ENERGIZER HOLDINGS, INC.ENR

ENERGIZER HOLDINGS, INC. Earnings Per Share Disclosure

10-KFiled Nov 18, 20252 min read
Earnings per share
Basic net earnings per share is based on the average number of common shares outstanding during the period. Diluted net earnings per share is based on the average number of shares used for the basic net earnings per share calculation, adjusted for the dilutive effect of RSU, performance shares and deferred compensation equity plan.

The following table sets forth the computation of basic and diluted earnings per share for the years ended September 30, 2025, 2024 and 2023:
For the Years Ended September 30,
(in millions, except per share data)202520242023
Basic earnings per share
Net earnings$239.0 $38.1 $140.5 
Weighted average common shares outstanding - basic70.9 71.8 71.5 
Basic net earnings per common share$3.37 $0.53 $1.97 
Diluted earnings per share
Weighted average common shares outstanding - basic70.9 71.8 71.5 
Effect of dilutive restricted stock units0.4 0.4 0.4 
Effect of dilutive performance shares0.7 0.5 0.5 
Weighted average common shares outstanding - diluted72.0 72.7 72.4 
Diluted net earnings per common share$3.32 $0.52 $1.94 

For the year ended September 30, 2025, 0.3 million outstanding RSU were anti-dilutive and excluded from net earnings per share calculations. Performance based restricted units of 1.0 million were excluded from the diluted weighted average shares outstanding calculation as the performance targets for those shares had not been achieved as of the end of the current period.

For the year ended September 30, 2024, all outstanding RSU were dilutive and included in the diluted net earnings per share calculations. Performance based restricted stock units of 1.2 million were excluded from the diluted weighted average shares outstanding calculation as the performance targets for those shares had not been achieved as of the end of the period.
For the year ended September 30, 2023, all outstanding RSU were dilutive and included in the diluted net earnings per share calculations. Performance based restricted stock units of 1.2 million were excluded from the diluted weighted average shares outstanding calculation as the performance targets for those shares had not been achieved as of the end of the period.

Historical Timeline

Fiscal YearFiled
2025Nov 18, 2025Showing above
2024Nov 19, 2024
2023Nov 14, 2023
2022Nov 15, 2022
2021Nov 16, 2021
2020Nov 17, 2020
2019Nov 19, 2019
2018Nov 16, 2018
2017Nov 14, 2017
2016Nov 15, 2016
2015Nov 20, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

Income TaxesRevenueGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew StandardsPay vs Performance