer Holdings is thus the parent company of both the Energizer and Rayovac battery brands, making it the owner of the second and third most recognized consumer battery brands in the United States.

Is Energizer the same company as Eveready?
Energizer Holdings owns the Eveready brand, which is the historical predecessor to the Energizer brand. Eveready Battery Company was the original operating entity that was spun from Ralston Purina in 2000 and became Energizer Holdings. The Eveready name is still used in some international markets.

Is Energizer related to Edgewell Personal Care?
Energizer Holdings and Edgewell Personal Care were previously part of the same company. In 2015, Energizer Holdings separated its personal care brands (Schick, Wilkinson Sword, Banana Boat, Hawaiian Tropic) as an independent company called Edgewell Personal Care. The two companies are now completely separate public entities with no ownership connection.

What is Energizer's revenue?
In fiscal year 2025 (ended September 30, 2025), Energizer reported net revenues of $2.95 billion, up 2.3% from FY2024. Adjusted EBITDA was $623.6 million, and adjusted EPS was $3.52. For FY2026, the company projects adjusted EPS at the low end of $3.30 to $3.60 and adjusted EBITDA at the low end of $580 to $610 million.

What is the APS acquisition?
In May 2025, Energizer completed the acquisition of Advanced Power Solutions NV (APS), a Belgian rechargeable battery manufacturer specializing in nickel-metal hydride (NiMH) and lithium-ion rechargeable batteries for consumer electronics. The acquisition gives Energizer a foothold in the rechargeable battery market, addressing the long-term shift from disposable to rechargeable batteries.

What brands does Energizer Holdings own?
Energizer Holdings owns the following brands: Energizer (premium batteries), Rayovac (value batteries), Eveready (international battery brand), Varta (European battery brand), Armor All (auto care), STP (automotive additives), A/C Pro (auto air conditioning recharge), and Advanced Power Solutions (rechargeable batteries).

Energizer Holdings was created in April 2000 when Ralston Purina spun off its Eveready Battery Company subsidiary as an independent public company. Ralston had acquired Eveready Battery from Union Carbide in 1986. The original Energizer brand was introduced in 1980 as a premium battery line under the Eveready umbrella. The Energizer Bunny advertising campaign launched in 1989 and became one of the most enduring and recognizable marketing icons in American consumer products.

In 2015, Energizer completed a further split, separating its personal care products business (Schick, Wilkinson Sword, Banana Boat, Hawaiian Tropic) as Edgewell Personal Care Company. This left Energizer Holdings as a focused battery and auto care business.

The 2019 acquisitions from Spectrum Brands were the largest in the company's history. Energizer paid approximately $2 billion for Spectrum Brands' battery division (including Rayovac, Varta, and private-label battery businesses) and approximately $1.25 billion for Spectrum Brands' Global Auto Care division (Armor All, STP, A/C Pro). Both deals were subject to regulatory conditions requiring some divestitures, particularly in the private-label battery category.

In January 2019, the Spectrum Brands' Global Auto Care Business acquisition closed, adding Armor All, STP, and A/C Pro to Energizer's portfolio. The battery acquisition closed later in 2019, adding Rayovac and making Energizer the parent of both the second and third most recognized consumer battery brands in the United States.

In May 2025, Energizer completed the acquisition of Advanced Power Solutions NV (APS), a Belgian rechargeable battery manufacturer. APS specializes in nickel-metal hydride (NiMH) and lithium-ion rechargeable batteries for consumer electronics. This acquisition gives Energizer a foothold in the rechargeable battery market, which has been growing as consumers shift from disposable to rechargeable batteries in high-drain devices.

In fiscal year 2025 (ended September 30, 2025), Energizer reported net revenues of $2.95 billion, up 2.3% from FY2024. Adjusted EBITDA was $623.6 million, and adjusted EPS was $3.52. For fiscal year 2026, the company has reported three quarters of results. Q1 2026 net sales were $778.9 million with adjusted EPS of $0.31. Q2 2026 net sales were $643.3 million with adjusted EPS of $0.94. Q3 2026 net sales were $734.1 million with adjusted EPS of $0.75. The company's full-year FY2026 outlook projects adjusted EPS at the low end of $3.30 to $3.60 and adjusted EBITDA at the low end of $580 to $610 million.

Energizer Holdings has implemented sustainability initiatives focused on responsible battery manufacturing, packaging reduction, and product stewardship. The company has set targets for reducing packaging waste and increasing the use of recycled materials in packaging.

Battery recycling is a key sustainability challenge for the industry. Energizer participates in battery recycling programs and has developed products with recycled content. However, the overall recycling rate for consumer batteries remains low, and the industry faces ongoing scrutiny over the environmental impact of battery disposal.

The APS acquisition adds rechargeable battery capabilities, which are inherently more sustainable than disposable batteries, as rechargeable batteries can be used hundreds of times before disposal. This aligns with Energizer's sustainability goals and reduces the environmental footprint of its product portfolio.

Energizer does not hold B Corp certification. The company publishes an annual ESG report detailing its environmental, social, and governance performance.

Energizer operates in a consumer products industry that faces scrutiny over several issues:

Battery Recycling: The low recycling rate for consumer batteries is an ongoing environmental concern. Batteries contain heavy metals and chemicals that can contaminate soil and water if disposed of improperly. Energizer participates in recycling programs but, like the broader industry, faces criticism for not doing enough to promote battery recycling.

Private Label Competition: Amazon Basics batteries and retailer own-brand batteries have grown significantly, undercutting branded battery prices. Energizer has faced scrutiny over its pricing strategies in response to private-label competition, with some critics arguing that branded battery prices are inflated relative to manufacturing costs.

Spectrum Brands Acquisition: The 2019 acquisition of Spectrum Brands' battery and auto care divisions was subject to regulatory review by antitrust authorities. The Federal Trade Commission and international regulators required divestitures in certain private-label battery categories to maintain competition. The acquisition closed after these conditions were met.

Supply Chain: Like all consumer products companies, Energizer faces scrutiny over its supply chain, including the sourcing of raw materials for batteries (zinc, manganese, lithium, cobalt) and labor practices at its manufacturing facilities. The company has supplier codes of conduct and audits its supply chain, but the complexity of global battery supply chains creates ongoing risk.